Another Tough Quarter for Ag Equipment Makers

The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.

AGCO Takes Big Hit on South American Sales During 3Q

AGCO reported third quarter results Oct. 28 with net sales for the quarter down 19.4% year-over-year to $1.7 billion. The company also reported it has lowered its inventory by $305 million compared to the same time in 2014.

Despite the year-over-year declines, an analyst for Seaport Global said in a note to investors that they continue to be impressed by AGCO’s execution on margin in…

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