NYSE$AGCO
AGCO Corp · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
AGCO's second quarter results demonstrated strong execution, overcoming COVID-19 related production disruptions in Europe and South America to deliver a solidly profitable quarter.
AGCO reported net sales of approximately $2.0 billion for the second quarter, a decrease of approximately 17.2% compared to the second quarter of 2019. Reported net income was $0.93 per share, while adjusted net income, excluding a non-cash impairment charge and restructuring expenses, was $1.11 per share.
- Europe/Middle East (“EME”) sales decreased by 22.8%, North America sales decreased by 10.2%, South America sales decreased by 3.9%, and Asia/Pacific/Africa (“APA”) sales decreased by 8.2%.
- Excluding currency translation impact, EME sales decreased by 20.4%, North America sales decreased by 9.1%, South America sales increased 21.2%, and APA sales decreased by 4.1%.
- EME operating margin was 8.1%, North America operating margin was 11.6%, South America operating margin was 3.1%, and APA operating margin was 9.5%.
- All factories returned to normal production during the second quarter after being impacted by COVID-19 related supply chain disruptions in Europe and South America.
Headline financials
Revenue & EPS history
AGCO · Revenue · Quarterly
$2.01B
Forward guidance
Net sales in 2020 are expected to be approximately $8.3 to $8.4 billion. Adjusted operating margins are expected to be below 2019 levels. 2020 adjusted net income per share is targeted in the range of $3.50 to $3.75.
Tailwinds
- Focus on delivering strong profitability
- Focus on healthy cash flow in 2020
- Well-positioned to continue investing in premium technology
- Well-positioned to invest in smart farming solutions
- Well-positioned to invest in enhanced digital capabilities
Headwinds
- Lower end-market demand
- Unfavorable impact of currency translation
- Adjusted operating margins are expected to be below 2019 levels
- Impact of lower sales
- Impact of lower production volumes
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 Q2 2020
+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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