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Article: AGCO Reports Fourth Quarter Results; Cash Flow Generation and Operating Expense Reductions Exceed Expectations.
- Article from:
- PR Newswire
- Article date:
- February 3, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA, Feb. 3 /PRNewswire/ -- AGCO Corporation (NYSE: AG) a worldwide designer, manufacturer and distributor of agricultural equipment, today reported net sales of $597.7 million and a net loss, excluding nonrecurring expenses, of $11.9 million, or $.20 per share, for the fourth quarter ended December 31, 1999. Including nonrecurring expenses recorded in the fourth quarter of $24.5 million, or $.26 per share, the Company incurred a net loss of $27.3 million, or $.46 per share. For the fourth quarter of 1998, AGCO's net sales were $758.1 million and net income, excluding nonrecurring expenses, was $2.8 million, or $.05 per share. Including nonrecurring expenses ...