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Ag Growth International Inc (AFN.TO)

AFN.TO on Toronto Stock Exchange

60.71CAD
23 Apr 2019
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Latest Key Developments (Source: Significant Developments)

AGI Announces Platform Acquisition In India
Monday, 11 Mar 2019 

March 11 (Reuters) - Ag Growth International Inc ::AGI ANNOUNCES PLATFORM ACQUISITION IN INDIA.AG GROWTH INTERNATIONAL INC - TRANSACTION WILL BE FUNDED BY AGI'S REVOLVING CREDIT FACILITY.AG GROWTH INTERNATIONAL INC - DEAL FOR $109.5 MILLION, PLUS POTENTIAL FOR UP TO AN ADDITIONAL $38.4 MILLION BASED ON ACHIEVEMENT OF EBITDA TARGETS.AG GROWTH INTERNATIONAL INC - IT HAS ENTERED INTO BINDING PURCHASE AGREEMENTS TO ACQUIRE 100% OF OUTSTANDING SHARES OF MILLTEC MACHINERY LIMITED.AG GROWTH INTERNATIONAL - COMPLETION OF TRANSACTION IS SUBJECT TO CUSTOMARY CONDITIONS PRECEDENT AND IS EXPECTED TO CLOSE PRIOR TO MARCH 31, 2019.  Full Article

AGI Qtrly Diluted Profit Per Share $1.14
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - AG Growth International Inc ::AGI ANNOUNCES THIRD QUARTER 2018 RESULTS; DECLARES DIVIDENDS.QTRLY DILUTED ADJUSTED PROFIT PER SHARE $0.74.QTRLY DILUTED PROFIT PER SHARE $1.14.QTRLY TRADE SALES $243.1 MILLION VERSUS $205.7 MILLION.Q3 EARNINGS PER SHARE VIEW C$1.07, REVENUE VIEW C$237.6 MILLION -- THOMSON REUTERS I/B/E/S.EXPECT YEAR-OVER-YEAR GROWTH IN FARM BUSINESS IN FISCAL 2019..AG GROWTH INTERNATIONAL - IN CANADA, ABRUPT END TO SUMMER AND POOR FALL WEATHER CONDITIONS EXPECTED TO NEGATIVELY IMPACT FARM SALES IN Q4 2018.MANAGEMENT ANTICIPATES SALES AND EBITDA RELATED TO COMMERCIAL EQUIPMENT IN Q4 OF 2018 WILL BE HIGHER.MANAGEMENT ANTICIPATES IMPROVED RESULTS FROM BRAZIL IN 2019 AND A POSITIVE EBITDA CONTRIBUTION..AG GROWTH INTERNATIONAL - ANTICIPATES SALES, EBITDA RELATED TO COMMERCIAL EQUIPMENT IN Q4 TO BE HIGHER THAN PRIOR YEAR & GROWTH IS ANTICIPATED IN 2019.MANAGEMENT ANTICIPATES IMPROVED RESULTS FROM BRAZIL IN 2019 AND A POSITIVE EBITDA CONTRIBUTION..  Full Article

Ag Growth Reports Qtrly Diluted Profit Per Share Of $0.30
Wednesday, 9 May 2018 

May 9 (Reuters) - Ag Growth International Inc ::AG GROWTH ANNOUNCES FIRST QUARTER 2018 RESULTS; DECLARES DIVIDENDS.QTRLY DILUTED PROFIT PER SHARE $0.30.QTRLY DILUTED ADJUSTED PROFIT PER SHARE $0.70.MANAGEMENT ANTICIPATES THAT FARM SALES AND EBITDA IN FISCAL 2018 WILL BE ABOVE 2017 LEVELS.QTRLY TRADE SALES OF $214.1 MILLION VERSUS $154.7 MILLION.AG GROWTH INTERNATIONAL - STEEL PRICES ROSE SIGNIFICANTLY IN RECENT MONTHS AND VOLATILITY IN STEEL MARKETS MAY BE EXACERBATED BY U.S. TRADE ACTIONS.COMMERCIAL SALES IN CANADA ARE EXPECTED TO INCREASE SIGNIFICANTLY IN 2018.MANAGEMENT ANTICIPATES TRADE SALES AND ADJUSTED EBITDA IN FISCAL 2018 WILL INCREASE COMPARED TO 2017.  Full Article

AG Growth Reports Q4 ‍​loss Per Share $0.02
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Ag Growth International Inc ::AG GROWTH ANNOUNCES FOURTH QUARTER AND ANNUAL 2017 RESULTS; DECLARES DIVIDENDS.‍HAS SUSPENDED, UNTIL FURTHER NOTICE, ACTIVE OPERATION OF ITS DIVIDEND REINVESTMENT PLAN​.‍MARCH 2018 DIVIDEND, PAYABLE APRIL 13, 2018 TO SHAREHOLDERS WILL BE LAST DIVIDEND TO BE REINVESTED THROUGH DRIP​.AG GROWTH INTERNATIONAL - U.S. TAX REFORM MAY STIMULATE DEMAND AS FARMERS WILL PAY LOWER TAXES,MAY BE ELIGIBLE FOR ACCELERATED DEPRECIATION ON EQUIPMENT​.QTRLY ‍​ ADJUSTED EARNINGS PER SHARE $0.30.QTRLY ‍​LOSS PER SHARE $0.02.QTRLY TRADE SALES $173 MILLION VERSUS $126.4 MILLION LAST YEAR.Q4 EARNINGS PER SHARE VIEW C$0.23, REVENUE VIEW C$170.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Ag Growth International qtrly adjusted earnings per share $0.79‍​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Ag Growth International Inc ::Ag Growth announces third quarter 2017 results; declares dividends.Ag Growth International Inc - qtrly earnings per share $0.92‍​.Ag Growth International Inc - qtrly adjusted earnings per share $0.79‍​.Ag Growth International Inc - ‍management anticipates company's north american farm sales in Q4 to approximate 2016 results​.Ag Growth International - ‍domestic and international commercial backlog as at Sept 30, 2017, includes a higher than typical book of business for 2018​.Q3 earnings per share view C$1.00 -- Thomson Reuters I/B/E/S.  Full Article

Ag Growth announces Q2 earnings of $0.88 per share
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Ag Growth International Inc -:Ag Growth announces second quarter 2017 results; declares dividends.Qtrly diluted profit per share $0.88.Qtrly trade sales $222.2 million versus $143.5 million.Anticipates Q3 Canadian farm sales to exceed a very strong 2016 comparative.Sales in third and fourth quarters of 2017 are expected to exceed prior year.In United States, anticipate sales levels in second half of 2017 will approximate those of prior year.  Full Article

Ag Growth qtrly diluted profit per share $0.33
Tuesday, 9 May 2017 

May 9 (Reuters) - Ag Growth International Inc :Ag Growth announces first quarter 2017 results; declares dividends.Qtrly diluted profit per share $0.33.Qtrly diluted adjusted profit per share $0.48.Qtrly trade sales $154.7 million versus $113.7 million.It remains too early in crop year to confidently predict higher demand for farm equipment throughout 2017.Ag Growth International - expect sales of commercial equipment in 2017 will significantly exceed prior year, largely due to growth in offshore sales.Announced declaration of cash dividends of $0.20 per common share for months of June, July and August 2017.  Full Article