Agco Corp (N:AGCO)
Business Focus: Heavy Machinery & Vehicles
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 4205 River Green Pkway DULUTH GA 30096 |
| Tel: | 1-770-2328229 |
| Website: | https://www.agcocorp.com |
| IR: | See website |
| Key People | ||
| Eric P. Hansotia Chairman of the Board, President, Chief Executive Officer | Kelvin Bennett Senior Vice President - Engineering | Damon J. Audia Chief Financial Officer, Senior Vice President |
| Ivory Marie Harris-Brown Chief Human Resource Officer, Senior Vice President | Viren Shah Senior Vice President, Chief Digital and Information Officer | Roger N. Batkin Senior Vice President, General Counsel, Chief ESG Officer and Corporate Secretary |
| Robert B. Crain Senior Vice President, General Manager - Grain and Protein | Seth Howard Crawford Senior Vice President, General Manager - Precision Ag and Digital | Torsten R. W. Dehner Senior Vice President, General Manager - Fendt/Valtra | Luis F. S. Felli Senior Vice President, General Manager - Massey Ferguson |
| Business Overview |
| AGCO Corporation is a designer, manufacturer and distributor of agricultural machinery and precision agriculture technology. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It provides telemetry-based fleet management tools, including remote monitoring and diagnostics, which help farmers improve uptime, machine and yield optimization, mixed fleet optimization and decision support. The Company's Precision Planting, Headsight and Intelligent Ag Solutions brands provide retrofit solutions to upgrade farmers existing equipment to improve their planting, liquid application and harvest operations. The Company's Precision Planting, Headsight, JCA and Intelligent Ag Solutions brands also sell precision agriculture solutions around the crop cycle to third party original equipment manufacturers (OEMs). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Agco Corp revenues increased 14% to $14.41B. Net income increased 32% to $1.17B. Revenues reflect Europe/Middle East segment increase of 17% to $7.54B, North America segment increase of 18% to $3.75B, South America segment increase of 5% to $2.23B, United States segment increase of 16% to $2.96B, Germany segment increase of 25% to $1.75B, France segment increase of 22% to $1.49B. |
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