“Our all-time record quarterly results for sales and Adjusted EBITDA continue to highlight the
strength and growth of AGI,” commented Paul Householder, President and CEO of AGI.
Ag Growth International Inc. today announced that Tim Close has stepped down as president and chief executive officer and resigned as a director of AGI to pursue other opportunities.
Ag Growth International (AGI) finished out the first quarter of 2021 with trade sales of $256 million, up 12% year-over-year, and with a strong outlook for the remainder of the year.
Despite a falloff in Canadian sales, U.S. and International markets helped bolster Ag Growth International’s (AGI) results during the second quarter 2020.
Ag Growth International’s (AGI) results for the first quarter of 2020 ended March 31 showed trade sales in the quarter increased $12.7 million or 6% over first quarter 2019 due to strong farm sales in the U.S. and the recent acquisition of Milltec in India.
Winnipeg, Man.-based Ag Growth International announced that it has agreed to make a minority equity investment of US$15 million in Farmobile Inc. AGI and Farmobile have also entered into a Strategic Commercial Agreement to expand the existing collaboration between the two companies.
Ag Growth International, a manufacturer of grain handling and storage equipment for farms, reported that overall revenues for the first period of the year fell 1% year-over-year. Most of the falloff was the result of an 18% drop in international sales.
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