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United States

Ag Growth International Inc (AFN.TO)

AFN.TO on Toronto Stock Exchange

52.75CAD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

AG Growth Reports Q4 ‍​loss Per Share $0.02
Wednesday, 14 Mar 2018 05:10am EDT 

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 07:00am EST 

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 04:06am EDT 

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 12:01am EDT 

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

AG Growth International buys Global Industries for $100 mln
Tuesday, 4 Apr 2017 04:38pm EDT 

AG Growth International Inc : AG Growth International - acquired Global Industries Inc for $100 million; co expects deal to be immediately accretive to profit per share and FFO . AG Growth International - in connection with acquisition, AGI's credit facilities have been amended to extend maturity to 2021 .AG Growth International - purchase price was financed by cash on hand and AGI's revolving credit facility.  Full Article

AGI announces $75 mln principal amount of convertible unsecured subordinated debentures
Tuesday, 4 Apr 2017 04:11pm EDT 

AG Growth International Inc : AGI announces $75 million public offering of convertible unsecured subordinated debentures .AG Growth International-to issue $75 million principal amount of convertible unsecured subordinated debentures at price of $1,000/debenture.  Full Article

Ag Growth announces about $60 mln bought deal equity financing
Thursday, 26 Jan 2017 04:13pm EST 

Ag Growth International Inc - : Ag Growth announces approximately $60 million bought deal equity financing . Entered into an agreement with Syndicate of underwriters led by CIBC capital markets, National Bank Financial .Ag Growth International Inc says will issue on a "bought deal" basis, 1.1 million common shares at a price of $55.10 per share.  Full Article

Ag Growth qtrly adjusted earnings per share $0.59
Thursday, 11 Aug 2016 06:32am EDT 

Ag Growth International Inc : Ag Growth announces second quarter 2016 results; declares dividends . Q2 earnings per share view C$0.77 -- Thomson Reuters I/B/E/S . Sees H2 results to reflect a significant contribution from recent acquisitions, strong demand in Canada for farm products . Anticipates second half adjusted ebitda excluding acquisitions will approximate 2015 levels . Anticipates second half adjusted ebitda including acquisitions will be well above prior year results . Qtrly adjusted earnings per share $0.59 . Ag Growth International Inc qtrly diluted profit per share $0.35 . Qtrly trade sales $143.5 million versus $113.9 million . Effect of higher input costs is expected to be more prominent in future quarters as previously procured steel is utilized .Results in H2 of 2016, fiscal 2017 may be impacted by "significant increase" in steel prices experienced in current year.  Full Article

Ag Growth International declares cash dividends
Thursday, 5 May 2016 03:13am EDT 

Ag Growth International Inc:Declares cash dividends of $0.20 per common share for the months of June 2016, July 2016 and August 2016.Payable on July 15, August 15 and Sept. 15.Record date of June 30, July 29 and August 31.  Full Article