---
schema_version: "secwatch.filing_event.v1"
accession: "0000880266-24-000008"
form_type: "8-K"
ticker: "AGCO"
cik: "0000880266"
company_name: "AGCO CORP /DE"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:48:50.330344+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AGCO reports record full-year net sales of $14.4B; guides 2024 EPS ~$13.15

## Summary
- 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%.

## SEC filing metadata
- accession: 0000880266-24-000008
- form_type: 8-K
- ticker: AGCO
- cik: 0000880266
- company_name: AGCO CORP /DE
- filed_at: 2024-02-06T23:59:59+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/880266/000088026624000008/0000880266-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880266/000088026624000008/agco-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000880266-24-000008
- JSON: https://secwatch.observer/filing/0000880266-24-000008.json
- Plain text: https://secwatch.observer/filing/0000880266-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026624000008/0000880266-24-000008-index.htm
- Earnings Releases
  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
  source text: Introduces outlook for 2024 full year net sales of ~$13.6 billion and earnings per share of ~$13.15
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026624000008/0000880266-24-000008-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026624000008/0000880266-24-000008-index.htm

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