Agco Corp Stock Price, News & Analysis

AGCO (NYSE: AGCO), a leading global agricultural machinery and precision ag technology company, has announced its participation in Citi's 2025 Global Industrial Tech and Mobility Conference on Wednesday, February 19, 2025. The event will feature a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, scheduled for 10:30 a.m. Eastern Time.

Investors can access a live webcast of the presentation through the 'Events' section on AGCO's Investor Relations website. The presentation will be archived and available for viewing for 12 months following the event.

AGCO has announced the appointment of Zhanna Golodryga to its Board of Directors, effective April 1, 2025. Golodryga, currently Executive Vice President of Emerging Energy and Sustainability at Phillips 66, brings extensive expertise in information technology, cybersecurity, and digital transformation.

In her role at Phillips 66, Golodryga leads Energy Transition and Decarbonization initiatives. Her previous experience includes serving as Senior Vice President and Chief Digital & Administrative Officer at Phillips 66, Chief Information Officer at Hess , and Vice President and CIO at BHP Billiton Petroleum. She currently serves on the Board of Directors of Regions Financial , chairing its Technology Committee.

AGCO (NYSE: AGCO) has launched the Massey Ferguson® SB.1436DB small square baler, a revolutionary product that produces two rows of bales per field pass. This new baler doubles the output of traditional single balers producing 14-by-18-inch bales.

Key features include a 105-inch pickup width, operation at 90 strokes per minute, and the SimplEbale™ system for automated bale density control. The baler can store 20 twine balls, enabling production of up to 8,000 bales before refilling - double the capacity of comparable balers.

The SB.1436DB is designed to address modern challenges including labor shortages and tight harvest windows, while delivering greater field performance, superior bale consistency, and increased uptime. The baler produces uniform 14-by-18-inch bales with adjustable lengths (24-52 inches), featuring independent knotter trips and automated lubrication for enhanced reliability.

TAFE, AGCO's largest shareholder with a 16.3% stake, has expressed serious concerns about AGCO's performance and governance following disappointing Q4 and 2024 results. The company highlighted major issues with the PTx Trimble acquisition, including a $354 million goodwill impairment charge (17% of purchase price) and the apparent departure of PTx Senior VP Seth Crawford.

TAFE criticized AGCO's underperforming revenue and operating margins compared to peers, questioning the company's acquisition strategy after spending $2 billion on PTx Trimble. They also noted concerns about worse-than-expected dealer inventory levels and management's inability to navigate industry downturn.

In response to AGCO's attempts to exclude TAFE's 14a-8 shareholder proposal from the 2025 Annual Meeting, TAFE has withdrawn the proposal, stating that stronger action is needed to enhance governance and protect shareholder value.

AGCO (NYSE: AGCO) and SDF have announced a strategic supply agreement to enhance AGCO's Massey Ferguson utility tractor range. Starting mid-2025, SDF will manufacture proprietary tractors with up to 85 horsepower for AGCO's global markets.

The partnership aims to strengthen Massey Ferguson's position in the low-mid horsepower tractor segment by offering various powertrain options to meet diverse customer needs. The collaboration leverages SDF's vertically integrated production system and expertise in manufacturing proprietary core components.

Key objectives include increasing customer satisfaction across regions and driving profitable growth through best-cost manufacturing and economies of scale. The transition to new offerings will begin mid-2025 through Massey Ferguson's global distribution network in a phased approach.

AGCO reported full-year 2024 financial results with net sales of $11.7 billion, representing a 19.1% decrease from 2023. The company posted a reported net loss of $(5.69) per share, while adjusted net income was $7.50 per share. Fourth-quarter net sales were $2.9 billion, down 24.0% year-over-year.

The company implemented aggressive production cuts of 33% in Q4 and achieved an adjusted operating margin of 8.9% for the full year. Regional sales declined across all markets: North America (-38.7%), South America (-31.6%), Europe/Middle East (-16.7%), and Asia/Pacific/Africa (-26.2%).

Looking ahead, AGCO reaffirmed its 2025 outlook, projecting net sales of approximately $9.6 billion and earnings per share of $4.00-$4.50. The company faces challenging market conditions, including softening global equipment demand and lower farm income for crop producers.

AGCO (NYSE: AGCO) will showcase its latest agricultural innovations at two major trade shows in February 2025: the World Ag Expo in Tulare, California (Feb 11-13), and the National Farm Machinery Show in Louisville, Kentucky (Feb 12-15).

The exhibits will feature multiple AE50 award-winning products across AGCO's brands, including Fendt's ErgoSteer retrofittable steering joystick and Momentum 30-Foot Planter, Massey Ferguson's new SB.1436DB Small Square Baler (which doubles baling output), and PTx's Radicle Agronomics automated soil laboratory.

Key highlights include the debut of Massey Ferguson's 2025 compact utility equipment lineup, Fendt's FT600 Vario tractor, and PTx's innovative solutions for planting, spraying, and soil management. AGCO will partner with AgRevolution at the Kentucky show, featuring educational sessions, technology discussions, and daily autograph sessions with Championship Tractor Pull winners.

AGCO (NYSE: AGCO), a global leader in agricultural machinery and precision ag technology, has announced that its Board of Directors has declared a regular quarterly dividend of $0.29 per common share. The dividend will be paid on March 14, 2025, to stockholders of record as of the close of business on February 14, 2025. This announcement demonstrates AGCO's commitment to providing regular returns to its shareholders through dividend payments.

AGCO has announced its upcoming fourth-quarter 2024 earnings release conference call, scheduled for Thursday, February 6 at 10 a.m. ET. The company, which specializes in agricultural machinery and precision ag technology, will present slides during the conference call.

Investors and interested parties can access both the conference call and slide presentation through AGCO's website at www.agcocorp.com in the 'Investors' section. The webcast will remain archived on the site for 12 months after the presentation.