Ag Growth International Inc T.AFN.DB.J

Primary Symbol: T.AFN Alternate Symbol(s): AGGZF | T.AFN.DB.H | T.AFN.DB.G | T.AFN.DB.I

Industrials

Ag Growth International Inc. is a provider of the equipment and solutions required to support the storage, transport, and processing of food globally. The Company provides equipment solutions for agriculture bulk commodities, including seed, fertilizer, grain, rice, feed, and food processing systems. It has manufacturing facilities in Canada, the United States, Brazil, Italy, France, and India and distributes its products globally. Its segments include Farm and commercial. Its Farm segment focuses on the needs of on-farm customers, and its product offerings include grain, seed, and fertilizer handling equipment; aeration products; grain and fuel storage solutions, and grain management technologies. Its Commercial segment focuses on commercial entities, such as port facility operators, food processors and elevators. Its product offerings include larger diameter grain storage bins and high-capacity grain handling equipment; food and feed handling storage and processing equipment.

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Ag Growth International Inc > Significant Beat

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Post by retiredcfon Aug 11, 2022 7:23am

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Post# 34887410

Significant Beat

Ag Growth International Inc. reported second-quarter sales of $389.9-million up from $301.6-million a year ago. The result was ahead of expectations of $358.6-million, according to S&P Capital IQ.

The company also reported a loss of $4.9-million or 26 cents per share in the quarter versus a profit of $14.3-million or 74 cents a year ago. Adjusted profit came in at $25.2-million or $1.20 per share compared to $16.5-million or 85 cents a year ago. The expectation was for adjusted EPS of 92 cents.

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