NYSE$AGCO
AGCO Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
AGCO delivered record first quarter sales and earnings, driven by healthy farm economics and strong global demand, but faced challenges from supply chain constraints and inflationary pressures.
AGCO reported a strong first quarter with net sales reaching $2.7 billion, a 12.9% increase compared to Q1 2021. The company's performance was driven by healthy farm economics supporting robust global demand, although supply chain constraints and the war in Ukraine negatively impacted operations. AGCO delivered earnings of $2.03 per share, and adjusted earnings of $2.39 per share.
- Regional sales results: Europe/Middle East (“EME”) +5.7%, North America +14.7%, South America +48.2%, Asia/Pacific/Africa (“APA”) +12.7%.
- Constant currency regional sales results: EME +15.0%, North America +15.0%, South America +41.8%, APA +17.5%.
- Regional operating margin performance: EME 11.6%, North America 7.8%, South America 12.9%, APA 15.1%.
- AGCO raised full-year outlook for net sales and net income per share.
Headline financials
Revenue & EPS history
AGCO · Revenue · Quarterly
$2.69B
Forward guidance
AGCO's net sales for 2022 are expected to range from $12.5 billion to $12.7 billion. Earnings per share are targeted in a range from $11.70 to $11.90.
Tailwinds
- Increased sales volumes
- Favorable pricing to offset material and labor cost inflation.
- Gross and operating margins are projected to improve from 2021 levels.
- Increased engineering and other technology investments to support AGCO’s precision ag and digital initiatives.
- Reflecting increased sales volumes and pricing partially offset by negative foreign currency translation.
Headwinds
- Negative foreign currency translation.
- The ability of the Company’s supply chain to deliver parts and components on schedule is currently difficult to predict.
- AGCO’s results will be impacted if the actual supply chain delivery performance differs from these estimates.
- Supply chain constraints
- Material and labor cost inflation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+0.8%
Avg return
30 days after
51%
35 / 68 earnings
Positive
+13.1%
Q4 2021
Best reaction
-12.2%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.9% | -3.3% | -1.1% | |
| Q4 2025 | +2.2% | +11.6% | +1.8% | |
| Q3 2025 | -0.6% | +0.6% | -0.2% | |
| Q1 2025 | +10.1% | +11.2% | +15.5% | |
| Q4 2024 | -5.1% | -6.9% | -0.6% | |
| Q3 2024 | -3.4% | -6.1% | -0.4% | |
| Q2 2024 | -7.5% | -12.2% | -11.4% | |
| Q1 2024 | -0.3% | +4.4% | -4.3% | |
| Q4 2023 | -2.5% | -4.9% | -6.5% | |
| Q3 2023 | +4.8% | +6.8% | +1.2% | |
| Q2 2023 | -3.2% | -2.6% | -12.9% | |
| Q1 2023 | +2.3% | +1.9% | -10.4% | |
| Q4 2022 | -0.4% | +2.6% | +2.0% | |
| Q3 2022 | -6.9% | -2.6% | +5.9% | |
| Q2 2022 | +4.9% | +1.6% | +6.5% | |
| Q1 2022 | +5.6% | -4.3% | +0.8% | |
| Q4 2021 | +13.1% | +10.7% | +12.1% | |
| Q3 2021 | -3.4% | -1.4% | -7.3% | |
| Q2 2021 | +5.0% | +6.7% | +11.3% | |
| Q1 2021 | -6.6% | -2.3% | -11.4% | |
| Q4 2020 | +1.6% | +3.3% | +13.3% | |
| Q3 2020 | +7.9% | +13.2% | +16.1% | |
| Q2 2020 | +3.5% | +7.1% | +14.3% | |
| Q1 2020 | -2.3% | +3.0% | +23.0% | |
| Q4 2019 | -8.7% | -8.0% | -16.1% | |
| Q3 2019 | -1.1% | +0.9% | +2.6% | |
| Q2 2019 | +0.8% | -4.2% | -10.2% | |
| Q1 2019 | +6.8% | +4.4% | -5.0% | |
| Q4 2018 | -2.3% | -4.4% | +0.9% | |
| Q3 2018 | +8.1% | +10.2% | +12.8% | |
| Q2 2018 | +2.2% | +3.8% | -0.5% | |
| Q1 2018 | -5.5% | -4.0% | +1.5% | |
| Q4 2017 | -2.0% | -3.7% | -6.5% | |
| Q3 2017 | -2.8% | -3.4% | -0.9% | |
| Q2 2017 | +0.2% | +0.1% | -6.8% | |
| Q1 2017 | +1.3% | -0.3% | -0.2% | |
| Q4 2016 | +1.6% | +2.6% | -6.2% | |
| Q3 2016 | -3.3% | -1.2% | +9.3% | |
| Q2 2016 | -0.7% | -0.1% | -2.4% | |
| Q1 2016 | +0.2% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2015 | +9.5% | — | — | |
| Q2 2015 | +6.0% | — | — | |
| Q1 2015 | +6.5% | — | — | |
| Q4 2014 | +6.5% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | -5.2% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | -4.2% | — | — | |
| Q3 2013 | -8.8% | — | — | |
| Q2 2013 | +4.2% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | +3.6% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | +10.9% | — | — | |
| Q1 2012 | +5.3% | — | — | |
| Q4 2008 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +2.6% | — | — | |
| Q2 2011 | -12.2% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q3 2009 | +0.2% | — | — | |
| Q3 2010 | +0.2% | — | — | |
| Q2 2009 | -1.3% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q4 2009 | -1.3% | — | — |
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