AGCO - AGCO Non-GAAP EPS of $2.39 beats by $0.48 revenue of $2.7B beats by $50M; raises FY22 guidance

AGCO press release (NYSE:AGCO): Q1 Non-GAAP EPS of $2.39 beats by $0.48. Revenue of $2.7B (+13.4% Y/Y) beats by $50M. Raised full-year outlook for net sales and net income per share: net sales for 2022 are expected to range from $12.5 billion to $12.7 billion vs. consensus of $12.32B. Gross and operating margins are projected to improve from 2021 levels; 2022 earnings per share are targeted in a range from $11.70 to $11.90 vs. consensus of $11.57.

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AGCO Non-GAAP EPS of $2.39 beats by $0.48, revenue of $2.7B beats by $50M; raises FY22 guidance