AGCO Corporation (NYSE:AGCO) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET

Company Participants

Greg Peterson - Head, Investor Relations

Eric Hansotia - Chairman, President and CEO

Damon Audia - Senior Vice President and CFO

Conference Call Participants

Stanley Elliott - Stifel

John Joyner - BMO Capital Markets

Dillon Cumming - Morgan Stanley

Mig Dobre - R.W. Baird

Seth Weber - Wells Fargo Securities

Jamie Cook - Credit Suisse

Kristen Owen - Oppenheimer

Jerry Revich - Goldman Sachs

Tami Zakaria - JPMorgan

Chad Dillard - Bernstein

Operator

Good day. And welcome to the AGCO First Quarter 2023 Earnings Call. All participants will be in listen-mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. In consideration please limit yourself to one question and one follow-up. [Operator Instructions]

Please note this event is being recorded. I would now like to turn the conference over to Greg Peterson, AGCO Head of Investor Relations. Please go ahead.

Greg Peterson

Thanks, Jason, and good morning. Welcome to those of you joining us for AGCO’s first quarter 2023 earnings call. We will refer to a slide presentation this morning that we posted on our website at www.agcocorp.com. The non-GAAP measures used in the slide presentation are reconciled to GAAP metrics in the appendix of that presentation.

We will make forward-looking statements on the call this morning with respect to strategic plans, demand, product development and capital expenditure plans, production levels, engineering expense, exchange rate impacts, pricing, share repurchases, dividends, interest rates, future commodity prices, crop production, supply chain disruption, inflation, component delivery, sales, margins, earnings, cash flow, tax rates and other financial metrics.

We wish to caution you that these statements are predictions and that actual events may differ materially. We refer you to the periodic reports that we file from time to time with the Securities and Exchange Commission, including the company’s Form 10-K for the year ended December 31, 2022.

These documents discuss important factors that could cause the actual results to differ materially from those contained in our forward-looking statements. These factors include, but are not limited to, adverse developments in the agricultural industry, including those resulting from supply chain disruption, whether exchange rate volatility, commodity prices and changes in product demand. We disclaim any obligation to update any forward-looking statements, except as required by law. A replay of this call will be available later today on our corporation website.