AGCO Corporation (NYSE:AGCO) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET

Company Participants

Gregory Peterson - Vice President, Investor Relations

Eric Hansotia - Chairman, President and CEO

Damon Audia - Senior Vice President and CFO

Andy Beck - Former CFO and Senior Vice President and Senior Advisor

Conference Call Participants

Stephen Volkmann - Jefferies

Jamie Cook - Credit Suisse

Stanley Elliott - Stifel

John Joyner - BMO Capital Markets

Nicole DeBlase - Deutsche Bank

Mig Dobre - Baird

Seth Weber - Wells Fargo Securities

Tammy Zakaria - JPMorgan

Tim Thein - Citigroup

Kristen Owen - Oppenheimer

Jerry Revich - Goldman Sachs

Operator

Good morning. And welcome to the AGCO Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]

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

Gregory Peterson

Thanks and good morning. Welcome to those of you joining us for AGCO’s third quarter 2022 earnings conference call. We will refer to a slide presentation this morning that’s 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, including demand, product development and capital expenditure plans, production levels, engineering expense, exchange rate impacts, pricing, share repurchases, dividends, future commodity prices, crop production, our supply chain disruption, inflation, component deliveries, retail revenue, 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, 2021.

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 COVID-19, including plant closings, workforce availability and product demand, as well as supply chain disruption, weather, exchange rate volatility, commodity prices and changes in product demand. We wish to disclaim any obligation to update any forward-looking statements except as required by law. A replay of this call will be available on our corporate site later today.