AGCO Q2 EPS $4.26 ($4.29 adj) on record sales $3.8B (+30% YoY); raises FY outlook

AGCO CORP /DE

2023-Q2 EPS reported $7.36 revenue$7,156,200,000

Record Q2 net sales $3.8B, up ~30% YoY; operating margin 13% (record).
Reported EPS $4.26, adjusted $4.29 vs $2.37/$2.38 YoY.
Raises FY2023 guidance: sales ~$14.7B, adj EPS ~$15.25.
Paid special dividend $5.00/share; increased quarterly dividend 21% to $0.29.
Regional sales growth: EME +35.7%, NA +34.7%, SA +15.3%, APA +8.2%.

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 1.0

AGCO CORP /DE reported the second quarter ended June 30, 2023 results: revenue approximately $3.8 billion, net income $4.26 per share, EPS $4.26 per share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: approximately $3.8 billion
Net income: $4.26 per share
EPS: $4.26 per share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the second quarter were approximately $3.8 billion, an increase of approximately 29.8% compared to the second quarter of 2022. Excluding unfavorable foreign currency translation of approximately 0.8%, net sales in the quarter increased approximately 30.6% compared to the second quarter of 2022. Reported net income was $4.26 per share for the second quarter of 2023, and adjusted net income (1) , which excludes restructuring expenses and an update to the estimated cost of participation in a Brazilian income tax amnesty program, was $4.29 per share.

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 0000880266-23-000048

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.