AGCO Q1 record sales $3.3B (+24% YoY), adjusted EPS $3.51, raises FY outlook, declares $5 special dividend

AGCO CORP /DE

2023-Q1 EPS reported $3.10 revenue$3,333,500,000

Record net sales of $3.3B (+24.1% YoY, +29.6% constant currency); record operating margin 11.6%.
Adjusted EPS $3.51 vs $2.39 YoY; reported EPS $3.10; all regions except APA grew constant-currency sales.
North America +32.4% constant-currency; South America +42.2%; EME +30.3%; APA -3.6%.
Raised 2023 guidance: net sales ~$14.5B, EPS ~$14.40; declared $5/share special variable dividend.
Quarterly dividend raised 21% to $0.29 per share, payable in June 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AGCO CORP /DE reported first quarter ended March 31, 2023 results: revenue approximately $3.3 billion, EPS $3.10 per share. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: approximately $3.3 billion
EPS: $3.10 per share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the first quarter were approximately $3.3 billion, an increase of approximately 24.1% compared to the first quarter of 2022.

View on SEC.gov

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

AGCO CORP /DE filing history →

Source: SEC EDGAR

accession 0000880266-23-000034

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.