AGCO Corporation (AGCO) CEO Martin Richenhagen on Q3 2019 Results - Earnings Call Transcript

AGCO Corporation (NYSE:AGCO) Q3 2019 Earnings Conference Call October 29, 2019 10:00 AM ET

Company Participants

Greg Peterson - Head, Investor Relations
Martin Richenhagen - Chairman, President, and CEO
Andy Beck - SVP and CFO
Eric Hansotia - SVP and COO

Conference Call Participants

Emily McLaughlin - RBC Capital Markets
Tom Simonitsch - JPMorgan
Ashish Gupta - Stephens
Benjamin Burud - Goldman Sachs
Jamie Cook - Credit Suisse
Chad Dillard - Deutsche Bank
Courtney Yakavonis - Morgan Stanley
Stanley Elliott - Stifel

Operator

Good morning. My name is Amy and I will be your conference operator today. At this time, I would like to welcome everyone to the AGCO 2019 Third Quarter Earnings Release Conference Call. As a reminder, this call is being recorded. 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]

Thank you. I would now like to turn the call over to Greg Peterson, Head of Investor Relations.

Greg Peterson

Thanks Amy and good morning. Welcome to those of you joining us for our third quarter 2019 earnings conference call. This morning, we'll refer to a slide presentation that's posted on our website at www.agcocorp.com. We'll use non-GAAP measures in that slide presentation and we reconcile those to GAAP measures in the appendix of that presentation.

We'll also make forward-looking statements this morning including demand, product development, and capital expenditure plans and the timing of those plans; acquisition expansion and modernization plans and our expectations with respect to the costs and benefits of those plans and the timing of those benefits. We'll also 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