Strong Third Quarter Performance
Net sales were $2.5 billion, with a significant improvement in operating margins to 7.5% on an adjusted basis. Free cash flow generation improved by approximately $453 million compared to the same period in 2024.
Europe Market Stability
Europe, Middle East posted a 20% increase in net sales compared to the same period in 2024, reflecting strong performance in high horsepower and mid-range tractors.
Tactical Shifts and Strategic Initiatives
AGCO announced a $1 billion share repurchase program and continued to strengthen its PTx business, aiming for $2 billion in Precision Ag revenues.
Innovation in Precision Agriculture
Launch of FarmENGAGE and advancements in autonomous solutions, positioning AGCO as a leader in smart farming solutions.
Project Reimagine
Company-wide restructuring effort expected to reduce costs by $175 million to $200 million.