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. This fund investment is the first executed by AGCO's recently launched corporate venture capital initiative, AGCO Ventures. The deal aligns with AGCO's approach to support the next generation of farming through advanced s ...

Scharfsinn86/iStock via Getty Images The global agricultural sector is at a technological tipping point. Advances in automation and precision farming are rapidly disrupting traditional production processes and forcing producers to adapt to stay competitive. While small-scale producers who lack financial strength and technological know-how may struggle to keep pace with rapidly evolving technologies, this paradigm shift promises to meaningfully enhance productivity and profitability across the agricultural i ...

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. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024. The conference will include a fireside chat with Eric Hansotia, Chairman, President and Chief Executive Officer, and Damon Audia, Senior Vice President and Chief Financial Of ...

Arrangement Also Allows Employees, Dealers and Others to Directly Support Response EffortDULUTH, 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. M ...

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 ...

☒ 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 _________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q 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 ...

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 ...