AGCO Corp (NYSE:AGCO)

$ 118.04 0.76 (0.65%) Market Cap: 8.81 Bil Enterprise Value: 10.15 Bil PE Ratio: 7.99 PB Ratio: 1.85 GF Score: 92/100

AGCO Corp at Citi Global Industrials Conference Transcript

Feb 21, 2019 / 02:30PM GMT

Release Date Price: $66.41 (+0.97%)

Transcript 10-K

Timothy Thein

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

Good morning. This is Tim Thein here from Citigroup, and we're delighted to have the team from AGCO here this morning. To my nearest left, Andy Beck, who's the CFO; and next to him, Greg Peterson, the highly acclaimed IR contact from AGCO.

So good morning, everyone, and Andy, maybe we'll just kick it off in terms of, as you kind of look around the world, the projections for '19 kind of sideways markets as you look in some of your major geographies.

Questions & Answers

Timothy Thein

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

So maybe I'll start with just closest here in North America. There's this notion of just -- there's kind of more of a need-based buying from some of the larger row crop farmers, and just this notion of replacement demand is pretty well understood, I think, at this point. But as you look in other more mature markets like Western Europe and Brazil, I don't think you have quite that same dynamic, but maybe you

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