NYSE$AGCO
AGCO Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
AGCO's financial performance for the third quarter of 2021 was reported, demonstrating increased sales, earnings growth, and margin expansion.
AGCO reported a strong third quarter with net sales of $2.7 billion, a 9.1% increase compared to Q3 2020. Reported net income was $2.40 per share, and adjusted net income was $2.41 per share, compared to $2.09 per share in the same period last year. The company is managing supply chain and logistics disruptions and expects strong full-year sales and earnings growth.
- Net sales for the third quarter increased by approximately 9.1% compared to the third quarter of 2020.
- Reported net income was $2.40 per share for the third quarter of 2021, compared to $2.09 per share for the third quarter of 2020.
- Europe/Middle East sales increased by 4.0%, North America sales increased by 9.7%, South America sales increased by 39.9%, and Asia/Pacific/Africa sales increased by 2.2%.
- The company revised its full-year outlook for net sales and net income per share due to supply chain disruptions.
Headline financials
Revenue & EPS history
AGCO · Revenue · Quarterly
$2.73B
Forward guidance
AGCO expects net sales for the full year of 2021 to range from $10.9 billion to $11.1 billion. Earnings per share are targeted in a range from $8.75 to $9.00.
Tailwinds
- Improved sales volumes are expected.
- Positive pricing is anticipated.
- Favorable foreign currency translation is projected.
- Higher sales and production volumes are expected to improve gross and operating margins.
- Improved profitability is expected to fund increases in engineering and other technology investments.
Headwinds
- 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 have intensified in the recent weeks limiting our ability to meet our production and sales projections.
- AGCO continues to face unprecedented supply chain and logistics disruptions as well as material and freight cost inflation.
- Full year expenses or benefits could differ based on future restructuring activity as well as other activities.
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 Q3 2021
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro