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AGCO’s 3Q19 Net Sales Dip 4.8%; Full Year Sales Forecast to Decline ‘Modestly’

October 29, 2019 | Posted in Earnings Reports

AGCO (NYSE: AGCO) reported net sales of approximately $2.1 billion for the third quarter of 2019, a decrease of approximately 4.8% compared to the third quarter of 2018. Excluding unfavorable currency translation impacts of approximately 3.1%, net sales in the third quarter of 2019 decreased approximately 1.7% compared to the third quarter of 2018.

CNH Industrial Joins Partnership to Increase Connectivity for Brazilian Ag

April 16, 2019 | Posted in Technology

CNH Industrial has played a major role in the creation of ConectarAGRO, a consortium of eight partners from the agribusiness and telecommunications fields, whose aim is to bring open connectivity solutions to all the agricultural regions of Brazil.

AGCO’s Full Year 2018 Net Sales Grew by 12.6%

February 5, 2019 | Posted in Earnings Reports

AGCO reported net sales of approximately $2.6 billion for the fourth quarter of 2018, compared to net sales of approximately $2.5 billion for the fourth quarter of 2017.

Tractors from China to Brazil

November 19, 2018 | Posted in Ag Equipment Worldwide, Chinese Ag Machinery Market

According to a Nov. 6 Bloomberg report, AGCO is dropping made-in China tractors and replacing them with equipment built in Brazil.

AGCO Sales Grow 11.5% in Q3 2018

October 30, 2018 | Posted in Earnings Reports

AGCO reported net sales of approximately $2.2 billion for the third quarter of 2018, an increase of approximately 11.5% compared to the third quarter of 2017. Excluding unfavorable currency translation impacts of approximately 5.9%, net sales in the third quarter of 2018 increased approximately 17.4% compared to the third quarter of 2017.

Solid Increases in North America, Europe Pace AGCO’s 17% 2Q Sales Improvement

September 29, 2018 | Posted in Earnings Reports

Sluggish sales in South America (–12.8%) didn’t dim AGCO’s overall results as improving sales of farm machinery in the North American (+25.4%) and European regions (+21.7%) set the tone for AGCO Corp. in the second quarter of 2018. The company’s Asia/Pacific/Africa results were up 4.4%.

Competition Heating Up in Combine Market

September 25, 2018

Investment analysts attending the recent Farm Progress Show in Boone, Iowa, said they see a looming battle in the combine market as AGCO slowly introduces its new Ideal combine.

AGCO’s Fendt Line Targets U.S. Tractor Niche

September 1, 2015 | Posted in Equipment & Equipment Sales, Technology

AGCO Corp.’s premium tractor unit, Fendt, believes it has identified a niche in the market that will be filled by a new range featuring a number of first-time technologies.

AGCO to Invest $100 Million in African Ag

November 16, 2012

AGCO Corp. (AGCO), the world third- largest farm-equipment maker, plans to invest $100 million in Africa over the next three years to capitalize on an agricultural boom and a shift to commercial farming.

AGCO Eyes $200 Million for M&A; Wants to Grow in U.S.

May 19, 2011 | Posted in Mergers & Acquisitions

Farm equipment maker AGCO Corp. likes small, USD 50-USD 100 million acquisitions, and may spend about USD 200 million on deals this year, its CEO said.

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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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