Q2 2020 Ag Growth International Inc Earnings Call Transcript
Good morning. My name is Pam, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the AGI's Second Quarter Results Release and Conference Call. (Operator Instructions) Thank you.
Mr. Tim Close, you may begin your conference.
Good morning. Thank you for joining Steve and I to discuss Q2 and our outlook going forward.
Our business has performed well through an unprecedented quarter despite all the issues associated with COVID crisis and most directly, manufacturing closures we've had. Our sales were down just 11% from Q2 2019, coming in at $261, and our adjusted EBITDA at 41 -- $44.1 million was down 14% as COVID-related items impacted costs in the quarter. Our gross margin also increased in the quarter, year-over-year, to 32.2% due to favorable product mix with a strong North American Farm environment, a stable commercial margin profile, augmented by strong performance in India, EMEA and substantial improvement in Brazil. Our resilient
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
