Oct 29, 8:44 AM ET
AGCO reported third-quarter 2026 net sales of $2.3 billion, down 8.6% from a year earlier, with adjusted earnings of $1.05 per share versus $1.35 in the third quarter of 2025. It also gave a full-year 2026 adjusted EPS outlook of about $5.50 and projected 2026 net sales of $9.8 billion to $10.0 billion, citing the weakest global industry demand in more than a decade.
- Q3 2026 net sales were $2.3 billion, down 8.6%; Europe/Middle East sales fell 19.1% and Latin America fell 15.4%
- Reported EPS was $0.75 versus $4.09 a year earlier, which included gains from 2025; adjusted EPS was $1.05 versus $1.35
- Full-year 2026 adjusted EPS outlook is about $5.50, with adjusted operating margin projected at about 7.0%
- Nine-month 2026 adjusted EPS was $3.42 versus $3.11 in the same period of 2025, while nine-month net sales rose 0.7%
Read the filing on SEC.gov ↗
Oct 5, 9:20 AM ET
AGCO announced a restructuring of its executive leadership team effective October 5, 2026, reducing the team by one member. Torsten Dehner, Senior Vice President and General Manager of Global Fendt/Valtra and Product Management, steps down from that role, and Stefan Caspari is named to succeed him in the combined role. The filing does not report financial results or guidance, so its direct financial effect on shareholders is not stated.
- Torsten Dehner steps down from his role effective October 5, 2026 and remains with the company in Switzerland to support the transition
- Stefan Caspari, previously SVP, Customer Success & North America Ag, is named SVP and General Manager, Fendt/Valtra & Product Management, effective immediately
- Luis Felli becomes SVP and General Manager, Massey Ferguson, Parts & Customer Support; Damon Audia becomes President, PTx, Corporate Strategy & Distribution
- Dehner is entitled to severance under his January 1, 2020 employment agreement, subject to continued compliance with restrictive covenants
Read the filing on SEC.gov ↗
Aug 3, 8:02 AM ET
AGCO announced executive changes effective August 1, 2026. Indira Agarwal, previously Chief Accounting Officer, became Senior Vice President and Chief Financial Officer, succeeding Damon Audia, who was named President of PTx & Corporate Strategy. The changes also come as Brian Sorbe, President of PTx, steps away from the company, which matters to shareholders because it changes the leadership of the finance function and the precision agriculture business.
- Indira Agarwal named Senior Vice President and CFO effective August 1, 2026, succeeding Damon Audia; she also remains Chief Accounting Officer while AGCO searches for a successor.
- Damon Audia named President of PTx & Corporate Strategy effective August 1, 2026, overseeing the precision agriculture business and corporate strategy.
- Agarwal's employment and severance agreement provides a base salary of $600,000 per year, with severance terms that depend on whether a termination involves a change of control.
- Brian Sorbe, who served as President of PTx, has decided to step away from AGCO to focus on other priorities.
Read the filing on SEC.gov ↗
Jul 30, 8:44 AM ET
AGCO reported second-quarter 2026 net sales of $2.6 billion, down 1.0% from a year earlier, and reported EPS of $1.08 versus $4.22 a year ago, while adjusted EPS rose to $1.43 from $1.35. The company said weaker-than-expected industry conditions, currency and a more cautious outlook led it to adjust its full-year view, now targeting 2026 adjusted EPS of $5.50 to $5.75, which matters because it signals lower earnings expectations for shareholders.
- Q2 2026 net sales of $2.6 billion, down 1.0% year over year; excluding favorable currency translation of 2.7%, sales fell 3.7%
- Reported EPS $1.08 vs. $4.22 a year earlier; adjusted EPS $1.43 vs. $1.35
- Full-year 2026 adjusted EPS outlook of approximately $5.50 to $5.75, with net sales expected at $10.1 to $10.2 billion
- $345 million of share repurchases completed in the second quarter
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.