Latest news with #Fendt
Agriland
6 days ago
- Automotive
- Agriland
AGCO launch CORE80 engine amid confusion over power
AGCO has further extended its CORE series of engines with the introduction of the CORE80, a six-cylinder unit with a claimed output – in its initial state of tune – of 330hp and 1,680Nm of torque. This is, so far, the largest of the CORE engine family, which was designed from the outset to run on a wide variety of fuels, thus ensuring that it will be able to cope with whatever may be used as an alternative to diesel fuel going forward. AGCO invested over €1 billion in creating this engine alongside a new assembly facility at its engine plant in Finland. CORE80 performance AGCO claim that the CORE80 offers 15% more torque and 12% more power than the successful CORE75, a slightly smaller engine, yet there appears to be some confusion as to quite how much the new 8L engine produces. AGCO's Linnavuori engine plant has been home to many significant agricultural diesel developments over the years AGCO list the CORE 75 as having 250kW (340hp) while the CORE80 is stated in the description as offering. 252kW (343hp). However, elsewhere, AGCO tell us that there is a 12% increase in power with the extra half litre of displacement, which suggests that the CORE80 should have 280kW (381hp) on tap. It is hoped that AGCO might offer some clarification on this point. Brake saving This is the first engine in the CORE family to feature an engine brake integral to its Variable Geometry Turbocharger (VGT), providing 90kW of braking effort. This saves wear and tear on the mechanical braking system as well as helping prevent them overheating under load. Being designed as an off-road engine has allowed for a more robust construction, as there are not the same weight constraints as with road engines. It has fewer parts and does not require exhaust gas eecirculation as part of its stage V emission controls. Fendt is the only company within the AGCO group to be using the CORE engines at present There is also an over-the-air connection to its engine control unit, enabling remote diagnostics, easy monitoring and straightforward updates. This has the potential to improve reliability and simplify fleet management. As yet, there is no indication as where it will be seen first, although Fendt is the only AGCO marque to use the CORE series engines so far amongst the AGCO brands.
Yahoo
15-05-2025
- Business
- Yahoo
AGCO Q1 Earnings Call: Cost Controls and Technology Investment Offset Industry Weakness
Agricultural and farm machinery company AGCO (NYSE:AGCO) beat Wall Street's revenue expectations in Q1 CY2025, but sales fell by 30% year on year to $2.05 billion. The company's full-year revenue guidance of $9.6 billion at the midpoint came in 1% above analysts' estimates. Its GAAP profit of $0.14 per share was significantly above analysts' consensus estimates. Is now the time to buy AGCO? Find out in our full research report (it's free). Revenue: $2.05 billion vs analyst estimates of $2.01 billion (30% year-on-year decline, 1.8% beat) EPS (GAAP): $0.14 vs analyst estimates of -$0.06 (significant beat) Adjusted EBITDA: $159.2 million vs analyst estimates of $133.9 million (7.8% margin, 18.9% beat) The company reconfirmed its revenue guidance for the full year of $9.6 billion at the midpoint EPS (GAAP) guidance for the full year is $4.25 at the midpoint, beating analyst estimates by 9.9% Operating Margin: 2.4%, down from 9.3% in the same quarter last year Free Cash Flow was -$260.4 million compared to -$465 million in the same quarter last year Organic Revenue fell 27.6% year on year (-13.1% in the same quarter last year) Market Capitalization: $7.81 billion AGCO's first quarter results reflected a challenging environment for agricultural equipment, with management pointing to soft demand, dealer inventory reductions, and ongoing geopolitical trade friction. CEO Eric Hansotia highlighted that net sales fell due to lower industry demand and deliberate efforts to destock dealer inventories, while also noting progress in cash usage and working capital. CFO Damon Audia cited improved pricing and product mix in Europe, alongside early cost control benefits, as factors that helped the company outperform its internal expectations for the quarter. Looking ahead, AGCO's leadership reaffirmed its full-year guidance and emphasized its commitment to navigating tariff risks and maintaining cost discipline. Management stated that ongoing production cuts and channel inventory reductions are expected to position the company for recovery as industry conditions stabilize. The company continues to invest in smart farming solutions and digital capabilities, with a focus on premium brands like Fendt, and is closely monitoring potential impacts from evolving global trade policies and retaliatory tariffs. AGCO's management addressed several meaningful drivers behind the first quarter's performance and outlined areas of strategic focus and risk for the remainder of the year. Dealer Inventory Reduction: AGCO made significant progress lowering dealer inventories across all regions, prioritizing