Agco Corp (N:AGCO)
Business Focus: Heavy Machinery & Vehicles
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4205 River Green Pkway DULUTH GA 30096 |
| Tel: | 1-770-2328229 |
| Website: | https://www.agcocorp.com |
| IR: | See website |
| Key People | ||
| Eric P. Hansotia Chairman of the Board, President, Chief Executive Officer | Kelvin Bennett Senior Vice President - Engineering | Damon J. Audia Chief Financial Officer, Senior Vice President |
| Ivory Marie Harris-Brown Chief Human Resource Officer, Senior Vice President | Viren Shah Senior Vice President, Chief Digital and Information Officer | Roger N. Batkin Senior Vice President, General Counsel, Chief ESG Officer and Corporate Secretary |
| Robert B. Crain Senior Vice President, General Manager - Grain and Protein | Seth Howard Crawford Senior Vice President, General Manager - Precision Ag and Digital | Torsten R. W. Dehner Senior Vice President, General Manager - Fendt/Valtra | Luis F. S. Felli Senior Vice President, General Manager - Massey Ferguson |
| Business Overview |
| AGCO Corporation is a designer, manufacturer and distributor of agricultural machinery and precision agriculture technology. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It provides telemetry-based fleet management tools, including remote monitoring and diagnostics, which help farmers improve uptime, machine and yield optimization, mixed fleet optimization and decision support. The Company's Precision Planting, Headsight and Intelligent Ag Solutions brands provide retrofit solutions to upgrade farmers existing equipment to improve their planting, liquid application and harvest operations. The Company's Precision Planting, Headsight, JCA and Intelligent Ag Solutions brands also sell precision agriculture solutions around the crop cycle to third party original equipment manufacturers (OEMs). |
| Financial Overview |
| For the three months ended 31 March 2024, Agco Corp revenues decreased 12% to $2.93B. Net income decreased 28% to $168M. Revenues reflect South America segment decrease of 40% to $303.4M, North America segment decrease of 21% to $729.6M, Asia/Pacific/Africa segment decrease of 18% to $166.7M. Net income also reflects South America segment income decrease of 84% to $16.2M, North America segment income decrease of 58% to $42.4M. |
| Employees: | 27,900 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,945M as of Mar 31, 2024 |
| Annual revenue (TTM): | $14,008M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,900M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,107M as of Mar 31, 2024 |
| Free cash flow (TTM): | $341.40M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,270M as of Mar 31, 2024 |
| Shares outstanding: | 74,619,501 as of Apr 30, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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