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. With a commitment of $150,000 for three years, the AGCO Agriculture Foundation is dedicated to supporting farming communities across the U.S. and Canada, with an emphasis on connecting farmers to mental health resources and increasing awa ...

Have you evaluated the performance of Agco's (AGCO) international operations for the quarter ending March 2024? Given the extensive global presence of this farm equipment maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understan ...

AGCO Corp. (AGCO) delivered an adjusted EPS of $2.32 in first-quarter 2024 compared with the prior-year quarter’s $3.51. The reported figure topped the Zacks Consensus Estimate of $2.29.Including one-time items, AGCO posted an EPS of $2.25 compared with the year-ago quarter’s $3.10.Revenues decreased 12.1% year over year to $2.93 billion in the March-end quarter. The top line missed the Zacks Consensus Estimate of $2.99 billion. Excluding the favorable currency-translation impacts of 1%, net sales fell 13.1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-12930 AGCO CORPORATION (Exact name of Registrant as specified in its charter) Delaware 58-1960019 (State or other juri ...

"Farmers' reception of the Fendt brand has been spectacular, and it's a driving factor in AGCO's growth the last few years," said Eric Hansotia, AGCO Chairman, President and CEO. "The Fendt Lodge represents AGCO's commitment to farmers in North America, our faith in Fendt's very bright future and pride in our Jackson teams and community." The lodge's grand opening was celebrated over two days, including an insider's preview on April 30 that highlighted longtime Fendt farmer-customers, dealers and AGCO emplo ...

财务数据和关键指标变化 - 第一季度销售额为29亿美元,同比下降约12%,主要由于全球农机需求疲软 [14] - 综合营业利润率为9.3%,调整后为9.6%,同比下降210个基点,主要受到销量下降和营业杠杆下降的影响 [57] 各条业务线数据和关键指标变化 - 欧洲/中东地区销售额持平,受益于Fendt品牌高马力拖拉机销量增长 [51] - 南美地区销售额下降约42%,主要由于当地行业需求大幅下滑 [52][53] - 北美地区销售额下降约21%,主要受到干草设备、中马力拖拉机和收割机需求下降的影响 [54] - 亚太/非洲地区销售额下降16%,主要由于中国和澳大利亚市场需求疲软 [55] - 备件销售额同比下降5%,剔除汇率影响后下降6% [56] 各个市场数据和关键指标变化 - 北美市场2024年全年需求预计下降10% [65] - 西欧市场2024年全年需求预计下降5%-10% [66] - 南美市场2024年全年需求预计下降约20% [67] 公司战略和发展方向及行业竞争 - 公司将继续专注于三大高毛利增长引擎:Fendt品牌全球化和全系列产品推广、备件业务加速、精准农业业务增长 [35][36] - 公司完成与Trimble的合资公司PTx Trimble的交割,将提供全面的精准农业解决方案,服务于各种品牌的农机 [37][38][39][40][41][42][43][44][45][46][47] 管理层对经营环境和未来前景的评论 - 2024年农机行业需求预计将进一步下滑,公司将通过降低生产、控制成本等措施来应对 [18][29][30] - 公司看好农业行业的长期基本面,包括人口增长、饮食结构变化、生物燃料需求增加等因素 [26][27] - 公司有信心2024年的调整后营业利润率将达到历史第二高水平 [13][151] 问答环节重要的提问和回答 问题1 **Jamie Cook 提问** 询问公司对南美地区的生产和定价策略,以及该地区的利润率展望 [82][83] **Damon Audia 回答** - 公司将继续大幅减产,第二季度减产力度将更大 - 预计下半年南美地区利润率将恢复到中高个位数水平 [85][88][89] 问题2 **Kristen Owen 提问** 询问各地区的有机销量增长预期,不包括Trimble合资公司的影响 [93][94] **Damon Audia 回答** - 北美市场全年有机销量预计下降约10% - 欧洲市场全年有机销量预计下降中个位数 - 亚太地区有机销量相对稳定 - 南美市场有机销量全年预计下降约20% [95][96][97][98] 问题3 **Mig Dobre 提问** 询问Trimble合资公司的利润率假设和相关业务的变化 [123][124][125][126][127][128][129] **Damon Audia 回答** - Trimble合资公司的利润率预计维持在高20%水平 - 合资公司的收入预计将下降约100万美元,主要由于市场需求下降和CNH业务下滑 - 公司正在与经销商积极合作,推动业务平稳过渡

业绩总结 - 2024年第一季度净销售额为29.287亿美元，同比下降12.1%[3] - 第一季度毛利率为26.3%，较去年提高70个基点[3] - 第一季度营业收入为2.736亿美元，同比下降29.4%[3] - 调整后营业收入为2.808亿美元，同比下降27.8%[4] - 2024年净销售额预期约为135亿美元，调整后营业利润率约为11.3%[21] - 2024年第一季度自由现金流为4.65亿美元，较2023年减少217百万美元[17] - 2024年净收入为1.68亿美元，净收入每股为2.25美元[35] - 2023年净收入为2.32亿美元，净收入每股为3.10美元[35] - 调整后2024年净收入为1.73亿美元，调整后净收入每股为2.32美元[35] - 调整后2023年净收入为2.63亿美元，调整后净收入每股为3.51美元[35] 生产与运营 - 2024年第一季度生产量较2023年下降约16%[6] - 预计2024年全年生产量将较2023年下降12%至15%[6] - 2024年运营利润为2.736亿美元，2023年为3.873亿美元[38] - 2024年调整后运营利润为2.808亿美元，2023年为3.888亿美元[38] - 2024年运营利润率为9.3%，2023年为11.6%[38] 现金流与税务 - 2024年有效税率预期在28%至29%之间[22] - 自由现金流预计在6.75亿到9亿美元之间[41] - 预计2024年运营活动提供的净现金为11.5亿到13.75亿美元[41]

For the quarter ended March 2024, Agco (AGCO) reported revenue of $2.93 billion, down 12.1% over the same period last year. EPS came in at $2.32, compared to $3.51 in the year-ago quarter.The reported revenue represents a surprise of -2.32% over the Zacks Consensus Estimate of $3 billion. With the consensus EPS estimate being $2.29, the EPS surprise was +1.31%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.31%. A quarter ago, it was expected that this farm equipment maker would post earnings of $4.03 per share when it actually produced earnings of $3.78, delivering a surprise of -6.20%.Over the last four quarters, the company ...

Exhibit 99.1 NEWS RELEASE For Immediate Release Thursday, May 2, 2024 INVESTOR CONTACT: MEDIA CONTACT: Greg Peterson Rachel Potts VP, Investor Relations VP, Chief Communications Officer 404-403-6042 678-654-7719 greg.peterson@agcocorp.com rachel.potts@agcocorp.com AGCO REPORTS FIRST-QUARTER RESULTS • 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 • An ...