AGCO (AGCO)

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AGCO (AGCO) - 2024 Q3 - Earnings Call Presentation
2024-11-05 14:07
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, ...
AGCO (AGCO) - 2024 Q3 - Quarterly Results
2024-11-05 13:52
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 ...
AGCO REPORTS THIRD-QUARTER RESULTS
Prnewswire· 2024-11-05 12:30
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 ...
AGCO Agriculture Foundation Donates $50,000 to Weathered But Strong: Hurricane Relief Fund
Prnewswire· 2024-11-04 19:14
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 ...
AGCO issues 10-year suspensions and $40,000 monetary penalties to Richard Moreau and Sylvain Filion for presence of DPO in racehorse
GlobeNewswire News Room· 2024-11-01 14:00
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 ...
AMERICAN INDUSTRIAL PARTNERS COMPLETES ACQUISITION OF AGCO'S GRAIN & PROTEIN BUSINESS
Prnewswire· 2024-11-01 13:06
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 ...
AGCO Completes Divestiture of Grain & Protein Business
Prnewswire· 2024-11-01 13:00
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, ...
Earnings Preview: Agco (AGCO) Q3 Earnings Expected to Decline
ZACKS· 2024-10-29 15:06
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 ...
AGCO Corporation - Improving Returns Came From Efficiency Improvements
Seeking Alpha· 2024-10-24 05:17
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 ...
New Strong Sell Stocks for October 14th
ZACKS· 2024-10-14 13:25
Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today:AGCO Corporation (AGCO) is an agricultural equipment manufacturing company. The Zacks Consensus Estimate for its current year earnings has been 6.7% downward over the last 60 days.Arch Resources, Inc. (ARCH) is a producer and seller of metallurgical products. The Zacks Consensus Estimate for its current year earnings has been revised 38.5% downward over the last 60 days.Dillard's, Inc. (DDS) is a large fashion retailing company. The ...