AGCO Q1 EPS falls to $2.25; announces $2.50 special dividend; closes PTx Trimble JV

AGCO CORP /DE

2024-Q1 EPS reported $2.25 revenue$2,928,700,000

Net sales $2.9B (-12.1% YoY); reported EPS $2.25, adjusted EPS $2.32 (vs $3.10/$3.51 Q1 2023).
Regional sales declines: N.America -21.3%, S.America -42.1%, EME +0.1%, APA -15.5% (constant currency).
Closed PTx Trimble JV (85% stake) on April 1; consolidated going forward.
Announced variable special dividend of $2.50/share on April 25.
FY2024 outlook: net sales ~$13.5B, adj op margin ~11.3%, adj EPS ~$12.00.

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 0.95

AGCO CORP /DE reported the first quarter ended March 31, 2024 results: revenue $2.9 billion, net income $2.25 per share, EPS $2.25.

Period: the first quarter ended March 31, 2024
Revenue: $2.9 billion
Net income: $2.25 per share
EPS: $2.25
Result: reported results

Exact text from the filing

AGCO REPORTS FIRST-QUARTER RESULTS • Net sales of $2.9 billion, down 12.1% • Reported earnings per share of $2.25 and adjusted earnings per share (1) of $2.32

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

AGCO CORP /DE filing history →

Source: SEC EDGAR

accession 0000880266-24-000036

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.