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Dec 31, 2024
AGCO Q4 2024 Earnings Report
AGCO's Q4 2024 earnings decreased compared to the prior year due to lower sales volume and challenging market conditions, but were supported by strong cost control measures.
Key Takeaways
AGCO reported net sales of $2.9 billion for Q4 2024, a decrease of 24.0% compared to Q4 2023. Reported net loss was $(3.42) per share, while adjusted net income was $1.97 per share. The company cut production hours by 33% in the fourth quarter and ended the year with lower company and dealer inventory compared to 2023.
Net sales decreased by 24.0% compared to the fourth quarter of 2023.
Reported a net loss of $(3.42) per share, including impairment charges and restructuring expenses.
Adjusted net income was $1.97 per share, compared to $3.78 per share in Q4 2023.
Adjusted operating margin was 9.9% despite challenging market dynamics.
Revenue by Geographic Location
Forward Guidance
AGCO expects net sales for 2025 to be approximately $9.6 billion. Adjusted operating margins are projected to be approximately 7% - 7.5%, and earnings per share are targeted at approximately $4.00 - $4.50.
Positive Outlook
- Increased cost controls
- Moderately lower investments in engineering
- Flat pricing
- Farmer-First strategy
- Ongoing restructuring program
Challenges Ahead
- Lower sales volumes
- Unfavorable foreign currency translation
- Lower production volumes
- Weakening industry demand
- Challenging farm economics
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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