Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $51.46 USD
Change Today -0.40 / -0.77%
Volume 785.6K
As of 8:04 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

agco corp (AGCO) Key Developments

AGCO Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

AGCO reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported net sales of approximately $1.7 billion for the first quarter of 2015, a decrease of approximately 27.0% compared to net sales of approximately $2.3 billion for the first quarter of 2014. Reported net income was $0.34 diluted per share and adjusted net income, excluding restructuring and other infrequent expenses, was $0.43 per share for the first quarter of 2015. These results compare to reported and adjusted net income diluted per share of $1.03 for the first quarter of 2014. Income from operations was $46.8 million against $155.7 million a year ago. Income before income taxes and equity in net earnings of affiliates was $26.8 million against $130.6 million a year ago. Net income attributable to AGCO Corporation and subsidiaries was $30.1 million against $99.6 million a year ago. Net cash used in operating activities was $286.0 million against $511.0 million a year ago. Purchases of property, plant and equipment was $62.9 million against $101.2 million a year ago. For 2015, net sales are expected to range from $7.7 to $7.9 billion, reflecting the impacts of weaker market conditions and unfavorable currency translation. Gross and operating margins are expected to be below 2014 levels due to the negative impact of lower sales and production volumes along with a weaker sales mix. Based on these assumptions, 2015 earnings per share are targeted at approximately $3.00, excluding restructuring and other infrequent expenses, despite additional negative currency translation impact. Based on these assumptions, the company is targeting 2015 adjusted earnings per share of approximately $3 per share. The company expects capital expenditures to be approximately $300 million and free cash flow to be approximately $300 million. The company is targeting an effective tax rate in the range of 35% to 36% for 2015. In the second quarter of 2015, sales and earnings per share are expected to be significantly lower than reported for the second quarter of 2014 due to lower sales and production levels discussed earlier. Second quarter earnings per share are expected to be approximately $1 per share.

AGCO Corporation Announces Quarterly Dividend, Payable on June 15, 2015

AGCO Corporation announced that its Board of Directors declared a regular quarterly dividend of $0.12 per common share to be paid on June 15, 2015 to all stockholders of record as of the close of business on May 15, 2015.

AGCO Corporation to Report Q1, 2015 Results on Apr 28, 2015

AGCO Corporation announced that they will report Q1, 2015 results at 10:00 AM, Eastern Daylight on Apr 28, 2015

AGCO Corporation, Q1 2015 Earnings Call, Apr 28, 2015

AGCO Corporation, Q1 2015 Earnings Call, Apr 28, 2015

AGCO Corp. Announces Earnings Results for 2014

AGCO Corp. announced earnings results for 2014. For the year, the company's annual profit dropped nearly 32% to $404.2 million in 2014, after unfavorable impact of currency translation, restructuring charges and decreased demand.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AGCO:US $51.46 USD -0.40

AGCO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dana Holding Corp $21.80 USD -0.33
Joy Global Inc $41.01 USD -1.25
Lennox International Inc $113.55 USD -0.45
Navistar International Corp $27.94 USD -0.24
Oshkosh Corp $53.87 USD -0.95
View Industry Companies
 

Industry Analysis

AGCO

Industry Average

Valuation AGCO Industry Range
Price/Earnings 14.0x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 11.9x
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AGCO CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.