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.

Earnings data Q4 2020

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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.

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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.

AGCO ANNOUNCES QUARTERLY DIVIDEND

AGCO Corporation - Improving Returns Came From Efficiency Improvements

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DULUTH, Ga. , Oct. 14, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its third-quarter 2024 earnings release conference call is scheduled for Tuesday, November 5 at 10 a.m.

AGCO ANNOUNCES THIRD-QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal (NOP) for a 60-day liquor sales licence suspension of Boston Pizza at 333 Ontario Street in St. Catharines, Ontario. Following a review, the AGCO has reason to believe the licence holder is responsible for several violations of the Liquor Licence and Control Act, 2019 (LLCA) and its Regulations, contributing to a fatal vehicle crash.

AGCO moves to suspend liquor licence of Boston Pizza in St. Catharines for liquor service violations leading to fatal car crash

DULUTH, Ga. , Oct. 3, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, is pleased to announce the launch of the AGCO Employee Relief Fund.

AGCO Launches Employee Relief Fund to Support its Global Team in Times of Crisis

The Foundation Seeks Proposals from Nonprofits to Support Youth-Led and High-Impact Innovations for Sustainable Agri-Food Systems  DULUTH, Ga. , Oct. 1, 2024 /PRNewswire/ -- Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, is seeking applications for its grant program.

AGCO Agriculture Foundation Launches Call for Applications for Grant Cycle

CHENNAI, India--(BUSINESS WIRE)--Tractors and Farm Equipment Limited (“TAFE” or “we”) today announced that it has filed a contempt petition against AGCO Corporation (NYSE: AGCO) (“AGCO” or the “Company”) for violating an interim status quo order from the Commercial Court in Chennai by attempting to terminate TAFE's right to use the Massey Ferguson brand in India. TAFE's case regarding its ownership of the Massey Ferguson brand is ongoing in the Madras High Court. In connection with the legal ac.

TAFE Asserts Rightful Ownership of Massey Ferguson Brand in India and Files Contempt of Court Petition Against AGCO

DULUTH, Ga. , Sept. 30, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today issued the following statement in response to the letter issued by Tractors and Farm Equipment Limited ("TAFE"): TAFE's interests are fundamentally misaligned with AGCO shareholders, and its letter today is just the latest tactic in its ongoing, self-serving campaign.

AGCO Comments on Letter From TAFE

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 issued the following open letter to its fellow shareholders. *** September 30, 2024 Fellow Shareholders, Tractors and Farm Equipment Ltd. (together with certain of its affiliates, “TAFE” or “we”) is the la.

TAFE Issues Letter to AGCO Shareholders Outlining Opportunities for Improved Corporate Governance and Enhanced Value Creation

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PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating AGCO Corporation (NYSE: AGCO) on behalf of the company's shareholders. Since April 2024, shares of AGCO's stock have declined from a trading price of over $125.00 per share to a current value of under $92.00 per share, a decline of over $33.00 per share, or over 26% in value. The investigation seeks to determine whether AGCO and/or the company's officers and directors violated the securities laws or breached their.

Kaskela Law LLC Announces Stockholder Investigation of AGCO Corp. (NYSE: AGCO) and Encourages Investors to Contact the Firm

TORONTO, Aug. 31, 2024 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued an immediate liquor licence suspension for Club 33, located at 33 Bowen Street in Hamilton. In the early hours of August 25, 2024, Hamilton Police were alerted to a shooting that occurred next to Club 33.

AGCO immediately suspends the liquor licence of Hamilton's Club 33 following latest violent incidents

TORONTO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- On Friday, August 16, 2024, the Alcohol and Gaming Commission of Ontario (AGCO) conducted an unannounced inspection at Mabelle Tuck Shop located at 24 Mabelle Avenue in the City of Toronto. The regulator had received information that various alcohol products were seen to be available for sale at the store.

AGCO moves to suspend the alcohol retail licence and lottery retailer registration of Toronto convenience store Mabelle Tuck Shop for violations of Ontario's liquor retail market rules

Available for order in August 2024, the 600 Vario strikes the perfect balance between power and versatility. At a Glance: the Fendt® 600 Vario® Tractor Available in four models (614 Vario, 616 Vario, 618 Vario and 620 Vario) ranging from 149 to 209 rated-engine hp.

AGCO Brings Fendt® 600 Vario® Tractor to North America

DULUTH, Ga., Aug. 26, 2024 (GLOBE NEWSWIRE) -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, announces the North American debut of the Massey Ferguson ® 9S Series tractor.

Massey Ferguson 9S Series Tractor Brings Efficiency and Dependability to Your Farm

DULUTH, Ga. , Aug. 26, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the 12th Annual Morgan Stanley Laguna Conference on Thursday, September 12, 2024.

AGCO to Present at the 12th Annual Morgan Stanley Laguna Conference

MF 9S SERIES HELPS FARMERS WHO DEMAND MORE ACHIEVE A BETTER OVERALL COST OF OWNERSHIP DULUTH, Ga. , Aug. 26, 2024  /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, today announced the North American debut of the Massey Ferguson ® 9S Series tractor.

MASSEY FERGUSON® 9S SERIES TRACTOR BRINGS EFFICIENCY AND DEPENDABILITY TO YOUR FARM

DULUTH, Ga. , Aug. 23, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will launch new products and highlight its many farmer-focused solutions at the 2024 Farm Progress Show in Boone, Iowa, on August 27-29.

AGCO to Launch New Products and Display Farmer-Focused Solutions at 2024 Farm Progress Show

DULUTH, Ga. , Aug. 23, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in Citi's 2024 Global TMT Conference on Thursday, September 5, 2024.

News for AGCO Stock (AGCO)