---
schema_version: "secwatch.filing_event.v1"
accession: "0000880266-23-000069"
form_type: "8-K"
ticker: "AGCO"
cik: "0000880266"
company_name: "AGCO CORP /DE"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:20:05.297188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AGCO reports record Q3 net sales of $3.5B, raises FY adjusted EPS outlook to $15.75

## Summary
- Q3 net sales $3.5B (+10.7% YoY); reported EPS $3.74, adjusted EPS $3.97 (vs. $3.18 adj. Q3 2022).
- South America net sales +26% YoY (18.5% constant currency); regional operating margin 20.8%.
- FY 2023 guidance raised: net sales ~$14.7B, reported EPS ~$15.08, adjusted EPS ~$15.75.
- Year-to-date operating margin over 12%; robust demand and improving supply chain cited.
- Planned joint venture with Trimble for precision ag assets noted as strategic highlight.

## SEC filing metadata
- accession: 0000880266-23-000069
- form_type: 8-K
- ticker: AGCO
- cik: 0000880266
- company_name: AGCO CORP /DE
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880266/000088026623000069/0000880266-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880266/000088026623000069/agco-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000880266-23-000069
- JSON: https://secwatch.observer/filing/0000880266-23-000069.json
- Plain text: https://secwatch.observer/filing/0000880266-23-000069.txt

## Key facts
- Earnings Releases
  AGCO CORP /DE updated its full year 2023 guidance (raised).
  - Period: full year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Raises full-year operating margin and earnings per share outlook
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026623000069/0000880266-23-000069-index.htm
- Earnings Releases
  AGCO CORP /DE reported first nine months of 2023 results: revenue approximately $10.6 billion, net income $11.10 per share, EPS $11.10 per share.
  - Period: first nine months of 2023
  - Revenue: approximately $10.6 billion
  - Net income: $11.10 per share
  - EPS: $11.10 per share
  - Result: reported results
  source text: of non-GAAP measures in appendix. (2) As compared to third quarter 2022. (3) Excludes currency translation impact. Net sales for the first nine months of 2023 were approximately $10.6 billion, an increase of 21.2% compared to the same period in 2022. Excluding unfavorable currency translation impacts of 0.7%, net sales for the first nine months of 2023 increased 21.9%
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026623000069/0000880266-23-000069-index.htm
- Earnings Releases
  AGCO CORP /DE reported third quarter ended September 30, 2023 results: revenue approximately $3.5 billion, net income $3.74 per share, EPS $3.74 per share.
  - Period: third quarter ended September 30, 2023
  - Revenue: approximately $3.5 billion
  - Net income: $3.74 per share
  - EPS: $3.74 per share
  - Result: reported results
  source text: Net sales for the third quarter were approximately $3.5 billion, an increase of 10.7% compared to the third quarter of 2022. Excluding favorable foreign currency translation of 3.5%, net sales in the quarter increased 7.2% compared to the third quarter of 2022. Reported net income was $3.74 per share for the third quarter of 2023, and adjusted net income (1) , which excludes restructuring expenses, transaction-related costs and costs related to a completed divestiture, was $3.97 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026623000069/0000880266-23-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.