AGCO Reports Second Quarter Increases

AGCO’s net sales for the second quarter of 2018 increased by about 17.2 percent compared to the second quarter of 2017. Excluding favorable currency translation, net sales increased by about 13.9 percent over the same quarter a year ago.

For the first six months of 2018, net sales increased by about 19.8 percent compared to the same period last year. Excluding currency translation, the increase was about 13.9 percent.

Net sales in North America increased 26.9 percent in the first six months of 2018 compared to last year, excluding the positive impact of currency translation.

Excluding the impact of acquisitions and currency translation, sales in North America grew about 16.2 percent. The largest increases were in sprayers, high-horsepower tractors and hay tools, the company said.