AGCO

AGCO Corp. engages in the manufacture and distribution of agricultural equipment and related replacement parts. It operates through the following geographic segments: North America, South America, Europe and Middle East, and Asia, Pacific, and Africa. The Asia/Pacific/Africa segment includes the regions of Australia and New Zealand. The firm's products include tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. Its brands include Challenger, Fendt, GSI, Massey Ferguson, Valtra, and Fella. The company was founded by Robert J. Ratliff in 1990 and is headquartered in Duluth, GA.

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AGCO achieves record sales and margins, eyes global expansion

AGCO delivered a robust performance in Q4 2022, marked by record sales and margins, with a focus on global brand expansion and precision agriculture. While facing challenges like pricing fluctuations and margin pressures, the company sees opportunities in market demand, technology growth, and sustainable initiatives. AGCO's positive outlook for 2023 and beyond underscores its commitment to innovation and market strength.

AGCO reports record Q1 earnings, eyes growth in global markets

AGCO's Q1 2023 showed strong sales growth and margin expansion, with a focus on growth and sustainability. Despite challenges like component shortages, the company remains confident in hitting free cash flow targets. Opportunities lie in expanding product offerings and capitalizing on strong global ag markets.

AGCO achieves record Q2 performance, eyes $1B precision ag revenue

AGCO's Q2 2023 performance reflects record sales and margins, driven by strong demand for precision ag solutions and strategic pricing strategies.
While facing challenges from supply chain disruptions and market uncertainties, AGCO is well-positioned to capitalize on opportunities for growth and margin improvement.
The company's focus on sustainability, technology development, and meeting sales targets underscores its commitment to long-term success and market leadership.
With a positive outlook for the remainder of 2023 and beyond, AGCO's performance and strategic initiatives position it for continued financial strength and market expansion.

AGCO reports robust Q3 sales growth, eyes expansion and cost efficiencies

AGCO's Q3 performance reflects strong sales growth and operational improvements, driven by its Farmer-First strategy. While facing challenges in certain markets, AGCO is leveraging its strengths in technology and order backlog to drive future growth. The company is focused on seizing opportunities in global expansion and smart farming solutions.

AGCO reports record sales in 2023, anticipates challenges and growth

AGCO's strong 2023 performance with record sales and margins faces challenges in 2024 due to market conditions and inventory levels, but the company is strategically positioned for growth.
Investments in technology, Precision Ag, and parts business, along with cost management initiatives, present opportunities for revenue growth and margin stabilization.
Despite lower sales forecasts, AGCO's focus on operational efficiencies, global expansion, and strategic partnerships positions it well to navigate market headwinds and drive future profitability.
The company's emphasis on Precision Ag, digital capabilities, and customer engagement underscores its commitment to innovation and long-term sustainability in the agricultural equipment industry.

AGCO reports Q1 sales decline, focuses on cost reduction

AGCO faces challenges from declining sales and margins in key markets but is strategically aligning production and focusing on cost reduction.
The company's emphasis on margin-rich businesses and precision technology presents growth opportunities despite market headwinds.
Strategic reviews, positive dealer engagement, and revenue growth expectations highlight AGCO's resilience and long-term potential.
AGCO's performance reflects industry-wide challenges but also showcases strategic initiatives to navigate market uncertainties.

AGCO addresses industry downturn with Precision Ag focus and cost reduction

AGCO navigated challenges in Q2 2024 with production cuts and lower sales, particularly in South America. The company's strategic focus on Precision Ag technology and cost reduction initiatives demonstrates a commitment to long-term profitability. Despite industry headwinds, AGCO remains optimistic about its future growth prospects.

AGCO tackles market challenges with cost-cutting and growth strategies

AGCO's Q3 2024 performance reflects the impact of market challenges, with a focus on cost-cutting and high-margin growth levers to navigate the tough environment.
Despite facing industry contraction, AGCO's strengths lie in their farmer-centric approach, strategic growth initiatives, and adaptability to market dynamics.
Challenges in lower sales, reduced margins, and weak industry retail sales are countered by opportunities in strategic restructuring, cost savings, and long-term growth strategies.

