AGCO Corp (STU:AGJ)
€ 89.28 -0.54 (-0.6%) Market Cap: 6.19 Bil Enterprise Value: 9.44 Bil PE Ratio: 17.48 PB Ratio: 1.80 GF Score: 81/100

AGCO Corp at Wells Fargo Industrials Conference Transcript

Jun 14, 2023 / 06:25PM GMT
Release Date Price: €121.45 (+4.20%)
Seth Robert Weber
Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst

All right. Good afternoon, everybody. Thanks for joining. Seth Weber, machinery analyst with Wells Fargo. Very pleased to have with us on stage team from AGCO, Chief Financial Officer, Damon Audia; Vice President, Investor Relations, Greg Peterson. Gentlemen, thank you for coming, participating. For those not familiar, AGCO is the largest pure-play farm equipment company.

The company has an increasingly balanced regional revenue and margin mix. They've been a big beneficiary, big -- it's been in the precision ag movement, which we think they're targeting about $1 billion of revenue over the next couple of years for that category. And it also has some self-help margin and market share components to the story. So gentlemen, thank you for coming again, and I look forward to the dialogue.

Damon J. Audia
AGCO Corporation - Senior VP & CFO

It's glad to be here.

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