AGCO files OneAg financials: $515.6M revenue, $96.8M net income; $2B deal on track

AGCO CORP /DE

OneAg generated $515.6M revenue and $96.8M net income for fiscal year ended Dec 29, 2023.
Total assets $522.0M; operating income $119.9M; operating cash flow $90.1M.
AGCO to pay $2B cash for 85% of joint venture with Trimble; Trimble retains 15%.
Closing subject to antitrust clearance; JV includes AGCO's JCA Technologies contribution.
Audited combined financial statements and unaudited pro forma statements included as exhibits.

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