AGCO Corp (NYSE:AGCO)
$ 94.33 -0.19 (-0.2%) Market Cap: 7.04 Bil Enterprise Value: 10.57 Bil PE Ratio: 41.74 PB Ratio: 1.70 GF Score: 84/100

AGCO Corp at Wells Fargo Industrials Conference Transcript

May 05, 2022 / 02:40PM GMT
Release Date Price: $130.83 (-3.80%)
Seth Robert Weber
Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst

Okay. Great. I think we're going to get started. Thanks. Good morning, everybody. Seth Weber, Machinery Analyst with Wells Fargo. Very pleased this morning to have the team from AGCO joining us. We have Andy Beck, Chief Financial Officer, on the far right; and Greg Peterson, Vice President of Investor Relations, in the middle.

For those unfamiliar or less familiar with AGCO, the largest public pure-play farm equipment company. Historically, the company has kind of cobbled together with some acquisitions. But over the last few years, we feel like the story has really started to come together as a more kind of cohesive full-line operator, new products, higher margins, capturing market share. So we think there's a lot to the story here.

There's -- and obviously, there's a lot of debate right now around the farm economy broadly, what it means for equipment demand and sustainability of the cycle. So again, we think this is a pretty timely discussion.

So gentlemen, welcome, and thank you for

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