When comparing 2018 results to 2017, we have in some cases noted the impact
of acquisitions made in 2017 and 2018. When noted, both the 2017 and 2018
periods exclude results from the acquisitions of Global Industries, Inc. [“Global”]
[April 4, 2017], CMC Industrial Electronics Ltd. and CMC Industrial Electronics
USA, Inc. [collectively, “CMC”] [December 22, 2017], Junge Control, Inc.
[“Junge”] [December 28, 2017], Danmare Group Inc. and its affiliate Danmare, Inc.
[collectively, “Danmare”] [February 22, 2018] and Cobalt Investissement and its
wholly owned subsidiaries [collectively “Sabe”] [July 26, 2018].
Trade sales and adjusted EBITDA in the third quarter of 2018 increased significantly compared to the prior year due to strong organic growth in AGI’s Canadian Commercial business as well as higher sales in the U.S. Farm market. Commercial sales increased 34% compared to Q3 2017 due largely to continued momentum in the Canadian Commercial grain and fertilizer platforms...
Trade sales and adjusted EBITDA were at record levels in both the three and six-month periods ended June 30, 2018 due to continued momentum in international sales, a robust Canadian Commercial market and strong portable grain handling sales in the U.S. Excluding acquisitions, international sales increased 44% compared to the prior year, easily surpassing record highs due to continued strength in EMEA and higher sales in Brazil...
Trade sales and adjusted EBITDA increased significantly over 2017 due to strong demand for Commercial equipment in Canada, a significant increase in international sales and improved demand for portable equipment in the United States. Sales order backlogs in these areas remain high and sales momentum is expected to continue throughout 2018...
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