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BRIEF-AGI Qtrly Diluted Profit Per Share $1.14

Published 2018-11-07, 06:21 a/m
BRIEF-AGI Qtrly Diluted Profit Per Share $1.14
AFN
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Nov 7 (Reuters) - AG Growth International Inc AFN.TO :

* 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.

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