AGCO Corporation (NYSE:AGCO) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET

Company Participants

Greg Peterson - Head, Investor Relations

Eric Hansotia - Chairman, President and Chief Executive Officer

Andy Beck - Chief Financial Officer

Conference Call Participants

Seth Weber - Wells Fargo

Stephen Volkmann - Jefferies

Avi Jaroslawicz - UBS

Jamie Cook - Credit Suisse

Tami Zakaria - BMO

Stanley Elliott - Stifel

John Joyner - BMO

Jerry Revich - Goldman Sachs

Courtney Yakavonis - Morgan Stanley

Chad Dillard - Bernstein

Operator

Ladies and gentlemen, thank you for standing by and welcome to the AGCO 2022 First Quarter Earnings Release Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Mr. Greg Peterson, AGCO Head of Investor Relations. Mr. Peterson please go ahead.

Greg Peterson

Thank you, Lorenz and good morning. Welcome to all of you who are joining us for our AGCO’s first quarter 2022 earnings conference call. This morning, we do have slides we will refer to, and those were posted on our website at www.agcocorp.com. The non-GAAP measures used in that presentation are reconciled to GAAP metrics in the appendix of the presentation.

We’ll also make forward-looking statements, 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 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’ll 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 31st, 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 disruption, the war in the Ukraine, weather, 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. We’ll have a replay of our conference call available on our corporate website later today. On the call with me this morning are; Eric Hansotia, our Chairman, President and Chief Executive Officer; and Andy Beck, our Chief Financial Officer.