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AGCO issues 10-year suspensions and $40,000 monetary penalties to Richard Moreau and Sylvain Filion for presence of DPO in racehorse
GlobeNewswire News Room· 2024-11-01 22:00
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. The AGCO received a Certificate of Analysis confirming the presence of the non-therapeutic drug darbepoetin alfa (DPO) for the horse FUNTI ...
AMERICAN INDUSTRIAL PARTNERS COMPLETES ACQUISITION OF AGCO'S GRAIN & PROTEIN BUSINESS
Prnewswire· 2024-11-01 21:06
Rebranded Grain & Protein Technologies, the new standalone entity will be led by accomplished industrial manufacturing leader Jacob ThomasNEW 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 pro ...
AGCO Completes Divestiture of Grain & Protein Business
Prnewswire· 2024-11-01 21:00
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."Divesting of Grain & Protein is a significant milestone in AGCO's strategic transformation, ...
Earnings Preview: Agco (AGCO) Q3 Earnings Expected to Decline
ZACKS· 2024-10-29 23:06
The market expects Agco (AGCO) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...
AGCO Corporation - Improving Returns Came From Efficiency Improvements
Seeking Alpha· 2024-10-24 13:17
文章核心观点 - 过去10年,AGCO公司(纽约证券交易所代码:AGCO)成功提高了其收益率 [1] - 这主要来自于改善了营业利润率,体现在毛利率提高和销售管理费用率下降 [1] - 这是一个重要的优势,因为行业竞争激烈 [1] 公司表现 - 过去10年,AGCO公司的营业利润率有所提高 [1] - 这主要得益于毛利率的提高和销售管理费用率的下降 [1] 行业情况 - 农业机械行业竞争激烈 [1]
New Strong Sell Stocks for October 14th
ZACKS· 2024-10-14 21:25
Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:AGCO Corporation (AGCO) is an agricultural equipment manufacturing company. The Zacks Consensus Estimate for its current year earnings has been 6.7% downward over the last 60 days.Arch Resources, Inc. (ARCH) is a producer and seller of metallurgical products. The Zacks Consensus Estimate for its current year earnings has been revised 38.5% downward over the last 60 days.Dillard's, Inc. (DDS) is a large fashion retailing company. The ...
AGCO ANNOUNCES THIRD-QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL
Prnewswire· 2024-10-14 21:00
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. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at www.agcocorp.com under the "Investors" Section.The webcast ...
AGCO moves to suspend liquor licence of Boston Pizza in St. Catharines for liquor service violations leading to fatal car crash
GlobeNewswire News Room· 2024-10-11 01:12
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. On December 17 and into the early hours of Decemb ...
AGCO Launches Employee Relief Fund to Support its Global Team in Times of Crisis
Prnewswire· 2024-10-03 20:04
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.Underscoring AGCO's commitment to enhancing its employee health and wellbeing offerings, the fund provides rapid assistance in the wake of significant crisis events such as natural disasters."We were inspired to launch the AGCO Employee Relief Fund following the devast ...
AGCO Agriculture Foundation Launches Call for Applications for Grant Cycle
Prnewswire· 2024-10-02 01:34
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. For this Call for Applications for Grant (CAG), the Foundation is primarily focused on funding requests that support the next generation ...