Moody's Ratings (Moody's) assigned a Baa2 rating to the new backed senior unsecured notes of AGCO Corporation (AGCO). The Baa2 long term issuer rating of AGCO and the Baa2 backed senior unsecured rating of AGCO International Holdings B.V., a wholly-owned subsidiary of parent company AGCO, are unchan...
ASEAN has long been considered one of the global auto markets with the best growth prospects, but expectations have not been met. With China in trouble and ASEAN auto sales lacklustre, Japanese automakers need to review their positioning in Asia. Analyst Julie Boote provides a short-term outlook for the ASEAN auto market, and discusses Japanese assemblers’ options within this context.
DULUTH, Ga.--(BUSINESS WIRE)-- (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, will be among the headliners at the 2024 Commodity Classic, with an expansive exhibit featuring Farmer-Focused solutions and services from across its North American brands, including Fendt®, Massey Ferguson®, Precision Planting® and GSI®. With over 38,000 square feet of exhibit space, AGCO’s display will provide hands-on opportunities for farmers to experience many of its most innovative and award-winning equipment. Commodity Classic w...
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the 2024 Barclays Industrial Select Conference on Thursday, February 22, 2024. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 1:50 p.m. Eastern Time. Investors may listen to a live webcast of the presentation by accessing the "Events" section of the company’s Investor Relations website at . The ...
Massey Ferguson® Launches the MF 3 Series Specialty Tractor, a High-Value-Per-Dollar Tractor Solution for Vineyards and Orchards The Massey Ferguson 3 Series Specialty tractor provides power and comfort with a smaller carbon footprint. The Massey Ferguson 3 Series Specialty, a compact and powerful tractor with seven models across three unique versions, makes its NA debut at WAE. DULUTH, Ga., Feb. 13, 2024 (GLOBE NEWSWIRE) -- (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, introduced today the Massey Fer...
DULUTH, Ga.--(BUSINESS WIRE)-- (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, introduced today the Massey Ferguson® 3 Series Specialty tractor to the North American market. Designed to meet the unique challenges of vineyards and orchards, the MF 3 Series brings straightforward dependability to a new market with seven models ranging from 75-115 HP. The newly designed series provides a compact yet powerful solution for challenging applications with a focus on efficiency, comfort and a reduced carbon footprint. The...
DULUTH, Ga.--(BUSINESS WIRE)-- (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, will exhibit a wide array of farmer-focused precision ag solutions at the National Farm Equipment Show on February 14-17 in Louisville, Kentucky. The display will be highlighted by the Louisville debut of two new AE50 Award winners, the Fendt® 200 Vario® Series tractor and the Massey Ferguson® R Series sprayer, as well as the new 30-foot Fendt Momentum® planter. AGCO will be co-exhibiting with its ™ dealership in booth 7801 in Hall B....
DULUTH, Ga.--(BUSINESS WIRE)-- (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, will host an expansive exhibit at the 2024 World Ag Expo in Tulare, California, on February 13-15. Headlining AGCO’s exhibit will be the North American debut of the Massey Ferguson® 3 Series Specialty tractors and a full lineup of Fendt® tractors sporting the brand’s cutting-edge technology and design. “We’re looking forward to another great year at World Ag Expo, and we’re excited to showcase AGCO’s latest solutions,” said Joe DiPi...
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, 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. Reported net income was $4.53 per share for the fourth quarter of 2023, and adjusted net income(3) was $3.78 per share. These results compare to reported net income of $4.29 per share and adjusted net income(3) of $4.47 per share, for the fourth quarter of 2022. Excluding favorable ...
DULUTH, Géorgie--(BUSINESS WIRE)-- AGCO (NYSE : AGCO), un leader mondial de la conception, la fabrication et la distribution de machines agricoles et de technologies agricoles de précision, annonce aujourd’hui le lancement de FarmerCore, une initiative mondiale transformatrice visant à offrir une expérience de prochaine génération pour les agriculteurs et les négociants. Le lancement du nouveau modèle de distribution de bout en bout est une étape importante dans la promotion de la stratégie Farmer-First d’AGCO et dans la consolidation de son engagement à aider les agriculteurs du monde entier ...
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of FarmerCore, a transformative global initiative to deliver a next-generation farmer and dealer experience. The launch of the new end-to-end distribution model is a significant milestone in advancing AGCO’s Farmer-First strategy and solidifying its commitment to helping farmers across the globe become more profitable, productive and sustainable. This press release features multimedia. View the full rele...
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its fourth-quarter 2023 earnings release conference call is scheduled for Tuesday, February 6 at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO’s website at under the “Investors” Section. The webcast will also be archived for 12 months immediately afterward. About AGCO: AGCO (NYSE...
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO, Your Agriculture Company, (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced that its Board of Directors declared a regular quarterly dividend of $0.29 per common share to be paid on March 15, 2024, to all stockholders of record as of the close of business February 15, 2024. About AGCO: AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differe...
While Japan’s automakers have upped their game in the EV space, they remain laggards on the global stage. With the EV markets now in trouble, analyst Julie Boote assesses whether or not the Japanese assemblers have been vindicated in their more cautious approach to electrification.
DULUTH, Ga.--(BUSINESS WIRE)-- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced the addition of a Chief Digital & Information Officer (CDIO) to its senior leadership team, reporting directly to Chief Executive Officer Eric Hansotia. Viren Shah will become an AGCO Senior Vice President and CDIO effective January 16, 2024. He will lead the development, design and implementation of the company’s digital vision and strategy, including IT, and data analytics. This press release features multimedia. View ...
DULUTH, Ga.--(BUSINESS WIRE)-- (NYSE: AGCO), a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, named Lee Pemberton of Makin’ Trax Contractors in Hallock, Minnesota, the 2023 Operator of the Year at the Agricultural Retailers Association (ARA) Annual Conference & Expo in Orlando, Florida, on November 29, 2023. The annual award from AGCO’s Application team recognizes the skills, dedication, and customer service demonstrated by application professionals to their local communities. “AGCO celebrates all applicator operators for th...
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