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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DULUTH, Ga. , June 21, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, is preparing for its annual Tech Days in North America on June 26 and 27, 2024.

AGCO Tech Days 2024 to Showcase Innovation Across the Crop Cycle Serving Farmers with Mixed Fleets Globally

New service advances FarmerCore capabilities DULUTH, Ga. , June 13, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced the launch of AgRevolution's™ same-day delivery service for machinery parts.

AGCO Dealership Launches Same-Day Parts Delivery Service

AGCO Corp (AGCO) bears the brunt of lower sales and reduced commodity prices.

AGCO Corp (AGCO) Declines 19% in a Year: What's Ailing the Stock?

DULUTH, Ga. , June 12, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today several new locations opened this year in its Production Ag and Rural Lifestyle dealership networks.

AGCO Announces New Production Ag and Rural Lifestyle Dealership Locations in 2024

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DULUTH, Ga. , June 4, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology today welcomed the announcement of Parallel Ag's merger with the A.C.

AGCO Welcomes Parallel Ag's Merger with A.C. McCartney Equipment Dealership in Illinois

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AGCO is a leading agriculture machinery and equipment manufacturer with the renowned Fendt brand in its portfolio. Due to softening demand, the stock is trading down and nears a depressed valuation. However, secular tailwinds and internal developments in the company poise in favor of a strong bull-case for  AGCO.

AGCO: Why I Am Buying

AGCO Corp (AGCO) invests in Innova Ag Innovation Fund VI to support the next generation of farming.

AGCO Corp (AGCO) Joins Innova to Support Modernized Farming

DULUTH, Ga. , May 22, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced its recent investment in the Innova Ag Innovation Fund VI of venture capital firm, Innova Memphis.

AGCO Invests in Innova Ag Innovation Fund VI to Drive the Next Generation of Farming

We view this as an opportune time to invest in agricultural technology (agritech). Specifically, we believe that leading agricultural machinery and equipment manufacturers such as Deere & Company and AGCO Corporation are well-positioned for growth. AGCO is trading at a compelling forward P/E multiple of just 8.9x, with consensus earnings estimates already fully discounting the downturn's impact for 2024.

AGCO Corporation: Our Favourite Value Pick For The Agritech Boom

DULUTH, Ga. , May 20, 2024  /PRNewswire/ -- AGCO Corporation, (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 2024 J.P.

AGCO to Present at the 2024 J.P. Morgan Global Technology, Media and Communications Conference

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Arrangement Also Allows Employees, Dealers and Others to Directly Support Response Effort DULUTH, Ga. , May 14, 2024 /PRNewswire/ -- In the wake of the catastrophic floods in the Rio Grande do Sul state in Brazil, the AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agriculture development, is donating $100,000 to the BrazilFoundation and standing up a donor advised fund for others to contribute to humanitarian assistance.

AGCO Agriculture Foundation Donates to BrazilFoundation to Support Flood Response in Southern Brazil

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DULUTH, Ga. , May 8, 2024 /PRNewswire/ -- The AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agriculture development, announced a new partnership with The Do More Agriculture Foundation.

AGCO Agriculture Foundation Partners with The Do More Agriculture Foundation to Support Farmer Mental Health

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AGCO Corp (AGCO) Q1 revenues fall year over year and miss estimates.

AGCO Corp (AGCO) Tops Q1 Earnings Estimates, Lowers '24 View

Facility will serve as the brand's official North American home and site of product launches, customer and dealer meetings, and visitors center. DULUTH, Ga.

AGCO Celebrates Grand Opening of The Fendt Lodge™ in Jackson, Minnesota

AGCO Corporation (NYSE:AGCO ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Greg Peterson – Head-Investor Relations Eric Hansotia – Chairman, President and Chief Executive Officer Damon Audia – Senior Vice President and Chief Financial Officer Conference Call Participants Jamie Cook – Truist Kristen Owen – Oppenheimer Stanley Elliott – Stifel Tami Zakaria – JPMorgan Mig Dobre – RW Baird Chad Dillard – Bernstein Operator Good day, and welcome to AGCO First Quarter 2024 Earnings Call. [Operator Instructions] Please note that this event is being recorded.

AGCO Corporation (AGCO) Q1 2024 Earnings Call Transcript

The headline numbers for Agco (AGCO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Agco (AGCO) Reports Q1 Earnings: What Key Metrics Have to Say

Agco (AGCO) came out with quarterly earnings of $2.32 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $3.51 per share a year ago.

Agco (AGCO) Beats Q1 Earnings Estimates

Net sales of $2.9 billion, down 12.1% Reported earnings per share of $2.25 and adjusted earnings per share(1) of $2.32 Closed the previously announced joint venture transaction, PTx Trimble, on April 1 Announced variable special dividend of $2.50 per share on April 25 DULUTH, Ga. , May 2, 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 $2.9 billion for the first quarter ended March 31, 2024, a decrease of 12.1% compared to the first quarter of 2023.

AGCO REPORTS FIRST-QUARTER RESULTS

DULUTH, Ga. , May 1, 2024 /PRNewswire/ -- AGCO Corporation, (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 2024 Oppenheimer Industrial Growth Conference on Monday, May 6, 2024.

News for AGCO Stock (AGCO)