---
schema_version: "secwatch.filing_event.v1"
accession: "0000880266-24-000036"
form_type: "8-K"
ticker: "AGCO"
cik: "0000880266"
company_name: "AGCO CORP /DE"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:24:51.067026+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000880266-24-000036
- form_type: 8-K
- ticker: AGCO
- cik: 0000880266
- company_name: AGCO CORP /DE
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880266/000088026624000036/0000880266-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880266/000088026624000036/agco-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000880266-24-000036
- JSON: https://secwatch.observer/filing/0000880266-24-000036.json
- Plain text: https://secwatch.observer/filing/0000880266-24-000036.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026624000036/0000880266-24-000036-index.htm

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