AGCO (US:AGCO)2025-10-31 14:00Financial Performance - Net sales for Q3 2025 were $24763 million, a decrease of 47% compared to Q3 2024[7] - Operating income for Q3 2025 was $1516 million, a 321% increase compared to Q3 2024[7] - Adjusted operating income for Q3 2025 was $1850 million, a 287% increase compared to Q3 2024[7] - Year-to-date net sales in 2025 were $71618 million, an 184% decrease compared to the same period in 2024[7] - Year-to-date adjusted operating income was $4859 million, a 359% decrease compared to the same period in 2024[7] - The company generated $65 million in free cash flow through September YTD 2025[34] Market Overview - North America industry tractor sales are down approximately 10% year-to-date in September 2025 compared to 2024[9] - Brazil industry tractor sales are down approximately 29% year-to-date in September 2025 compared to 2024[9] - Western Europe industry tractor sales are down approximately 8% for tractors and up 3% for combines year-to-date in September 2025 compared to 2024[9] Strategic Initiatives - The company is executing a restructuring program expected to capture $175-200 million in expense savings[17]