Articles Tagged with ''Eric Hansotia''

News Release

AGCO Raises Long-Term Financial Targets, Provides 2025 Outlook

December 19, 2024

The company also provided an update on its PTx data platform, which is critical to helping farmers manage operations across the mixed fleet. The first platform offering is expected to be available in 2025.

TAFE Submits Proposal to Separate Board Chair and CEO Roles at AGCO’s 2025 Annual Meeting

Believes That Requiring an Independent Chair Will Enhance Board Oversight, Increase Accountability and Improve Performance at AGCO

November 25, 2024 | Posted in Ag Equipment Business, Earnings Reports

Source: Business Wire

Today, TAFE announced that it has submitted a 14a-8 shareholder proposal for inclusion in the Company’s proxy statement for its 2025 Annual Meeting of Shareholders to request that the Company adopt a policy requiring that AGCO’s Chair of the Board of Directors (the “Board”) be an independent director.

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

November 15, 2024 | Posted in Data & Trends, Dealers & Dealerships

AGCO reported its third quarter results on Nov. 4, and noted updates in dealer consolidation, production cuts, inventory reduction targets and reduced sales in regions across the globe.

AGCO Terminates TAFE License Agreement, TAFE Responds with Letter to Shareholders

October 15, 2024 | Posted in Ag Equipment Business, Ag Equipment Worldwide

AGCO announced it had terminated a number of agreements with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE) on Sept. 30, 2024.

AGCO Reports 15% Year Decline in 2Q24 Net Sales

July 30, 2024 | Posted in Earnings Reports

AGCO reported net sales of $3.2 billion for the second quarter ended June 30, 2024, a decrease of 15.1% compared to the second quarter of 2023.

Press Release

AGCO Announces Definitive Agreement to Sell its Grain & Protein Business

July 25, 2024 | Posted in Ag Equipment Business

Source: AGCO

AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners ("AIP") in an all-cash transaction valued at $700 million, subject to working capital and other customary closing adjustments.

News Release

AGCO's Q1 2024 Net Sales Drop 12.1% Year-Over-Year

May 2, 2024 | Posted in Earnings Reports

AGCO reported net sales of $2.9 billion for the first quarter ended March 31, 2024, a decrease of 12.1% compared to the first quarter of 2023.

AGCO Reports $14.4 Billion in 2023 Sales

February 15, 2024 | Posted in Data & Trends

On Feb. 6, AGCO reported fourth quarter net sales of $3.8 billion, down 2.5% year-over-year.

AGCO-Revenue-First-9-Months-—-2019-23-700.jpg

AGCO Reports $2.8 Billion in YTD North America Sales

November 15, 2023 | Posted in Earnings Reports

In its third quarter earnings released Oct. 31, AGCO reported almost $2.9 billion in North American revenue, up 21.7% year-over-year.

AGCO Acquires FarmFacts GmbH's Digital Assets

November 13, 2023 | Posted in Ag Equipment Business, Autonomous Ag Machinery

Tech Stack Addition of FarmFacts Digital Assets and AGCO Ventures Among Next Steps.

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Videos

AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.

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