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 ...

Financial Performance - Net sales for Q1 2025 were $2,050.5 million, a decrease of 30% compared to Q1 2024[7] - Gross margin for Q1 2025 was 25.4%, an increase of 90 bps compared to Q1 2024[7] - Operating income for Q1 2025 was $49.4 million, an increase of 81.9% compared to Q1 2024[7] - Diluted EPS for Q1 2025 was $0.14, compared to $(2.11) in Q1 2024[7] - Adjusted operating income for Q1 2025 was $83.4 million, an increase of 66.7% compared to Q1 2024[7] - Adjusted operating margin was 4.1%[8] - Diluted adjusted EPS was $0.41[8] - Free cash flow used in Q1 2025 was $260 million, $205 million less than Q1 2024[36] Market Overview and Production - North America tractor industry units are down 14% year-to-date in March 2025 compared to 2024[10] - Brazil tractor industry units are down 46% year-to-date in March 2025 compared to 2024[10] - Western Europe tractor industry units are up 11% year-to-date in March 2025 compared to 2024[10] - Q1 2025 production is down approximately 33% compared to 2024[17]

Core Insights - AGCO reported net sales of $2.1 billion for Q1 2025, a decrease of 30.0% compared to Q1 2024, with reported net income of $0.14 per share and adjusted net income of $0.41 per share [1][9][25] - The company is focusing on cost reduction and inventory management, having cut production hours by approximately 33% year-over-year [2][5] - Global agricultural equipment market remains volatile due to tariffs and shifting export demand for grain, despite some positive signs in farmer sentiment and commodity prices [2][5] Financial Performance - Net sales decreased by 30.0% year-over-year, with adjusted net income per share dropping from $2.32 in Q1 2024 to $0.41 in Q1 2025 [1][9][25] - Income from operations fell significantly, with a reported income of $49.4 million in Q1 2025 compared to $273.6 million in Q1 2024 [25][43] - The company affirmed its full-year guidance, projecting net sales of approximately $9.6 billion for 2025 [17] Regional Sales Performance - North America: Net sales decreased by 34.2%, with tractor sales down 14% and combine sales down 46% [10][13][5] - South America: Net sales decreased by 15.8%, but tractor sales increased by 11% [10][6] - Europe/Middle East: Net sales decreased by 22.1%, with significant declines in major markets [10][15] - Asia/Pacific/Africa: Net sales decreased by 36.0%, primarily due to weaker demand in Australia, Japan, and China [10][16] Market Trends - The agricultural equipment market is experiencing reduced demand due to high input costs and uncertain grain export demand [5][10] - Positive trends include improved farmer sentiment in Europe and rising U.S. corn prices, although these are tempered by ongoing global trade uncertainties [2][5] - Brazil's agricultural sector shows potential for growth, particularly in smaller tractor categories, despite challenges in larger equipment demand [6][5] Operational Adjustments - The company has implemented significant cost reduction measures, including a restructuring program aimed at enhancing operational efficiencies [37][40] - Inventory levels have been managed down, with a focus on improving dealer inventory in North and South America [2][5] - AGCO's operating margins are under pressure, with adjusted operating margins projected to be between 7% and 7.5% for 2025 [17]

TORONTO, April 25, 2025 (GLOBE NEWSWIRE) -- The Alcohol and Gaming Commission of Ontario (AGCO) and Woodbine Entertainment have finalized a settlement agreement following an AGCO investigation into a series of serious equine incidents in the fall of 2024. For purposes of the settlement, Woodbine is not contesting the AGCO findings, but reserves its other rights. The AGCO is committed to ensuring safe horse racing in Ontario. In line with that commitment, Woodbine has agreed to a set of enforceable actions a ...

