Overview

* AGCO ( AGCO ) Q2 net sales of $2.6 bln beat analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reflecting disciplined cost control

* Co announces new $1.0 bln share repurchase program, indicating confidence

Outlook

* AGCO ( AGCO ) expects full-year 2025 net sales of approximately $9.8 bln

* Company projects full-year EPS between $4.75 and $5.00

* AGCO ( AGCO ) anticipates adjusted operating margins of approximately 7.5%

* Company says tariffs and mitigation strategies factored into projections

Result Drivers

* PRODUCTION CUTS - AGCO's ( AGCO ) strong earnings and cash flow were driven by aggressive production cuts and inventory reduction efforts

* COST CONTROL - Operating margins benefited from disciplined cost control and restructuring initiatives

* TRADE UNCERTAINTY - Global trade uncertainty impacted farmer confidence and investment decisions, notably in North America and Europe

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $2.64 $2.51

bln bln (11

Analysts

)

Q2 Beat $1.35 $1.08

Adjusted (13

EPS Analysts

)

Q2 EPS $4.22

Q2 Net $314.40

Income mln

Q2 Gross $658.60

Profit mln

Q2 $164 mln

Operatin

g Income

Q2 14.7%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

* Wall Street's median 12-month price target for AGCO Corp ( AGCO ) is $112.00, about 4.8% above its July 30 closing price of $106.64

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)