Agco Corp Stock Price, News & Analysis

The AGCO Agriculture Foundation has announced a USD 250,000 grant to Heifer Netherlands aimed at enhancing the sustainability and productivity of smallholder dairy farming in Nepal. This partnership, chosen from numerous applications, is part of AAF's climate campaign and will focus on climate-smart farming techniques to reduce greenhouse gas emissions while improving dairy output for 100 households and 500 family members over two years. The initiative supports the foundation's mission to combat hunger through sustainable agriculture.

The AGCO Agriculture Foundation (AAF) has announced a CHF 195,000 donation to Bern University of Applied Sciences to support a three-year project aimed at enhancing crop production efficiency through innovative non-tillage weed control methods using lightweight field robots. The initiative seeks to address weed management challenges exacerbated by climate change, aiming to improve sustainability in agriculture. The project will involve student engagement for research on sustainability, with findings intended to benefit farmers and agricultural stakeholders in Central Europe.

AGCO (NYSE:AGCO), a global leader in agricultural equipment, announced participation in William Blair’s Virtual 2022 What’s Next for Industrials Conference on September 23, 2022. Senior VP Seth Crawford will present at 10:00 a.m. E.T.. The presentation can be accessed via a live webcast from their Investors section on the AGCO website, with an archived version available afterward. Established in 1990, AGCO generated approximately $11.1 billion in net sales in 2021, offering brands like Challenger®, Fendt®, and Massey Ferguson®.

AGCO, a global leader in agricultural machinery and technology, will participate in the 2022 Morgan Stanley Laguna Conference on Thursday, September 15, 2022. The event will feature a fireside chat with Damon Audia, Senior VP and CFO, and Andy Beck, Senior VP and former CFO, at 10:30 a.m. P.T. Investors can access the live webcast on AGCO's investor relations website, which will also be archived post-event. AGCO reported net sales of approximately $11.1 billion in 2021 and offers various brands, including Challenger® and Massey Ferguson®.

Universal Technical Institute (UTI) addresses the demand for agricultural technicians through its Fendt Technician Academy, a 12-week training program at the Lisle campus, Illinois, with over 40 students enrolled since Fall 2021. Supported by 42 North American Fendt dealers, graduates are sought after as employees, with Holt AG Solutions hiring six graduates. The program, funded by Fendt, includes hands-on training and certifications in hydraulic systems, engine technology, and FUSE^® systems, requiring a one-year employment commitment at a Fendt dealer upon graduation.

AGCO Corporation (NYSE: AGCO) is launching Fendt & Luke Bryan’s Boldly Grown Popcorn on August 25, available in two flavors: Bold Butter and Chart Toppin’ Churro. The popcorn will be sold exclusively at BoldlyGrownGoods.com for $5.00 per bag. A portion of the sales will support the Future Farmers of America, with a donation of $25,000 pledged once supplies run out. This collaboration reflects AGCO's commitment to agriculture and community support.

AGCO, a leader in agricultural equipment, announced its participation in the 2022 Jefferies Industrials Conference on August 10, 2022. Andy Beck, Senior Vice President, will present at 1:30 p.m. E.T.. Investors can access a live webcast of the presentation via the company's Investors section; the presentation will be archived post-event. AGCO reported $11.1 billion in net sales for 2021 and offers brands like Challenger®, Fendt®, and Massey Ferguson®.

AGCO reported second-quarter 2022 net sales of approximately $2.9 billion, a 2.3% increase year-over-year, boosted by core sales growth of 9.8% after adjusting for currency impacts. The reported net income was $2.37 per share, down from $3.73 in the same quarter last year. For the first half of 2022, AGCO achieved sales of approximately $5.6 billion, up 7.1%. Regional highlights include significant sales growth in South America (86.6%) but declines in Europe/Middle East (10.3%). Full-year adjusted earnings per share guidance remains at $11.70 to $11.90.

AGCO announced the retirement of Hans-Bernd Veltmaat as Chief Supply Chain Officer, effective December 31, 2022. Tim Millwood will succeed him, effective August 15, 2022. Millwood joins AGCO with over thirty years of experience at Cummins Inc, where he was Vice President of Global Manufacturing. AGCO's Chairman Eric Hansotia praised Veltmaat's contributions to transforming AGCO's manufacturing network. AGCO, headquartered in Duluth, Georgia, reported net sales of approximately $11.1 billion in 2021.