AGCO (NYSE:AGCO) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.7b (down 19% from FY 2023).
• Net loss: US$424.8m (down by 136% from US$1.17b profit in FY 2023).
• US$5.69 loss per share (down from US$15.66 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AGCO Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the Europe/Middle East segment contributing a total revenue of US$6.81b (58% of total revenue). Notably, cost of sales worth US$8.76b amounted to 75% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.40b (42% of total expenses). Explore how AGCO's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Machinery industry in the US are expected to grow by 4.1%.

Performance of the American Machinery industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for AGCO (1 is a bit concerning!) that you need to take into consideration.

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