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AGCO Reports Second Quarter Results

Stocks in this article: AGCO

Regional Results

AGCO Regional Net Sales (in millions )

 

Three months ended June 30,

     

 

2013

     

 

 

2012

   

 

Change from2012

   

% change from2012 due tocurrencytranslation (1)

 
 
North America $ 788.9 $ 733.4 7.6 % %
South America 540.0 448.5 20.4 % (7.4 )%
Europe/Africa/Middle East 1,599.0 1,406.9 13.7 % 1.5 %
Asia/Pacific   120.3   101.3 18.8 % 0.3 %
Total $ 3,048.2 $ 2,690.1 13.3 % (0.5 )%
 

 

Six months ended June 30,

 

2013

 

 

2012

 

Change from

2012

% change from2012 due tocurrencytranslation (1)

North America $ 1,413.1 $ 1,299.9 8.7 % %
South America 1,005.7 863.9 16.4 % (10.7 )%
Europe/Africa/Middle East 2,792.2 2,606.7 7.1 % 0.8 %
Asia/Pacific   240.3   193.3 24.3 % (0.1 )%
Total $ 5,451.3 $ 4,963.8 9.8 % (1.5 )%
 
(1) See Footnotes for additional disclosure
 

North America

Net sales grew 8.7% in AGCO’s North American region during the first half of 2013 compared to 2012. The expectation of improved crop production and attractive soft commodity prices supported elevated levels of industry demand. Sales were strongest in the professional producer segment, with the most significant increases in high horsepower tractors, implements and combines. Higher sales, a favorable product mix and margin improvement initiatives contributed to growth in income from operations of $47.8 million for the first half of 2013 compared to the same period in 2012.

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