AGCO
AGCO Corporation106.46
-1.87-1.73%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.94BP/E (TTM)
21.21Basic EPS (TTM)
5.02Dividend Yield
0.01%Recent Filings
10-Q
Q3 FY2025 results
AGCO's Q3 revenue dipped 4.7% y/y to $2.5B, yet operating income climbed 32% to $152M on tighter costs and Europe/Middle East strength, where sales surged 28% y/y amid high-horsepower tractor demand. Gross margins expanded to 26.1% from 23.2%, while diluted EPS rocketed to $4.09 from $0.40, boosted by a $252M gain on the TAFE stake sale. YTD, revenue fell 18% to $7.2B but swung to $631M profit from a $169M loss, with free cash flow at $65.2M (derived) and cash at $884M against $2.8B long-term debt. The PTx Trimble JV, closed April 2024 for $1.9B cash, added $1.6B goodwill and $625M intangibles over 2-20 years. Still, North America sales plunged 32% y/y on weak demand. Tariffs loom as a persistent drag.
8-K
AGCO Q3 sales dip, outlook rises
AGCO reported Q3 net sales of $2.5 billion, down 4.7% year-over-year amid tough farm economics and high rates, yet Europe/Middle East surged 27.5% to drive growth. Adjusted EPS hit $1.35, boosted by a $260 million TAFE stake sale yielding $230 million after-tax; North America plunged 32.1% on weak demand. Full-year outlook lifted to $9.8 billion sales and $5.00 adjusted EPS. Tariffs pose risks to projections.
8-K
AGCO sells TAFE stake
AGCO Corporation finalized the sale of its ownership stake in TAFE to TAFE itself on September 30, 2025, under a June 30 buyback agreement, netting $260 million gross and about $230 million after taxes. This triggered new agreements with TAFE while ending a 2019 letter agreement, streamlining AGCO's partnerships. Proceeds bolster liquidity. Yet, integration risks linger.
8-K
AGCO Q2 sales drop, outlook raised
AGCO reported Q2 net sales of $2.6 billion, down 18.8% year-over-year amid weak farm economics and inventory reductions, yet adjusted EPS hit $1.35 through cost controls and restructuring. North America sales plunged 32.9%, while Europe/Middle East dipped 5.1%; strong cash flow persists. Full-year outlook lifts to $9.8 billion in sales and $4.75-$5.00 EPS. Tariffs pose risks to projections.
10-Q
Q2 FY2025 results
AGCO's Q2 revenue fell 18.8% y/y to $2.635B, driven by lower volumes amid soft farm demand and the Grain & Protein divestiture, yet gross margins held at 25.0% despite production cuts. Operating income swung to $164M from a $242M loss, boosted by reduced engineering and restructuring costs, while a $255M tax benefit from entity reorganization propelled diluted EPS to $4.22, up from a $4.92 loss (derived from 74.6M shares). Cash climbed to $784M with $154M operating inflow, supporting $2.96B long-term debt and $875M revolver availability; free cash flow not disclosed in the 10-Q. Europe/Middle East, over two-thirds of sales, dipped 5.1% y/y but remains a bright spot. Tariffs cloud input costs.
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