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Farmer-First Strategy Delivering Value for Farmers and Generating Higher Through-the-Cycle Returns for Shareholders NEW YORK , Dec. 19, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced new financial targets to investors at its 2024 Analyst Meeting as it remains focused on driving enhanced durability and profitability through the cycle. By 2029, AGCO is targeting to: Improve adjusted mid-cycle adjusted operating margins to 14%-15%1 Outgrow the industry by 4%-5% annually Annually deliver free cash flow conversion of 75%-100%2 Expand net sales of Fendt in North and South America to $1.7 billion as the company continues to roll out a full line of Fendt products Grow parts net sales to $2.3 billion while increasing market share of genuine AGCO parts Deliver precision ag net sales of $2.0 billion "Our Farmer-First strategy has served us well since its launch in 2021, driving us to deliver even more innovative solutions for farmers through our differentiated portfolio of leading brands," said Eric Hansotia, AGCO's Chairman, President and Chief Executive Officer.

AGCO Raises Long-Term Financial Targets, Provides 2025 Outlook at 2024 Analyst Meeting

TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal to suspend the Cannabis Retail Store Authorization for 12473291 Canada Inc., operating as Montrose Cannabis in Pickering, Ontario. The seven-day suspension has been proposed following AGCO inspections that revealed significant breaches of the Cannabis Licence Act, 2018 (CLA) and its regulations.

AGCO Issues 7-Day Suspension Notice to Montrose Cannabis in Pickering

CHENNAI, India--(BUSINESS WIRE)--Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”) is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term, strategic equity stake in the Company. Today, TAFE urged management to address the following questions during its upcoming Analyst Day, which is scheduled to be held at 9 A.M. Eastern Standard Time on December 19, 2024. TAFE believes these questions are of criti.

TAFE Urges AGCO to Address Critical Questions Regarding its Strategic Priorities During 2024 Analyst Day

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The Manufacturing - Farm Equipment industry bears the impacts of low farm income. Demand will eventually pick up, aided by growing demand for food.

3 Farm Equipment Stocks to Watch Despite Industry Challenges

Montana operator recognized for professionalism, agronomic skills and continuous service to area farmers and community DULUTH, Ga. , Dec. 16, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, named Randy Bauwens of Town & Country Supply Association in Laurel, Montana, its 2024 Operator of the Year at the ARA Annual Conference & Expo in Houston on December 4.

AGCO Names Randy Bauwens of Town & Country Supply Association Its 2024 Operator of the Year

The agricultural sector is in a severe down-cycle, but AGCO's strong market position and growth potential make it an attractive investment at its current price. AGCO's strategic acquisitions and dominant brands like Fendt, Valtra, and Massey Ferguson position it well for future growth, especially in Precision Agriculture. Despite current challenges, AGCO's simplified dealership structure and focus on debt reduction provide a solid foundation for a potential upcycle by 2H 2025.

AGCO Might Be An Attractive Investment To Ride The Agricultural Recovery

DULUTH, Ga. , Dec. 10, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced Bob Crain, Senior Vice President (SVP) and General Manager, Grain & Protein, will retire at the end of December 2024 after nearly 19 years of dedicated service to AGCO and more than 30 years' experience in the agricultural equipment business.

AGCO Announces Retirement of Senior Vice President Bob Crain

DULUTH, Ga. , Dec. 6, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today it will conduct an analyst meeting in New York City on Thursday, December 19, 2024.

AGCO TO HOST ANALYST MEETING

Agco (AGCO) reported earnings 30 days ago. What's next for the stock?

Why Is Agco (AGCO) Up 5.2% Since Last Earnings Report?

DULUTH, Ga. , Dec. 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, celebrated the grand opening of the AGCO Technician Training Center at Parkland College in Champaign, Illinois.

AGCO Celebrates Grand Opening of AGCO Technician Training Center at Parkland College

CHENNAI, India--(BUSINESS WIRE)--Tractors and Farm Equipment Limited (together with certain of its affiliates, “TAFE” or “we”), is the largest shareholder of AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) with a 16.3% long-term strategic ownership interest in the Company. Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company's proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring.

TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO's 2025 Annual Meeting

AGCO reports lower-than-expected Q3 results and expects an adjusted EPS projection to be around $7.50 from the previously stated $8.00 for 2024.

AGCO Corp. Shares Rise 2% Despite Q3 Earnings Missing Estimates

Examine the evolution of Agco's (AGCO) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Don't Overlook Agco (AGCO) International Revenue Trends While Assessing the Stock

AGCO Corporation (NYSE:AGCO ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Greg Peterson - Head of IR Eric Hansotia - Chairman, President and CEO Damon Audia - SVP, CFO Conference Call Participants Jamie Cook - Truist Securities Kristen Owen - Oppenheimer Stephen Volkmann - Jefferies Joel Jackson - BMO Capital Markets Mig Dobre - RW Baird Tami Zakaria - J.P. Morgan Operator Good day, and welcome to the AGCO Third Quarter 2024 Earnings Call.

AGCO Corporation (AGCO) Q3 2024 Earnings Conference Call Transcript

The results leave investors wondering when the farming cycle will turn.

AGCO Earnings Show It Isn't a Good Time to Be a Farmer

While the top- and bottom-line numbers for Agco (AGCO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Agco (AGCO) Q3 Earnings

Agco (AGCO) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $3.97 per share a year ago.

Agco (AGCO) Q3 Earnings and Revenues Miss Estimates

Net sales of $2.6 billion, down 24.8% year-over-year Reported earnings per share of $0.40 and adjusted earnings per share(1) of $0.68 Reaffirms full-year adjusted operating margin target of 9% Revised 2024 sales and earnings per share outlook reflects the Grain and Protein divestiture DULUTH, Ga. , Nov. 5, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.6 billion for the third quarter ended September 30, 2024, a decrease of 24.8% compared to the third quarter of 2023.

AGCO REPORTS THIRD-QUARTER RESULTS

Funds Will Support Georgia's Farmers Recovering from Hurricane Helene's Devastating Impact DULUTH, Ga. , Nov. 4, 2024 /PRNewswire/ -- AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, donated USD $50,000 to the Georgia Foundation for Agriculture to support the Weathered But Strong: Hurricane Relief Fund.

AGCO Agriculture Foundation Donates $50,000 to Weathered But Strong: Hurricane Relief Fund

Besides Wall Street's top -and-bottom-line estimates for Agco (AGCO), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Countdown to Agco (AGCO) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

TORONTO, Nov. 01, 2024 (GLOBE NEWSWIRE) -- To protect the wellbeing and safety of horses and safeguard the integrity of horse racing, the Alcohol and Gaming Commission of Ontario (AGCO) has issued monetary penalties and suspensions to Standardbred trainer, Richard Moreau, and driver, Sylvain Filion. Both are found to have violated the AGCO's Rules of Standardbred Racing .

AGCO issues 10-year suspensions and $40,000 monetary penalties to Richard Moreau and Sylvain Filion for presence of DPO in racehorse

Rebranded Grain & Protein Technologies, the new standalone entity will be led by accomplished industrial manufacturing leader Jacob Thomas NEW YORK and DULUTH, Ga. , Nov. 1, 2024 /PRNewswire/ -- American Industrial Partners ("AIP"), an industrials investor, today announced the completion of its acquisition of AGCO Corporation's (NYSE: AGCO) Grain & Protein division, which produces grain storage and seed processing solutions as well as feeding, watering, climate management and control systems for worldwide protein production, principally poultry, swine, and egg.

AMERICAN INDUSTRIAL PARTNERS COMPLETES ACQUISITION OF AGCO'S GRAIN & PROTEIN BUSINESS

DULUTH, Ga. , Nov. 1, 2024  /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, has completed the previously announced divestiture of the majority of its Grain & Protein business to American Industrial Partners ("AIP") effective November 1, 2024, in an all-cash transaction valued at approximately $700 million.

AGCO Completes Divestiture of Grain & Protein Business

Agco (AGCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Agco (AGCO) Q3 Earnings Expected to Decline

DULUTH, Ga. , Oct. 24, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on December 16, 2024, to all stockholders of record as of the close of business November 15, 2024.

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