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AGCO Reports Third Quarter Results

Regional Results

AGCO Regional Net Sales (in millions )

              % change from
2011 due to
% change currency
Net sales from 2011

translation (1)

 
Three months ended September 30, 2012
North America $ 632 .2 51 .4% (0 .7)%
South America 479 .9 (6 .9)% (20 .7)%
Europe/Africa/Middle East 1,060 .5 (2 .9)% (10 .8)%
Asia/Pacific   122 .4 67 .0% (5 .3)%
Total $ 2,295 .0 9 .3% (11 .0)%
 

Nine months ended September 30, 2012

North America $ 1,932 .1 64 .9% (1 .3)%
South America 1,343 .8 (5 .6)% (15 .8)%
Europe/Africa/Middle East 3,667 .2 5 .8% (9 .4)%
Asia/Pacific   315 .7 62 .0% (3 .9)%
Total $ 7,258 .8 16 .0% (9 .2)%

(1) See Footnotes for additional disclosure

North America

The acquisition benefit of GSI and strong industry demand from the professional farming segment produced growth of 66.2% in North American sales in the first nine months of 2012 compared to the same period of 2011, excluding the impact of unfavorable currency translation. North American sales increased 30.8% in the first nine months of 2012 compared to the same period in 2011 excluding the impact of acquisitions and currency translation. The most significant increases were in sprayers, hay equipment and high horsepower tractors. The positive contribution of acquisitions, higher sales and margin improvement initiatives all contributed to growth in income from operations of $157.6 million for the first nine months of 2012 compared to the same period in 2011.

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