Core Insights - Tiina Herlevi has been recognized as a 2025 Women MAKE Award recipient for her leadership in the manufacturing sector, specifically as the Director of Manufacturing for Valtra, a brand under AGCO [1][4] - The Women MAKE Awards aim to celebrate and encourage women in manufacturing, science, technology, engineering, and production careers [3] Company Overview - AGCO is a global leader in agricultural machinery and precision ag technology, with a diverse brand portfolio including Fendt®, Massey Ferguson®, PTx, and Valtra [5] - In 2024, AGCO reported net sales of approximately $11.7 billion, indicating strong financial performance [5] Leadership Impact - Tiina Herlevi has significantly influenced AGCO's operations and culture, leading to major capital investments in Finland, including a new paint shop and increased production capacity [2] - Her leadership style emphasizes collaboration, inclusivity, and mentorship, contributing to the growth of her team members [3][2] Recognition and Awards - Under Herlevi's leadership, AGCO received the Internationalization Award from the President of the Republic of Finland in 2023, highlighting the company's commitment to innovation and excellence in manufacturing [2]

TORONTO, April 16, 2025 (GLOBE NEWSWIRE) -- The Registrar of the Alcohol and Gaming Commission of Ontario (AGCO) has issued a monetary penalty totalling $120,000 against Ontario Gaming GTA Limited Partnership (“Great Canadian Casino Resort Toronto”) alleging they failed to detect a cheat-at-play and dealer collusion scheme at Great Canadian Casino Resort Toronto. In March 2024, the Ontario Provincial Police Investigation and Enforcement Bureau (IEB), embedded within the AGCO, laid charges against five indiv ...

Core Viewpoint - AGCO, a leader in agricultural machinery and precision ag technology, is set to announce its first-quarter 2025 earnings on May 1, 2025, at 10 a.m. ET, with a conference call accessible via its website [1]. Company Overview - AGCO, founded in 1990 and headquartered in Duluth, Georgia, reported net sales of approximately $11.7 billion in 2024 [3]. - The company offers a differentiated brand portfolio, including Fendt®, Massey Ferguson®, PTx, and Valtra®, providing value to farmers and OEM customers [3]. - AGCO's product line includes equipment, smart farming solutions, and services aimed at helping farmers sustainably feed the world [3]. Conference Call Details - The earnings release conference call will include a slide presentation, which can be accessed on AGCO's website under the "Investors" section [1]. - The webcast of the conference call will be archived for 12 months following the event [2].

Agco (AGCO) shares rallied 13.3% in the last trading session to close at $85.81. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 22.6% loss over the past four weeks.AGCO’s shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). AGCO has manufacturing facilities in various locations including Germany, Italy, Finland, Brazil, Argentin ...

Core Points - The Alcohol and Gaming Commission of Ontario (AGCO) has suspended the liquor sales licence of Midway Invader for 60 days due to over-serving a patron who later died in a collision after driving under the influence [1][2] - The AGCO found that the establishment violated multiple provisions of the Liquor Licence and Control Act, 2019, including serving excessive amounts of alcohol and permitting intoxication on the premises [2][6] - The AGCO emphasized the importance of responsible alcohol service and the need for proper training for staff to recognize signs of intoxication [2][4] Violations Identified - The establishment served the patron five double shots of alcohol (10 ounces) in less than half an hour, violating sections 29 and 32 of the Liquor Licence and Control Act, 2019 [6] - The licensee allowed intoxication to occur on the premises, violating Ontario Regulation 746/21, subsection 43(1) [6] - The bartender had not completed the required responsible service training course at the time of the incident, violating Interim Standard section 4.1, section 26 [6] - The establishment was found to have served alcohol after 2:00 a.m. on multiple occasions, violating Ontario Regulation 746/21, subsection 31(1) [6] Regulatory Context - The AGCO holds liquor licensees to high standards for the safe and responsible sale of alcohol, with a focus on public safety [2][4] - Licensees have the right to appeal the AGCO's actions to the Licence Appeal Tribunal (LAT) [3]

DULUTH, Ga., March 19, 2025  /PRNewswire/ -- AGCO Agriculture Foundation (the "Foundation"), a private foundation with the vision to prevent and relieve hunger through sustainable agricultural development, announced a new partnership with the Food and Agriculture Organization of the United Nations (FAO).   AAF Partners with FAO World Food Forum The Foundation is providing a USD 300,000 grant to support the World Food Forum (WFF) Youth Skills Hub program to strengthen youth skills and capacity for susta ...