AGCO Corporation (NYSE:AGCO) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET
Company Participants
Greg Peterson – Head-Investor Relations
Eric Hansotia – Chairman, President and Chief Executive Officer
Damon Audia – Senior Vice President and Chief Financial Officer
Andy Beck – Senior Vice President and Senior Advisor
Conference Call Participants
Jamie Cook – Credit Suisse
Jerry Revich – Goldman Sachs
Steve Volkmann – Jefferies
Chad Dillard – Bernstein
Kristen Owen – Oppenheimer
Steven Fisher – UBS
Tammy Zakaria – JPMorgan
Seth Weber – Wells Fargo
Dillon Cumming – Morgan Stanley
Tim Thein – Citigroup
Operator
Good day everyone and welcome to the AGCO 2022 Second Quarter Earnings Release Conference Call. [Operator Instructions]
Now, at this time I’d like to hand the conference over to Greg Peterson, AGCO Head of Investor Relations. Please go ahead, sir.
Greg Peterson
Thanks, April, and good morning. Welcome to those of you joining us for AGCO’s Second Quarter 2022 Earnings Conference Call. This morning, we will refer to a slide presentation that’s posted on our website at www.agcocorp.com.
The non-GAAP measures that we use in the slide presentation are reconciled to GAAP metrics in the appendix of those slides. We’ll also make forward-looking statements this morning, including demand, product development and capital expenditure plans, production levels, engineering expense, exchange rates, pricing, share repurchases, dividends, future commodity prices, crop production, our supply chain, 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. Supply chain disruptions, weather, exchange rate volatility, commodity prices and changes in product demand. We disclaim any obligation to update any forward-looking statements as except as required by law. We will have a replay of this call on our corporate website later today.
On the call with me this morning are Eric Hansotia, our Chairman, President and Chief Executive Officer; Damon Audia, our Senior Vice President and Chief Financial Officer; and Andy Beck, our former CFO and now Senior Vice President and Senior Advisor.