Reiterates confidence in company's Board and management team to execute Farmer-First strategy; Challenges TAFE's self-serving campaignDULUTH, Ga., Aug. 7, 2024 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today issued the following statement in response to TAFE's amended 13D filing:AGCO maintains an open dialogue with all stockholders and welcomes constructive input toward the shared goal of maximizing s ...

Ballygally View Images/iStock Editorial via Getty Images The Agricultural and Farm Machinery industry has been rough on investors over the past three years. Since the start of 2021, only Deere & Company (DE) and Alamo Group (ALG) have delivered positive total returns, but both turned sharply negative shortly thereafter. In 2024, exactly zero of the eleven companies in this sector are showing positive returns. AGCO Corporation (NYSE:AGCO) has been one of the sector’s worst performers. While it has attract ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AGCO Corporation (AGCO) is an agricultural machinery company. The Zacks Consensus Estimate for its current year earnings has been revised 10.3% downward over the last 60 days.Corsair Gaming, Inc. (CRSR) is a gaming technology company. The Zacks Consensus Estimate for its current year earnings has been revised 21.1% downward over the last 60 days.DoorDash, Inc. (DASH) is an e-commerce platform provider.The Zacks Consensus Estimate for ...

AGCO Corporation (AGCO) delivered an adjusted earnings per share of $2.53 in second-quarter 2024 compared with the prior-year quarter’s $4.29. The reported figure missed the Zacks Consensus Estimate of $2.88.Including one-time items, AGCO posted a loss of $4.92 per share against the year-ago quarter’s earnings per share of $4.26.Revenues decreased 15.1% year over year to $3.25 billion in the June-end quarter. The top line missed the Zacks Consensus Estimate of $3.49 billion. Excluding the unfavorable curren ...

AGCO Corporation (NYSE:AGCO) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET Company Participants Greg Peterson - Head of Investor Relations Eric Hansotia - Chairman, President and CEO Damon Audia - SVP, CFO Conference Call Participants Jerry Revich - Goldman Sachs Tami Zakaria - JPMorgan Steven Fisher - UBS Mig Dobre - RW Baird Kyle Menges - Citigroup Kristen Owen - Oppenheimer Stephen Volkmann - Jefferies Chad Dillard - Bernstein Operator Good day. And welcome to the AGCO Second Quarter 2024 Ear ...

Agco (AGCO) came out with quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $4.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.15%. A quarter ago, it was expected that this farm equipment maker would post earnings of $2.29 per share when it actually produced earnings of $2.32, delivering a surprise of 1.31%.Over the last four quarters, the compan ...

Exhibit 99.1 NEWS RELEASE For Immediate Release Tuesday July 30, 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 SECOND-QUARTER RESULTS • Net sales of $3.2 billion, down 15.1% year-over-year • Reported earnings per share of $(4.92) and adjusted earnings per share of $2.53 • 2024 sales and earnings outlook lowered in response to further softening ...

Net sales of $3.2 billion, down 15.1% year-over-year Reported earnings per share of $(4.92) and adjusted earnings per share(1) of $2.53 2024 sales and earnings outlook lowered in response to further softening market conditions Agreement to divest the Grain & Protein business announced on July 25, 2024 DULUTH, Ga., July 30, 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 $3.2 billi ...

Investment will enable the Company to strengthen its high-quality grain / seed processing and storage solutions and its protein production systems, all critical to large-scale agriculture NEW YORK, July 25, 2024 /PRNewswire/ -- American Industrial Partners ("AIP"), an industrials investor, announced it has acquired the Grain & Protein division (the "Company") of AGCO Corporation (NYSE: AGCO), one of the world's largest designers, manufacturers and distributors of agricultural machinery and precision agricul ...

DULUTH, Ga., July 25, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners ("AIP") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments."The divestiture of Grain & Protein supports AGCO's strateg ...