AGCO Reports 15% Decline in Q2 Net Sales
Net sales for the first six months of 2024 were approximately $6.2 billion, which is a decrease of 13.7% compared to 2023.
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AGCO
AGCO Announces Missouri/Wisconsin Dealer Updates
AGCO provided updates regarding the growth plan for its North American distribution network which includes expansions in Missouri and Wisconsin.
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AGCO Announces Definitive Agreement to Sell its Grain & Protein Business
AGCO, 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”)
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AGCO Announces Significant Layoffs
AGCO Corp. announced a restructuring program to streamline its workforce and cut overhead costs amid operational changes and demand challenges.
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Dealer News: AGCO Expands Dealer Network
Massey Ferguson’s Rural Lifestyle network of dealerships expanded in recent months to serve the increasing number of North Americans who are moving to more rural environments for its open spaces and unique quality of life.
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AGCO Faces Lawsuit from Indian Tractor Manufacturer
AGCO has terminated its commercial relationships with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE).
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AGCO Reports $1.4 Billion in 2023 Tractor Revenue
AGCO reported $1.4 billion in tractor sales last year, up 17.7% year-over-year.
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AGCO and Trimble Close Joint Venture
AGCO Corporation recently announced the closing of their joint venture with AGCO known as PTx Trimble.
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AGCO Reports Q4 Earnings
AGCO reported net sales of $3.8 billion for the fourth quarter of 2023, a decrease of 2.5% compared to the fourth quarter of 2022.
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AGCO Brings Back Furloughed Hesston Workers
AGCO’s critical upgrades to its Hesston facility went live on Jan. 1, 2024, and the company brought back the first group of employees the first week of January.
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AGCO Reports Record Q3 Net Sales
AGCO has reported financial results for the third quarter ended Sept. 30, 2023. Net sales for 3Q2023 were approximately $3.5 billion, an increase of 10.7% year-over-year.
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AGCO Dealership Agri-Service Expands in Northern Idaho
AGCO Corporation announced dealer Agri-Service’s acquisition of Blue Mountain Agri-Support in Lewiston and Moscow, Idaho.
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AGCO Reports Record Net Sales in Q2
AGCO reported its results for the second quarter ended June 30, 2023 by saying it had record net sales of $3.8 billion, which was an increase of 29.8% year-over-year, and a record operating margin of 13%.
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Dealer News: AGCO Dealership Forms Three Nebraska Dealers
True Ag & Turf will form by acquiring Manzer Equipment, Merz Farm Equipment and West Point Implement of Columbus
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AGCO and Kubota Sign Right to Repair
The American Farm Bureau Federation signed two more memorandums of understanding (MOUs) with two agricultural equipment manufacturers, AGCO and Kubota.
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AGCO Reports Sales Up in Q1 to $923 Million
AGCO reported May 2 that for the first quarter ended March 31, 2023, net sales were approximately $3.3 billion, an increase of approximately 24.1% compared to the first quarter of 2022.
Read moreAGCO Reports Record Q3 Results
AGCO reported its results for the third quarter ended September 30, 2022. Net sales for the third quarter were approximately $3.1 billion, an increase of approximately 14.5% compared to the third quarter of 2021.
Read moreAGCO Reports Second Quarter Results
AGCO has reported results for the second quarter ended June 30, 2022. Net sales for the second quarter were approximately $2.9 billion, an increase of approximately 2.3% compared to the second quarter of 2021.
Read moreAGCO Announces Chief Supply Chain Officer Succession
AGCO Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer
Read moreJury Rejects Deere Lawsuit Against AGCO Over Patents
Federal court found that AGCO Corp’s planting equipment did not infringe two patents owned by agriculture-industry rival Deere & Co.
Read moreAGCO Reports Q4, Year Results
Increased sales of high horsepower and mid-range tractors as well as precision planting products represented the largest increases for the company.
Read moreAGCO Invests in Greeneye Technology, Acquires Appareo
Greeneye’s system uses artificial intelligence to detect and spray individual weeds with the goal of reducing herbicide usage.
Read moreAGCO Partners with College to Train Techs
The program will leverage AGCO technical experts to train technicians from existing dealerships.
Read morePrecision Planting to Buy Software, App Company
The purchase “complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions …”
Read moreAGCO Buys Livestock Tech Company
The newly acquired company is the creator of ChickenBoy, the world’s first ceiling-suspended robot that monitors broiler chickens.
Read moreAGCO, DEUTZ Become Strategic Partners
The partnership includes a supply agreement for engines, cooperation on future technologies, and closer cooperation on engines or engine installation components.
Read moreRaven Enters Agreement with AGCO, Others
Raven’s Dominic Walkes said the “expertise of each organization will undoubtedly provide industry changing solutions for some of agriculture’s greatest challenges.”
Read moreAGCO Reports Strong First Quarter
Increased sales of tractors, parts, grain and protein equipment, and precision planting products generated most of the increase.
Read moreNet Sales Rise at AGCO
The biggest gain in sales was in South America. North America saw a 10 percent drop.
Read moreLeadership Changes at AGCO
AGCO has changed and expanded its senior leadership team to sharpen the company’s focus on precision agriculture and digital solutions.
Read moreAGCO Reports Third Quarter Results
AGCO has reported its results for the third quarter ended September 30, 2020. Net sales for the third quarter were approximately
Read moreAGCO to Buy Boyd Assets, Launch Dealership
AgRevolution, which begins operation Jan. 1, is the result of a unique situation in Kentucky and southern Indiana, where Boyd is shifting its focus to heavy construction sales.
Read moreAGCO to Buy Boyd Assets, Launch Dealership
AGCO Corp. intends to acquire certain assets of Boyd Company of Louisville, Ky., and form AgRevolution, an equipment dealership providing products and services to the farming community in Kentucky and southern Indiana.
Read moreAGCO to Acquire 151 Research
AGCO has agreed to acquire research and product development firm 151 Research to create new technology solutions for grain customers.
Read moreAGCO’s Net Sales Flat in North America
Increased sales of hay equipment, precision planting equipment and high horsepower tractors were mostly offset by lower sprayer and grain and protein sales.
Read moreAGCO’s Sales Dip in Final Quarter
Net sales at AGCO dipped by about 3 percent in the fourth quarter of 2019. Net sales for the full year of 2019 decreased by 3.3 percent.
Read moreAGCO Expands in France
AGCO will invest $44.4 million to develop an “industry 4.0 site” in Beauvais, France.
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