the alignment of production with retail demand to support future margin stability. Cost Control Initiatives: Leadership noted that cost savings from restructuring and operational efficiency programs are ahead of schedule, with $160 million in expenses incurred and a targeted $100–$125 million in savings expected by year-end. Tariff and Trade Impacts: Management discussed the adverse effects of new and existing tariffs, especially those affecting imports from the EU and China. The company is pursuing mitigation strategies, including selective price increases and supply chain adjustments, but expects tariffs to remain a headwind for sales and earnings per share. Precision Ag and PTx Trimble Integration: The integration of the PTx Trimble joint venture and increased adoption of precision farming technology were highlighted as contributors to product differentiation and channel expansion. The company reported a near tripling of AGCO dealers carrying PTx products since the end of last year. Regional Market Dynamics: AGCO described the European market as relatively stable due to subsidy support, while North America and South America continue to face weaker demand, leading to deeper production cuts. Brazil showed early signs of recovery, particularly in smaller tractors, but larger equipment demand remains subdued. Management expects the remainder of the year to be shaped by continued dealer inventory reductions, cost discipline, and the ability to navigate trade-related uncertainties while advancing technology initiatives. Trade Policy and Tariffs: The evolving landscape of tariffs, particularly between the EU, China, and the US, poses ongoing uncertainty. Management believes that new tariffs could further impact North American sales volumes and profitability, and mitigation strategies will remain a focus. Smart Farming and Precision Ag: Ongoing investment in precision agriculture solutions, such as the PTx product suite, is expected to support premium product sales and longer-term market share gains, especially as channel readiness improves. Cost Structure Transformation: The structural cost reductions implemented over the past year are projected to enhance operating leverage when market demand rebounds, potentially leading to higher incremental margins as industry conditions improve. Jamie Cook (Truist): Asked about better-than-expected Q1 performance and tariff mitigation. Management credited favorable pricing and cost controls, noting that tariff actions are expected to be a net negative for sales and earnings. Kyle Menges (Citigroup): Inquired about European margin sustainability and the risk of product mix shifts. Leadership stated Fendt remains strong, with stable margins expected due to continued product innovation. Kristen Owen (Oppenheimer): Sought clarification on mechanics behind full-year guidance and capital allocation changes. Management detailed how tariff and FX impacts net out, and signaled ongoing discussions with a major shareholder could affect share buybacks. Jerry Revich (Goldman Sachs): Questioned contingency plans for shifting Fendt production to the US. AGCO said it routinely evaluates production footprint scenarios but will defer major changes until trade policy stabilizes. Tami Zakaria (JPMorgan): Asked about pricing strategy for premium brands if EU tariffs increase. Management said cost increases would be spread across the product portfolio rather than concentrated on a single brand or model. In future quarters, the StockStory team will be watching (1) progress on dealer inventory reductions and the timing of production realignment, (2) updates on precision agriculture adoption and channel expansion for the PTx Trimble partnership, and (3) developments in global trade policy and tariffs, particularly their impact on North American and European sales. The company's ability to maintain cost discipline and capitalize on early signs of recovery in Brazil will also be closely monitored. AGCO currently trades at a forward P/E ratio of 22.1×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Agriland
03-05-2025
- Automotive
- Agriland
Watch: First sighting of Fendt 620 in Irish fields
AGCO has been keen to advertise that it has developed a new engine family designed to remain in production for the next couple of decades at least, and Fendt is the first of the corporation's brands to benefit from it. Known as the Core series of engines, they are made at AGCO Power's Linnavuori plant in Finland, around three hours drive to the south-west of the Valtra factory at Suolahti. There were three main design imperatives in the planning of the new power units – they were to be robust, power dense, and future-proof, in that they must be able to run a variety of fuels with little or no modification to the major components. Agritechnica launch Fendt announced in time for Agritechnica 2023 that it would use the engine in a new range of tractors known as the 600 series – the first examples of which have now made their way to Irish dealers. Kehoe Bros Machinery Ltd. of Co. Wexford were one of the first to bring one in to use as a