8-K
filed February 6, 2024, 6:59 PM ET
ticker AGCO
CIK 0000880266
earnings
confidence high
sentiment positive
materiality 0.85
AGCO reports record full-year net sales of $14.4B; guides 2024 EPS ~$13.15
AGCO CORP /DE
2023-FY EPS reported
$15.63
revenue$14,412,400,000
- Full-year reported EPS $15.63, adjusted $15.55; operating margin 11.8% (reported), 12.0% (adjusted).
- Q4 net sales $3.8B (-2.5% YoY); reported EPS $4.53, adjusted $3.78 vs $4.29/$4.47 a year ago.
- North America Q4 sales +8.3% YoY; South America -38.9% on funding shortfalls; EME +3.3%.
- 2024 outlook: net sales ~$13.6B, EPS ~$13.15, operating margin ~11% on lower industry demand.
- Full-year industry retail tractor sales: North America -3%, South America -8%, Western Europe -4%.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AGCO CORP /DE reported the full year of 2023 results: revenue $14.4 billion, EPS $15.63 per share.
- Period
- the full year of 2023
- Revenue
- $14.4 billion
- EPS
- $15.63 per share
- Result
- reported results
Exact text from the filing
Net sales for the full year of 2023 were approximately $14.4 billion, which is an increase of 13.9% compared to 2022. Excluding favorable currency translation impacts of 0.1%, net sales for the full year of 2023 increased 13.8% compared to 2022. For the full year of 2023, reported net income wa s $15.63 per share, and adjusted net income (3) was $15.55 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AGCO CORP /DE reported 2024 full year results: revenue ~$13.6 billion, EPS ~$13.15. Guidance initiated.
- Period
- 2024 full year
- Revenue
- ~$13.6 billion
- EPS
- ~$13.15
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Introduces outlook for 2024 full year net sales of ~$13.6 billion and earnings per share of ~$13.15
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
AGCO CORP /DE reported the fourth quarter of 2023 results: revenue $3.8 billion, EPS $4.53 per share.
- Period
- the fourth quarter of 2023
- Revenue
- $3.8 billion
- EPS
- $4.53 per share
- Result
- reported results
Exact text from the filing
AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, reported net sales of $3.8 billion for the fourth quarter of 2023, a decrease of 2.5% compared to the fourth quarter of 2022. Reported net income was $4.53 p er share for the fourth quarter of 2023, and adjusted net income (3) was $3.78 per share.
View on SEC.gov
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.