AGCO is reporting fiscal year 2024 first-quarter net income of $168 million on net sales of $2.9 billion. Net income is down 27 percent year-over-year. Net sales are down 12 percent from the first quarter of 2023. North American net sales are reported at $729.6 million, down 21 percent from a year earlier. AGCO says North American tractor sales were down nine percent and combine sales were down 17 percent.
