Sees FY23 revenue roughly $14B, consensus $13.03B. Sees FY23 CapEx roughly $375M. Sees FY23 free cash flow conversion 75%-100%. Sees FY23 retail units end-market growth roughly flat in North America, up 0%-5% in South America, and roughly flat in Western Europe. Sees 12% adjusted operating margin at mid-cycle by 2026. Says targeting 4%-5% above industry volume growth each year, 75%-100% annual free cash flow conversion annually. Guidance taken from slides presented at Analyst Briefing.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AGCO: