AGCO Corporation (NYSE:AGCO) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Greg Peterson - Head of IR Eric Hansotia - Chairman, President and CEO Damon Audia - SVP, CFO Conference Call Participants Jamie Cook - Truist Securities Kristen Owen - Oppenheimer Stephen Volkmann - Jefferies Joel Jackson - BMO Capital Markets Mig Dobre - RW Baird Tami Zakaria - J.P. Morgan Operator Good day, and welcome to the AGCO Third Quarter 2024 Earnings Call. All participants will be in a ...

Agco (AGCO) reported $2.6 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 24.8%. EPS of $0.68 for the same period compares to $3.97 a year ago.The reported revenue represents a surprise of -10.37% over the Zacks Consensus Estimate of $2.9 billion. With the consensus EPS estimate being $1.07, the EPS surprise was -36.45%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Agco (AGCO) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $3.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.45%. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.88 per share when it actually produced earnings of $2.53, delivering a surprise of -12.15%.Over the last four quarters, the comp ...

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 ...

Funds Will Support Georgia's Farmers Recovering from Hurricane Helene's Devastating ImpactDULUTH, Ga., Nov. 4, 2024 /PRNewswire/ -- AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, donated USD $50,000 to the Georgia Foundation for Agriculture to support the Weathered But Strong: Hurricane Relief Fund. This relief fund initiative, led by over 40 of Georgia's top agricultural organizations, includin ...

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, ...