AGCO Corp (NYSE:AGCO)

$ 94.02 0.53 (0.57%) Market Cap: 6.98 Bil Enterprise Value: 10.85 Bil PE Ratio: 41.37 PB Ratio: 1.68 GF Score: 85/100

AGCO Corp at Citi Global Industrials Conference Transcript

Feb 20, 2020 / 07:00PM GMT

Release Date Price: $67.47 (+1.66%)

Transcript 10-K

Timothy Thein

Citigroup Inc, Research Division - Director and U.S. Machinery Analyst

(technical difficulty)

Andy Beck, who's the CFO; and Greg Peterson here to my left, who heads up IR. So again, thanks for coming, guys. Good to hear some perspective from AGCO, who is -- as you know, is a pure-play in global ag equipment.

So I guess I'll just launch into Q&A. And if anyone has any questions as I go along, just raise your hand. I'll make sure to get you.

Questions & Answers

Timothy Thein

Citigroup Inc, Research Division - Director and U.S. Machinery Analyst

So maybe, Andy, we'll, I guess, start, I guess, by looking backwards. In terms of fourth quarter '19, obviously, it came in below where you had expected. Just maybe walk through some of the drivers that as you -- as it kind of played out, how you think that -- or basically what gives you confidence that those don't recur. And maybe just help kind of put some finer points around some of the major deviations in terms of how the end of the year shaped out versus your

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