AGCO Corporation (AGCO) is a manufacturer and distributor of agricultural equipment and related replacement parts globally. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment and implements. It also manufactures and distributes grain storage and handling equipment systems, as well as protein production systems.

Its products are recognized in the agricultural equipment industry and are marketed under a range of brands, including Challenger, Fendt, Massey Ferguson and Valtra. The Company distributes its products through a combination of approximately 3,100 independent dealers and distributors in more than 140 countries. In September 2013, Grain Systems, Inc. (GSI), a global brand of the Company announced that it has purchased Johnson System Inc. (JSI), manufacturer of catwalks, towers and support structures based in Marshall, Michigan.

Company Growth (employees)
Type
Public
HQ
Duluth, US
Founded
1990
Size (employees)
19,800 (est)+2%
AGCO was founded in 1990 and is headquartered in Duluth, US

Key People/Management at AGCO

Helmut Endres

Helmut Endres

Senior Vice President, Engineering, Worldwide
Andy Beck

Andy Beck

Senior Vice President and Chief Financial Officer
Roger Batkin

Roger Batkin

Vice President, General Counsel and Corporate Secretary
Ulrich Stockheim

Ulrich Stockheim

Head of Global Corporate Communications and Marketing
Hans-Bernd Veltmaat

Hans-Bernd Veltmaat

Senior Vice President and Chief Supply Chain Officer

AGCO Office Locations

AGCO has offices in Duluth, Omaha, Jackson, Neuhausen am Rheinfall and in 6 other locations
Duluth, US (HQ)
4205 River Green Pkwy
Sunshine West, AU
615 Somerville Rd
São Paulo, BR
92 R. James Joule
Neuhausen am Rheinfall, CH
17 Victor von Bruns-Strasse
Show all (10)

AGCO Financials and Metrics

AGCO Financials

AGCO's revenue was reported to be $7.4 b in FY, 2016
USD

Revenue (Q2, 2017)

2.2 b

Gross profit (Q2, 2017)

475.4 m

Gross profit margin (Q2, 2017), %

22%

Net income (Q2, 2017)

91.6 m

EBIT (Q2, 2017)

148.4 m

Market capitalization (13-Nov-2017)

5.4 b

Cash (30-Jun-2017)

317.8 m

EV

5.2 b
AGCO's current market capitalization is $5.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

10.8 b9.7 b7.5 b7.4 b

Revenue growth, %

(10%)(23%)(1%)

Cost of goods sold

8.4 b7.7 b5.9 b5.9 b

Gross profit

2.4 b2.1 b1.6 b1.5 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

2.5 b2.3 b2.8 b2.2 b1.7 b2.1 b1.7 b1.6 b2 b1.8 b1.6 b2.2 b

Cost of goods sold

1.9 b1.8 b2.1 b1.7 b1.4 b1.6 b1.4 b1.2 b1.6 b1.4 b1.3 b1.7 b

Gross profit

556.2 m514.9 m631.5 m421.9 m347.9 m449.6 m365.7 m314.7 m427 m353.5 m330.3 m475.4 m

Gross profit Margin, %

22%22%23%20%20%22%21%20%21%20%20%22%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1 b363.7 m426.7 m429.7 m

Current Assets

4.5 b3.5 b2.9 b3.2 b

PP&E

1.6 b1.5 b1.3 b1.4 b

Goodwill

1.2 b1.2 b1.1 b1.4 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

620.5 m193.9 m323.3 m320.9 m338.9 m498.2 m425.4 m247.9 m324.7 m297.8 m289.9 m317.8 m

Inventories

2.2 b2.4 b2.4 b2.3 b1.8 b1.8 b1.7 b1.7 b1.8 b1.8 b1.8 b1.9 b

Current Assets

4.5 b4.4 b4.5 b4.2 b3.7 b3.8 b3.5 b3.2 b3.3 b3.4 b3.4 b3.6 b

PP&E

1.5 b1.6 b1.6 b1.5 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b1.4 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

592.3 m404.2 m264 m160.2 m

Accounts Payable

54.7 m(219.4 m)37.3 m62.8 m

Cash From Operating Activities

797 m438.4 m524.2 m369.5 m

Purchases of PP&E

(391.8 m)(301.5 m)(211.4 m)(201 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

125.2 m99.2 m166 m62.5 m29.9 m
USDY, 2017

EV/EBIT

35 x

Revenue/Employee

109.4 k

Financial Leverage

2.6 x
Show all financial metrics

AGCO Market Value History

AGCO Median Salaries

Source: 111 public H-1B filings from AGCO

AGCO's Web-traffic and Trends

AGCO Online and Social Media Presence

AGCO News and Updates

Global Agriculture Technology Market Outlook 2022

Propagation of agriculture technology is fuelled by growing demand for food products, declining arable land per capita, and variability of climatic conditions, amongst others. By mid of the century, food production has to rise by 70% in comparison to that in last decade in order to effectively satia…

Agriculture Equipment market revenue will reach $279.5 billion by 2024, says Esticast Research and Consulting

Agriculture Equipment Market was valued at $171 billion in 2016, and is projected to reach $279.5 billion by 2024, growing at a CAGR of 6.5% from 2017 to 2024 Posted via Industry Today. Follow us on Twitter @IndustryToday

AGCO Company Life and Culture

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