AGCO reports record Q3 net sales of $3.1B, EPS $3.18; reaffirms FY guidance

AGCO CORP /DE

2022-Q3 EPS reported $7.58 revenue$8,752,500,000

Net sales $3.1B, up 14.5% YoY (26.3% ex-currency); North America sales +42.6%, South America +49.0%.
Reported and adjusted EPS of $3.18, vs $2.40 and $2.41 respectively in Q3 2021.
Record operating margin 10.6%, expanded 140 bps; South America margin 18.8%.
Reaffirms FY 2022 net sales $12.5-$12.6B and adjusted EPS $11.70-$11.90.
Order books extended into 2023; healthy farm income supports demand despite supply chain issues.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AGCO CORP /DE reported the first nine months of 2022 results: revenue $8.8 billion, EPS $7.58 per share. Guidance reaffirmed.

Period: the first nine months of 2022
Revenue: $8.8 billion
EPS: $7.58 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales for the first nine months of 2022 were approximately $8.8 billion, an increase of approximately 9.6% compared to the same period in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AGCO CORP /DE reported the third quarter ended September 30, 2022 results: revenue $3.1 billion, EPS $3.18 per share. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $3.1 billion
EPS: $3.18 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales for the third quarter were approximately $3.1 billion, an increase of approximately 14.5% compared to the third quarter of 2021.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

AGCO CORP /DE filing history →

Source: SEC EDGAR

accession 0000880266-22-000042

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