Earnings ·
AGCO reports Q3 EPS of $0.75, down from $4.09 as net sales fall 8.6% to $2.3 billion
AGCOAgco Corp
AGCO reported third-quarter results with net sales of $2.3 billion, an 8.6% decline year-over-year. Reported earnings per share were $0.75 compared to $4.09 in the prior-year period, while adjusted EPS was $1.05 versus $1.35. The company cited weak global industry demand and elevated input costs as primary headwinds. Full-year adjusted EPS guidance remains at approximately $5.50. AGCO is a global leader in agricultural machinery and precision agriculture technologies.