Agco reports first quarter results

Agco reports first quarter results.q1 sales $1.9 billion versus refinitiv ibes estimate of $1.86 billion.q1 earnings per share $0.85.q1 earnings per share estimate $0.42 -- refinitiv ibes data.in most areas, agco's business has been deemed essential, thereby allowing co to maintain operations.production has been severely impacted by component supply availability, particularly during late march and throughout april.affected plants all resumed production in late april, and all but one of agco's major production facilities are currently operational.ability to maintain full-time production remains uncertain for foreseeable future.china production was suspended early in q1; now producing near normal levels.all major european factories suspended production in late march through most of april, with production currently resumed with 1 exception.suolahti finland facility suspended production as of april 30 due to a supplier fire with restart date expected in june.primary south american factories production suspended during majority of april with restart dates in late april.north american factory production maintained with no interruption.north american factory production capacities are limited in some cases due to workforce constraints.agco - effects of covid-19 pandemic to impact demand in 2020, there are promising indicators agricultural equipment industry is relatively resilient.including new facility, total liquidity as of march 31, would have been about $1.2 billion.
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