AGI Announces First Quarter 2022 Results

First quarter (“Q1”) 2022 results include strong contributions from our Farm and Commercial segments with consolidated sales and Adjusted EBITDA up 14% and 6% year-over-year (‘YOY’), respectively, despite the impact of the severe drought in western Canada in 2021 and an increased drag on Adjusted EBITDA from our Digital group due to the impact of supply chain delays on sales recognition. The decline in our Farm segment within Western Canada was expected given the severity of the drought in that region. Our Farm segment has historically been a major contributor to Q1 performance so posting a record overall Q1 despite the drought and challenges in Digital demonstrates the value of our strategy to diversify across products, geographies, and customers.

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