demonstrator and Agriland went along to see it in action on a glorious spring morning on a nearby farm. Although there is much that is new about the model, the biggest step forward for tractors generally is that this is the first readily available four-cylinder machine to be rated at over 200hp. The Fendt 620 was matched to a 6m Terradisc from Pottinger As standard, the engine will provide 209hp, but this will rise to 224hp when peripheral services such as engine fan and air conditioning are brought into service. It is a novel approach which underlines the company's commitment to looking anew at each engineering challenge that designing a new tractor presents. Front-wheel drive Also new to tractors generally is the drive system, which has the ability to disconnect the the rear wheels during headland turns. When turning on the headland, drive to the rear wheels is reduced, allowing the tractor to turn in a tighter circle Full traction is not normally required during this part of a field operation, so it is perfectly possible for the front wheels to pull the tractor around in a circle rather than have the rear axle try and push it around. This, Fendt claims, allows a much tighter turning circle than could otherwise be expected and, when sat in the driver's seat, there is certainly the sense that the rear axle is not trying to bulldoze the front of the tractor in a direction not intended by the driver. Fendt attends to comfort While in the tractor seat, the comfort of the working environment should not be overlooked, as the cab provides a noticeably serene space that is not bothered by engine noise or the normal ruts of secondary cultivations. Fendt is almost feared by some as being over-complicated, as the multitude of switches and lights are somewhat reminiscent of 'Star Trek', yet in the brief period Agriland spent behind the wheel, the simplicity of the controls gave immediate confidence. The complexity of Fendts should not be feared for they are simple to operate at a basic level As Sean Gorman, area manager for Fendt in Ireland, has previously explained, the brand has adopted a policy of making its tractors easy to operate at the basic level, yet offering far greater involvement for those who want to operate them at peak efficiency. Pulling a set of discs is a straightforward operation, and so was operating the tractor while doing so. No fuss needed Having a continuously variable transmission (CVT), there are no gears to worry about so it is a question of selecting the direction and pressing the throttle pedal until the desired speed is attained. Nudging the joystick to the right tells the tractor to maintain this speed automatically, which it does, adjusting the engine revs to suit, while three further buttons engage auto steer and the lowering and raising of the implement on the headlands. Fendts may be premium tractors, but a lot of thought goes into their design On the day, pulling a 6m Pottinger disc set with roller caused the engine to turn at 1,240rpm while travelling at 10km/h, the real-time fuel consumption indicator hovered around 24L/h. It was all very simple and relaxed, yet the waylines and implement settings had already been programmed in so that part of the operation was avoided. Fendt has left the tractor perfectly useable without having to engage any of the more advanced systems on board – they are there to be used and appreciated as operators become familiar with the machine. Meanwhile the rest of us can sit back and enjoy the experience.
Yahoo
02-05-2025
- Business
- Yahoo
AGCO to Present at the Oppenheimer 20th Annual Industrial Growth Conference
DULUTH, Ga., May 2, 2025 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today that it will participate in the Oppenheimer 20th Annual Industrial Growth Conference on Tuesday, May 6, 2025. The conference will include a fireside chat with Damon Audia, Senior Vice President and Chief Financial Officer, at 11:15 a.m. Eastern Time. Investors may listen to a live webcast of the presentation by accessing the "Events" section of the company's Investor Relations website at The webcast will also be archived immediately afterward for 12 months. About AGCO:AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit Please visit our website at View original content to download multimedia: SOURCE AGCO Corporation Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
AGCO ANNOUNCES FIRST-QUARTER 2025 EARNINGS RELEASE AND CONFERENCE CALL
DULUTH, Ga., April 14, 2025 /PRNewswire/ -- AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced today its first-quarter 2025 earnings release conference call is scheduled for Thursday, May 1, at 10 a.m. ET. The company will refer to slides on its conference call. Interested persons can access the conference call and slide presentation via AGCO's website at under the "Investors" Section. The webcast will also be archived for 12 months immediately afterward. About AGCO AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO's full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit View original content to download multimedia: SOURCE AGCO Corporation
