COMPANY PROFILESupplying the World's Food InfrastructurePlanning, engineering and manufacturing full solutions and systems across 5 platforms: Seed, Fertilizer, Grain, Feed, and Food. Our products, equipment, technology, and services help facilitate the storage, blending, mixing, conveying, conditioning, processing, and protection of agricultural inputs and produce around the world.

Gross margin grew in the quarter to 33.7%, an increase of 240 basis points (‘bps’) over Q3 2019. The strong results in Q3 also delivered a 70 bps gain in gross margin on a YTD basis as compared to September 30, 2019. The Adjusted EBITDA result in Q3 represents a record quarter for AGI, slightly higher than the prior high water mark in Q2 2019. Q3 Adjusted EBITDA margin of 18.3% increased 336 bps over Q3 2019 bringing the YTD total Adjusted EBITDA margin to a 1 bps improvement over September 2019 results despite the significant and ongoing impact of COVID-19 and the negative contribution of AGI’s growing technology platform. Adjusted profit increased 84% in the quarter while Adjusted Profit per share increased 78% over Q3 2019. Adjusted profit and Adjusted Profit per share grew 19% YTD. Loss and loss per share were negatively impacted by the Company’s estimated warranty accrual, non-cash losses on the Company’s equity compensation swap, non-cash losses on foreign exchange translation, other transaction and transitional costs, non-cash asset impairment charge and the Company’s share of associate’s net loss, while adjusted profit and adjusted profit per share increased over the prior year.