AGI Should Maintain Growth Trajectory

Overall revenues for the first period of the year for Ag Growth International fell by 1 percent compared to last year. Most of the decline was the result of an 18 percent drop in international sales.

An analyst with Desjardins Capital Markets offered these thoughts: “We believe AGI’s growth will be weighted toward the second half of 2019 due to the hangover from a difficult winter and wet spring weather, coupled with greater conversion of its growing backlog and pipeline of potential work, with a higher backlog in farm year-over-year and very strong backlogs in the commercial business in Canada and international. AGI should be able to maintain its growth trajectory in 2019.”

Member since 1996 | aggrowth.com