With strong first-quarter sales performances in North and South America, AGCO beat both top and bottom line estimates, improved its operating margins, but still fell short on profits. With its fast start to the new business year, the company raised its full-year earning estimates to $10.5-10.7 billion from $10.2-10.4 billion in its previous forecast.
The number three worldwide farm equipment maker posted net sales of $2.4 billion for the period ended March 31, up 5.7%…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
![[Technology Corner] Pessl Instruments CEO Talks Dealer Benefits From Lindsay Corp. Investment](https://www.agequipmentintelligence.com/ext/resources/2024/04/25/Pessl-Instruments-CEO-Talks-Dealer-Benefits-From-Lindsay-Corp.-Investment.png?height=290&t=1714144307&width=400)
Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
