Farm Equipment
Farm Equipment's Dealership Minds: Vanderloop Equipment, Profile of a Successful Dealership
DULUTH, Ga. — AGCO, a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.4 billion for the second quarter of 2019, a decrease of approximately 4.5% compared to the second quarter of 2018. Excluding unfavorable currency translation impacts of approximately 4.6%, net sales in the second quarter of 2019 increased 0.1% compared to the second quarter of 2018.
North American net sales during the period rose 3.1% and were up during the first 6 months of the year by 1.1%.
To review the first quarter results, click here.
Overall, net sales for the first 6 months of 2019 were approximately $4.4 billion, a decrease of approximately 2.8% compared to the same period in 2018. Excluding unfavorable currency translation impacts of approximately 5.7%, net sales for the first 6 months of 2019 increased approximately 2.9% compared to the same period in 2018.
Financial highlights during the second quarter 2019 vs. the same period in 2018 included:
“Our second quarter results were highlighted by margin expansion across all regions and significant growth in earnings per share,” stated Martin Richenhagen, AGCO’s chairman, president and…