AGCO (AGCO) - 2024 Q2 - Quarterly Results

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 ...