8-K Reports
AGCO CORP /DE
CIK

880266

Accepted

Apr 24, 2025, 09:33 PM

Accession

0000880266-25-000022

7.01 Regulation FD Disclosure
Items (1)

Item 7.01. Regulation FD Disclosure. On November 1, 2024, AGCO Corporation (“ AGCO” or the "Company") and its wholly-owned subsidiary Massey Ferguson Corp. completed the sale of the majority of its Grain & Protein (“ G& P”) business, which includes the GSI®, Automated Production® (AP), Cumberland®, Cimbria® and Tecno® brands, to A-AG Holdco Limited, an affiliate of American Industrial Partners. The results of the G& P business through the date of the divestiture were included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments. To maintain comparability of segment financial statement information, the Company has moved the results of the divested G& P business from the North America, South America, Europe/Middle East and Asia/Pacific/Africa segments to “ Other” and the Company has recast the segment financial information for net sales and income from operations for each of the respective segments and “ Other” for the results of the divested G& P business for each quarter of 2024 and the years ended December 31, 2024 and 2023. Three Months Ended North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total March 31, ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income from operations (2) 28.4 12.0 295.1 9.1 344.6 4.9 349.5 ____________________________________ (1) Of the $200.1 million of the net sales of the divested G& P business recast to “ Other”, $128.5 million, $30.4 million, $22.1 million and $19.1 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $4.9 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $14.0 million, $4.2 million, $(12.2) million and $(1.1) million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Three Months Ended North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total June 30, ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income from operations (2) 36.2 6.4 295.6 10.4 348.6 41.6 390.2 ____________________________________ (1) Of the $290.5 million of the net sales of the divested G& P business recast to “ Other”, $210.6 million, $33.0 million, $33.4 million and $13.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $41.6 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $40.5 million, $6.2 million, $(7.1) million and $2.0 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Six Months Ended North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total June 30, ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income from operations (2) 64.6 18.4 590.7 19.5 693.2 46.5 739.7 ____________________________________ (1) Of the $490.6 million of the net sales of the divested G& P business recast to “ Other”, $339.1 million, $63.4 million, $55.5 million and $32.6 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $46.5 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $54.5 million, $10.4 million, $(19.3) million and $0.9 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Three Months Ended September 30, North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income from operations (2) 16.3 41.1 89.3 6.8 153.5 34.3 187.8 ____________________________________ (1) Of the $251.2 million of the net sales of the divested G& P business recast to “ Other”, $171.7 million, $30.8 million, $32.2 million and $16.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $34.3 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $36.4 million, $4.0 million, $(6.3) million and $0.2 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Nine Months Ended September 30, North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income from operations (2) 80.9 59.5 680.0 26.3 846.7 80.8 927.5 ____________________________________ (1) Of the $741.8 million of the net sales of the divested G& P business recast to “ Other”, $510.8 million, $94.2 million, $87.7 million and $49.1 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $80.8 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $90.9 million, $14.4 million, $(25.6) million and $1.1 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Three Months Ended December 31, North America South America Europe/Middle East Asia/Pacific/Africa Total Segments Other Total ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 2024 Net sales (1) $ $ $ $ $ $ $ Income (loss) from operations (2) 3.1 27.5 281.3 4.9 316.8 (5.7) 311.1 ____________________________________ (1) Of the $74.7 million of the net sales of the divested G& P business recast to “ Other”, $41.2 million, $13.2 million, $12.9 million and $7.4 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $(5.7) million of the income (loss) from operations of the divested G& P business recast to “ Other”, $0.9 million, $3.0 million, $(10.0) million and $0.4 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. Years Ended North America South America Asia/Pacific/Africa Other December 31, 2024 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Net sales (1) $ $ 6,712.3 $ 10,845.4 $ 11,661.9 Income from operations (2) 84.0 87.0 31.2 1,163.5 75.1 1,238.6 2023 Net sales (3) $ $ 7,385.2 $ 13,394.7 $ 14,412.4 Income from operations (4) 398.1 357.8 1,110.0 78.5 1,944.4 79.2 2,023.6 ____________________________________ (1) Of the $816.5 million of the net sales of the divested G& P business recast to “ Other”, $552.0 million, $107.4 million, $100.6 million and $56.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (2) Of the $75.1 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $91.8 million, $17.4 million, $(35.6) million and $1.5 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (3) Of the $1,017.7 million of the net sales of the divested G& P business recast to “ Other”, $614.5 million, $156.0 million, $155.3 million and $91.9 million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. (4) Of the $79.2 million of the income (loss) from operations of the divested G& P business recast to “ Other”, $61.2 million, $28.6 million, $(9.4) million and $(1.2) million were previously included within our North America, South America, Europe/Middle East and Asia/Pacific/Africa segments, respectively. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGCO Corporation By: /s/ Damon Audia Damon Audia Dated: April 24, 2025