1Q Sales Increase for AGCO
AGCO reports first quarter net sales of $3.3 billion. That’s up 24 percent from the same quarter last year. AGCO officials cited a healthy farm economy and strong global demand as reasons for the sales increase.
Articles tagged under: AGCO
Supply Chain Issues Persist
In a call with investors, AGCO officials said the supply chain problems are continuing. The farm machinery company is keeping higher-than-normal levels of raw materials and equipment inventory on hand. Like other farm equipment companies, AGCO has machinery waiting for…
AGCO Income Increases Seven Percent
AGCO reports second quarter sales of nearly $3 billion, an increase of 2.3 percent from one year ago. For the first six months of the fiscal year, AGCO has net income of $5.6 billion. That’s up over seven percent from…
Ransomware Attack Hits AGCO
A cyberattack has affected operations at AGCO production facilities and dealers. AGCO has not said which facilities are impacted. The ransomware attack is taking place during planting season while the industry is already dealing with supply chain disruptions.
First Quarter Sales Up for Farm Equipment Manufacturer
In the first quarter, AGCO sales totaled $2.7 billion. That’s an increase of 13 percent from the same quarter last year. High horsepower tractor sales were up in North America. Retails sales of large row-crop equipment was 11 percent below…
AGCO Acquistion Accelerates Autonomous Activity
AGCO has acquired Winnipeg-based JCA Industries. JCA specializes in the design of electronic systems and software development to automate and control agricultural equipment.
AGCO Has Stronger Q4 in 2021
Farm equipment manufacturer AGCO is reporting fiscal fourth quarter net income of $283.3 million on net sales of $3.15 billion. AGCO reports full year net income of $905 million on net sales of $11.14 billion. AGCO’s North American sales increased…
AGCO Picks Up Fargo Tech Firm
AGCO has an agreement to acquire Fargo-based Appareo Systems. Appareo specializes in software engineering, hardware development and electronic manufacturing for use in agriculture and transportation. This deal is expected to be finalized in January.
AGCO Farm Equipment Sales on the Rise
AGCO is reporting second quarter net sales of $2.9 billion, up over 43 percent from the same quarter in 2020. For the first six months of the fiscal year, North American tractor sales are up 22 percent and combine sales…
Ag Equipment Industry Outlook Highlighted at Commodity Classic
The major ag equipment brands were represented in a virtual roundtable discussion at Commodity Classic. AGCO Vice President Bill Hurley addressed the customer’s 'right to repair.' Hurley said the issue is complicated by emissions and safety standards. "If something is…
