AGCO Full Year 2024 Earnings: Misses Expectations

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

We should say that we've discovered 2 warning signs for AGCO (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.