Ag Growth International Inc (TSX:AFN)
C$ 52.63 -0.37 (-0.7%) Market Cap: 1.00 Bil Enterprise Value: 1.80 Bil PE Ratio: 44.23 PB Ratio: 3.12 GF Score: 86/100

Q2 2019 Ag Growth International Inc Earnings Call Transcript

Aug 08, 2019 / 12:00PM GMT
Release Date Price: C$46.13 (-9.01%)
Operator

Good morning. My name is Jessica, and I will be your conference operator today. At this time, I would like to welcome everyone to AGI Second Quarter Results Release and Conference Call. (Operator Instructions)

Mr. Tim Close, President and CEO, you may begin your conference.

Tim Close
Ag Growth International Inc. - President, CEO & Director

Good morning. Thank you for joining Steve Sommerfeld and I to discuss our second quarter results, our recent progress and our outlook for the remainder of 2019 and into 2020.

As we advanced from Q1, we saw unfavorable weather and trade activity, combined to impact sales in key regions. Weather in North America, India, Australia and partly Europe impacted sales in the first half. The lengthy trade disputes and political environment has also added a level of uncertainty to the market that is causing delays in investment decisions. Our business has remained resilient throughout the first half of 2019, demonstrating the benefit of our diversification, and we achieved sales growth of 12% in Q2, including

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