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AGCO Corporation (AGCO) CEO Martin Richenhagen on Q4 2018 Results - Earnings Call Transcript

Feb. 05, 2019 2:52 PM ETAGCO Corporation (AGCO)
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AGCO Corporation (NYSE:AGCO) Q4 2018 Results Conference Call February 5, 2019 10:00 AM ET

Company Participants

Greg Peterson - Head, IR

Martin Richenhagen - Chairman, President, and CEO

Andy Beck - CFO

Conference Call Participants

Brendan Shea - RBC Capital Markets

Chad Dillard - Deutsche Bank

Jamie Cook - Credit Suisse

Larry De Maria - William Blair

Jerry Revich - Goldman Sachs

Ann Duignan - JP Morgan

Joel Tiss - BMO

Andy Casey - Wells Fargo Securities

Joe O'Dea - Vertical Research

Ross Gilardi - Bank of America Merrill Lynch

Steven Fisher - UBS


Good morning. My name is Nicole and I will be your conference operator today. At this time, I would like to welcome everyone to the AGCO 2018 Fourth Quarter Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

It is now my pleasure to hand the call over to Mr. Greg Peterson, Head of Investor Relations. Please go ahead, sir.

Greg Peterson

Thank you, Nicole, and good morning. Welcome to those of you joining us for AGCO's fourth quarter 2018 earnings call. We will refer to a slide presentation this morning that we’ve posted to our website that you will find at www.agcocorp.com. The non-GAAP measures used in the slide presentation are reconciled to GAAP measures in the appendix.

We'll also make forward-looking statements this morning, including demand, product development, capital expenditure plans, and timing of those plans, acquisition expansion and modernization plans, and our expectations with respect to the costs and benefits of those plans and timing of those benefits. We will talk about production levels, share repurchases, dividend rates and our future revenue, price levels, earnings, cash flow, tax rates and other financial metrics. We wish to caution you that these statements are predictions and that actual results

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