On Feb. 6, AGCO reported fourth quarter net sales of $3.8 billion, down 2.5% year-over-year. Net sales for the full year 2023 were $14.4 billion, a 14% year-over-year increase. This was the fourth year in a row AGCO saw a year-over-year increase in net sales for the year.
Looking at 2024, AGCO is forecasting net sales of $13.6 billion, reflecting lower sales volumes, modest positive pricing and favorable foreign currency translation. This would…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
