AGCO Corp (NYSE:AGCO)

$ 112.03 -6.01 (-5.09%) Market Cap: 8.36 Bil Enterprise Value: 10.20 Bil PE Ratio: 7.58 PB Ratio: 1.76 GF Score: 92/100

AGCO Corp at Morgan Stanley Laguna Conference Transcript

Sep 12, 2023 / 08:25PM GMT

Release Date Price: $121.63 (-1.20%)

Transcript

Unidentified Analyst

Good afternoon, everyone. Thank you for joining us, and welcome to AGCO. We have Damon Audia, CFO; and Greg Peterson, VP of IR. Again, gentlemen, thank you for joining us for this conference.

Questions & Answers

Unidentified Analyst

So let's just dive right in. I think we've seen in a lot of meetings, a lot of questions around the cycle and the durability of it, right? So maybe high level, would love to just get your thoughts from an industry perspective, how are you kind of seeing as we think about heading into 2024. And then, after that, we'll dive into some specifics around AGCO and your order book, how that kind of informs your view as well.

Damon J. Audia

AGCO Corporation - Senior VP & CFO

Yes. So I think, [Angel], at the highest level, the fundamentals are very strong. Again, we think at a macro level, the population is growing from 8 billion to 10 billion. The middle class is growing around the world. And generally speaking, when a middle class grows, their diets consume more protein. So

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