earnings
confidence high
sentiment negative
materiality 0.80
AGCO 2024 adjusted EPS $7.50, sales down 19.1%; guides 2025 EPS $4.00-$4.50
AGCO CORP /DE
2024-FY EPS reported
-$5.69
revenue$11,661,900,000
- Net sales $11.7B in 2024, down 19.1% YoY; reported EPS $(5.69) (includes impairment, restructuring, loss on Grain & Protein sale).
- Adjusted EPS $7.50 and adjusted operating margin 8.9% for 2024; Q4 adjusted EPS $1.97 vs $3.78 in Q4 2023.
- Reaffirms 2025 outlook: net sales ~$9.6B, EPS $4.00-$4.50, adjusted operating margin 7%-7.5%.
- Regional sales (constant currency full year): EME -10.9%, North America -24.7%, South America -38.6%, APA -24.0%.
- Industry retail tractor sales down: North America -13%, Brazil -4%, Western Europe -6% in 2024.