Company Performance - Agco reported quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $1.07 per share, and a significant decline from $3.97 per share a year ago, representing an earnings surprise of -36.45% [1] - The company posted revenues of $2.6 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 10.37%, and down from $3.46 billion year-over-year [2] - Over the last four quarters, Agco has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Outlook - Agco shares have declined approximately 19.4% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The current consensus EPS estimate for the upcoming quarter is $1.91 on revenues of $3.37 billion, and for the current fiscal year, it is $7.87 on revenues of $12.45 billion [7] Industry Context - The Manufacturing - Farm Equipment industry, to which Agco belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1, highlighting the potential impact of industry performance on Agco's stock [8]

THIRD QUARTER 2024 Financial and Operational Results November 5, 2024 2 SAFE HARBOR Forward-looking statements in this presentation, including statements about our strategic plans and initiatives as well as their financial impacts, demand, product development and capital expenditure plans and timing of those plans and our expectations with respect to the costs and benefits of those plans and timing of those benefits, future revenue, crop production and farm income, production levels, price levels, margins, ...

Exhibit 99.1 NEWS RELEASE | --- | --- | |----------------------------------------------|-------------------------------------------------------| | | For Immediate Release | | | Tuesday November 5, 2024 | | INVESTOR CONTACT: | MEDIA CONTACT: | | Greg Peterson VP, Investor Relations | Rachel Potts VP, Chief Communications Officer | | 404-403-6042 | 678-654-7719 | | greg.peterson@agcocorp.com | rachel.potts@agcocorp.com | AGCO REPORTS THIRD-QUARTER RESULTS • Net sales of $2.6 billion, down 24.8% year-over-year ...

Net sales of $2.6 billion, down 24.8% year-over-year Reported earnings per share of $0.40 and adjusted earnings per share(1) of $0.68 Reaffirms full-year adjusted operating margin target of 9% Revised 2024 sales and earnings per share outlook reflects the Grain and Protein divestitureDULUTH, Ga., Nov. 5, 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 $2.6 billion for the third q ...

Core Insights - AGCO Agriculture Foundation donated USD $50,000 to support the Hurricane Relief Fund for Georgia farmers affected by Hurricane Helene [1][2] - The Hurricane Relief Fund aims to raise a total of $1 million to provide immediate assistance to farmers, with all donations going directly to those in need [3] Company Overview - AGCO Corporation is a global leader in agricultural machinery and precision ag technology, with net sales of approximately $14.4 billion in 2023 [4] - The AGCO Agriculture Foundation, established in 2018, focuses on preventing hunger and supporting sustainable agricultural development [5]

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 ...

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 ...

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, ...

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 ...

Over the past decade, AGCO Corporation (NYSE: AGCO ) has managed to improve its returns. This came from improving operating margins, as reflected by better gross profit margins and lower SGA margins. This is an important edge as theBSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional perspective having served ...