AGCO Corporation (AGCO) CEO Martin Richenhagenagen on Q2 2020 Results - Earnings Call Transcript

AGCO Corporation (NYSE:AGCO) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET

Company Participants

Greg Peterson - Head, Investor Relations
Martin Richenhagen - Chairman, President and Chief Executive Officer
Eric Hansotia - Chief Operating Officer
Andy Beck - Chief Financial Officer

Conference Call Participants

Stephen Volkmann - Jefferies
Jamie Cook - Credit Suisse
Courtney Yakavonis - Morgan Stanley
Ross Gilardi - Bank of America
Joel Tiss - BMO
Larry De Maria - William Blair
Jerry Revich - Goldman Sachs
Stanley Elliott - Stifel

Operator

Good morning. My name is Thea and I will be the conference operator today. At this time, I would like to welcome everyone to the AGCO 2020 Second Quarter Earnings Release Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Greg Peterson, Head of Investor Relations. Please go ahead, sir.

Greg Peterson

Thanks, Thea and good morning. Welcome to those of you joining us for AGCO's second quarter 2020 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 used in the slide presentation are reconciled to GAAP measures in the appendix of the presentation.

We will make forward-looking statements this morning, including demand, product development and 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 the timing of those benefits. We'll also discuss production levels, share repurchases, dividend rates and our future revenue, price levels, earnings, cash flow, tax rates and other financial metrics.

We do wish to caution you that these statements are predictions and that actual results may differ materially. We refer you to the periodic reports that we file from time to time with