Overview
- AGCO reported about $2.3 billion in first‑quarter sales with adjusted earnings of $0.94 per share, topping forecasts, and reported EPS of $0.76 rose from $0.14 a year ago.
- The company raised its full‑year view to about $6.00 in adjusted EPS and guided sales to $10.5 billion to $10.7 billion, factoring in current tariff policies and steady to slightly lower production.
- Results were uneven by region as Europe and the Middle East grew, North America posted a wider operating loss of about $51 million due to tariff costs, Latin America softened, and Asia‑Pacific‑Africa improved.
- AGCO will raise its quarterly dividend to $0.30 and begin $350 million in share repurchases in the second quarter, funded in part by selling its 49% stakes in U.S. and Canada finance joint ventures to Rabobank units for about $190 million.
- Operating activities used $410.4 million in cash in the quarter, cash stood at $514.9 million with $555.5 million in short‑term borrowings and $2.02 billion in long‑term debt, and the stock fell about 5.6% after the release.