Core Insights - AGCO reported a significant decline in net sales for Q4 2024, totaling $2.9 billion, a decrease of 24.0% compared to Q4 2023, with a reported net loss of $(3.42) per share [1][2] - For the full year 2024, net sales were approximately $11.7 billion, down 19.1% from 2023, with a reported net loss of $(5.69) per share [2][7] - The company achieved an adjusted operating margin of 9.9% in Q4 2024, despite challenging market conditions and a 33% reduction in production hours [3][6] Financial Performance - Q4 2024 net sales were $2,887.3 million, down from $3,800.7 million in Q4 2023, with a gross profit of $688.7 million [24] - Full-year 2024 net sales were $11,661.9 million, compared to $14,412.4 million in 2023, with a gross profit of $2,899.1 million [25] - The company recorded impairment charges of $364.2 million in Q4 2024, contributing to a loss from operations of $(268.8) million [24][25] Regional Sales Performance - North American net sales decreased by 24.0% in 2024, with significant declines in high-horsepower and mid-range tractor categories [13] - South American net sales fell by 41.1% in 2024, primarily due to lower sales of high-horsepower tractors and combines [14] - Europe/Middle East region saw a 10.9% decrease in net sales for 2024, with declines in mid-range and high-horsepower tractors [15] Market Dynamics - The agricultural market is facing challenges, including fluctuating prices for key crops and geopolitical instability affecting supply chains [6] - North American industry retail tractor sales decreased by 13% in 2024, while combine unit sales dropped by 22% [5][6] - Brazil's tractor sales decreased by 4% in 2024, with mixed market dynamics expected to persist into 2025 [7][9] Strategic Outlook - AGCO plans to continue its Farmer-First strategy in 2025, focusing on cost control and investments in technology to enhance resilience [3][17] - The company anticipates net sales of approximately $9.6 billion for 2025, with earnings per share targeted between $4.00 and $4.50 [17] - Adjusted operating margins are projected to be around 7% - 7.5% in 2025, reflecting ongoing cost control measures [17]

Fendt, Massey Ferguson and PTx to showcase Farmer-Focused innovations at February trade shows in California and Kentucky.DULUTH, Ga., Feb. 5, 2025 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will exhibit solutions from across its Fendt®, Massey Ferguson® and PTx™ brands in February at the 2025 World Ag Expo in Tulare, California, and the National Farm Machinery Show in Louisville, Kentucky. ...

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 December 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 Feb ...

TORONTO, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal to revoke the liquor sales licence for Savanna Lounge at 145 Besserer Street in Ottawa. As a result of the licensee’s conduct and ongoing public safety concerns, the Registrar has also ordered an immediate suspension of their licence.   At approximately 3:00 a.m. on January 12, 2025, inspectors with the AGCO and officers with the Ottawa Police Service attended the licensed premises. ...

TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal (NOP) for a 60-day liquor sales licence suspension of Mister Wolf at 567 Queen Street West in Toronto, Ontario. Following a review, the AGCO has reason to believe the licence holder contravened the Liquor Licence and Control Act, 2019 (LLCA) and its Regulations after a 19-year-old patron was discovered dead inside the establishment. The AGCO’s review established that on Saturday, Ma ...

Core Points - AGCO, a global leader in agricultural machinery and precision ag technology, will hold its fourth-quarter 2024 earnings release conference call on February 6, 2025, at 10 a.m. ET [1] - The conference call will include a slide presentation, which can be accessed on AGCO's website [1] - The webcast of the conference call will be archived for 12 months [2] Company Overview - AGCO was founded in 1990 and is headquartered in Duluth, Georgia, USA [3] - The company reported net sales of approximately $14.4 billion in 2023 [3] - AGCO offers a differentiated brand portfolio, including leading brands such as Fendt®, Massey Ferguson®, PTx, and Valtra® [3] - The company's full line of equipment and smart farming solutions aims to help farmers sustainably feed the world [3]

New farmer-focused solutions from AGCO Parts, Fendt, Precision Planting and PTx Trimble recognized for innovation and engineering excellence.DULUTH, Ga., Jan. 7, 2025 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, won five 2025 AE50 awards from the American Society of Agricultural and Biological Engineers (ASABE). Each year, ASABE recognizes products from the agricultural, food and biological i ...

Farmer-First Strategy Delivering Value for Farmers and Generating Higher Through-the-Cycle Returns for Shareholders NEW YORK, Dec. 19, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced new financial targets to investors at its 2024 Analyst Meeting as it remains focused on driving enhanced durability and profitability through the cycle. By 2029, AGCO is targeting to: Improve adjuste ...

TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) has issued a Notice of Proposal to suspend the Cannabis Retail Store Authorization for 12473291 Canada Inc., operating as Montrose Cannabis in Pickering, Ontario. The seven-day suspension has been proposed following AGCO inspections that revealed significant breaches of the Cannabis Licence Act, 2018 (CLA) and its regulations. In May, AGCO inspectors attended the retail store located at 1755 Pickering Parkway and ...

Montana operator recognized for professionalism, agronomic skills and continuous service to area farmers and communityDULUTH, Ga., Dec. 16, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, named Randy Bauwens of Town & Country Supply Association in Laurel, Montana, its 2024 Operator of the Year at the ARA Annual Conference & Expo in Houston on December 4. The annual award honors application ...