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, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
