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AGCO Reports First Quarter Results

AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, reported its results for the first quarter ended March 31, 2022. 

Net sales for the first quarter were approximately $2.7 billion, an increase of approximately 12.9% compared to the first quarter of 2021. 

Excluding unfavorable currency translation impacts of approximately 5.0%, net sales in the first quarter of 2022 increased approximately 17.9% compared to the first quarter of 2021. 

Reported net income was $2.03 per share for the first quarter of 2022, and adjusted net income, which excludes impairment charges, restructuring expenses and other related items, was $2.39 per share. 

These results compare to reported net income of $1.99 per share and adjusted net income, which excludes restructuring expenses, of $2.00 per share for the first quarter of 2021.



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