AGCO (AGCO) FY Conference Summary Company Overview - **Company**: AGCO Corporation - **Event**: Oppenheimer's twentieth annual industrial growth conference - **Date**: May 06, 2025 Key Financial Highlights - **Q1 Net Sales**: Over $2 billion [4] - **Adjusted Operating Margins**: 4.1% [4] - **Adjusted Earnings Per Share (EPS)**: 41¢, exceeding expectations [5] - **Full Year Sales Outlook**: $9.6 billion [5] - **Operating Margins Guidance**: 7% to 7.5% [5] - **EPS Guidance**: $4 to $4.50 [5] - **Production Guidance**: Expected to decrease by 15% to 20% for the full year [5] Market Dynamics and Challenges - **Tariff Impact**: Current tariffs are expected to remain in effect, impacting costs and pricing strategies [12][24] - **Foreign Currency Exposure**: Initially a 3% headwind from the euro, now expected to be flat, providing a potential 40¢ earnings pickup [10] - **Market Weakness**: North American markets are weaker than anticipated, with a revised outlook for large agriculture down 25% to 30% [20] Regional Insights Europe - **Market Share**: AGCO holds around 20% market share in Europe, with higher shares in specific countries like Germany (mid to upper 30s) [51] - **Dealer Inventory**: Optimal inventory levels are just under four months, with production aligned with retail demand [15] - **Resilience**: Europe is viewed as a resilient market, accounting for over 50% of AGCO's sales and 60% of operating income [50] South America - **Inventory Reduction**: Dealer inventory reduced from five months to just under four months, with a goal of reaching three months by Q2 [17] - **Market Sentiment**: Positive sentiment due to record soybean harvests and geopolitical trade tensions benefiting Brazilian farmers [19] - **Retail Market Outlook**: Changed from flat to up 5% [19] North America - **Production Cuts**: Production down over 50% in Q1, expected to remain low in Q2 [22] - **Dealer Inventory**: High dealer inventory levels (around nine months) are being addressed through production cuts [20] - **Market Challenges**: The industry is facing significant challenges, with a need to align production with retail demand [20] Tariff Exposure and Mitigation Strategies - **Primary Tariff Exposure**: 10% tariff on EU-sourced products is the largest exposure, with 35% of North American revenue coming from imported products [24][25] - **Mitigation Efforts**: AGCO is exploring cost mitigation through supplier negotiations and potential pricing adjustments across its product portfolio [35][36] Technology and Growth Strategies - **Precision Agriculture Goals**: Targeting to double precision ag revenue to $2 billion by 2029 through geographic expansion and new product introductions [67] - **Autonomous Technology**: Introduction of retrofit applications for autonomous equipment, enhancing productivity for farmers [72] - **Market Positioning**: Strong focus on technology adoption in Brazil, with significant growth potential in precision planting and related technologies [48] Conclusion - AGCO is navigating a complex market environment with a strong focus on maintaining production efficiency, managing tariff impacts, and leveraging technology for growth. The company remains optimistic about its long-term prospects, particularly in resilient markets like Europe and emerging opportunities in South America.

DULUTH, Ga., May 2, 2025 /PRNewswire/ -- AGCO (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 Oppenheimer 20th Annual Industrial Growth Conference on Tuesday, May 6, 2025. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 11:15 a.m. Eastern Time. Investors may listen to a live webcast of the presentation by accessin ...

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, 2025 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 ...

For the quarter ended March 2025, Agco (AGCO) reported revenue of $2.05 billion, down 30% over the same period last year. EPS came in at $0.41, compared to $2.32 in the year-ago quarter.The reported revenue represents a surprise of +1.46% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being $0.03, the EPS surprise was +1266.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

AGCO (AGCO) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Greg Peterson - VP, IREric Hansotia - Chairman, President & CEODamon Audia - Senior VP & CFOJamie Cook - Managing Director - Equity ResearchKristen Owen - Managing DirectorJerry Revich - Senior Investment Leader & Head of US Machinery, Infrastructure, Sustainable Tech franchiseStephen Volkmann - Managing DirectorTami Zakaria - Executive Director Conference Call Participants Kyle Menges - Vice President - Equity Research AnalystS ...

AGCO (AGCO) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Greg Peterson, AGCO Head of Investor Relations. Please go ahead. Speaker1 Thanks, and good morning. Welcome to those of you joining us for AGCO's first quarter twenty twenty five earnings call. We will refer to a slide presentation this morning that's posted to our website at www.agcucorp.com. The non GAAP measures used in the slide presentation are re ...

Agco (AGCO) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $2.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1,266.67%. A quarter ago, it was expected that this farm equipment maker would post earnings of $1.80 per share when it actually produced earnings of $1.97, delivering a surprise of 9.44%.Over the last four quarters, the comp ...

NEWS RELEASE For Immediate Release Thursday, May 1, 2025 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 DULUTH, GA – May 1 – AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.1 billion for the first quarter ended March 3 ...

FIRST QUARTER 2025 *Reflects non-GAAP measures. See reconciliations provided in the appendix to this presentation. **Except per share amounts Financial and Operational Results May 1, 2025 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 a ...

Net sales of $2.1 billion, down 30.0% year-over-year Reported earnings per share of $0.14 and adjusted earnings per share(1) of $0.41 Full-year guidance affirmedDULUTH, Ga., May 1, 2025 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $2.1 billion for the first quarter ended March 31, 2025, a decrease of 30.0% compared to the first quarter of 2024. Reported net income was $0.14 per sha ...