Short answer
Agco Corp (AGCO) filed its fiscal 2018 10-K annual report with the SEC on Mar 1, 2019. It reported revenue of $9.4B (+12.6% year over year) and net income of $286M.
- Top risk flagged: EU GDPR compliance: stringent data-protection requirements and greater penalties effective May 2018
FY2018 key financial metrics · XBRL
- Revenue
- $9.4B
- +12.6% YoY
- Net income
- $286M
- +53.2% YoY
- Operating margin
- 5.2%
- +0.4 pp YoY
- Gross margin
- 21.4%
- +0.1 pp YoY
- EPS (diluted)
- $3.58
- +54.3% YoY
- ROE
- 9.7%
- +3.6 pp YoY
- Operating cash flow
- $596M
- +3.2% YoY
Source: XBRL data from the Agco Corp (AGCO) FY2018 10-K on SEC EDGAR. USD.
Agco Corp FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global agricultural equipment manufacturer, supported by replacement parts, dealer distribution and AGCO Finance joint ventures
- Precision farming technologies emphasized, including satellite steering, field data collection, yield mapping and telemetry fleet management
- Manufacturing footprint spanning 48 locations and approximately 32 countries, with sales in approximately 140 countries
- Approximately 21,200 employees as of December 31, 2018, including approximately 4,700 in the United States and Canada
- AGCO Power engines expanded technology focus, covering 75 to 600 horsepower and emissions compliance across major regulatory markets
Management Discussion & Analysis
- Revenue $9,352.0M, up 12.6% YoY from $8,306.5M, driven by regional growth and acquisitions
- Operating margin 5.3% vs 4.9%, with operating income $489.0M vs $404.4M
- Best region EME, operating income up $107.8M; worst South America, down $25.5M
- Operating cash flow $595.9M; share repurchases $184.3M; finance joint-venture dividends $29.4M
- 2019 outlook: sales growth, margin improvement; risks include farm income, commodity prices, weather, trade policies and currency translation
Risk Factors
- EU GDPR compliance: stringent data-protection requirements and greater penalties effective May 2018
- Brexit uncertainty: significant United Kingdom operations exposed to regulatory, trade and personnel-movement disruption
- Rabobank financing concentration: AGCO Finance joint ventures fund approximately 40% to 50% of tractor and combine retail sales
- Supplier dependency: component shortages or quality failures could reduce production and increase warranty costs
- Competitive pressure: substantially larger Deere & Company and CNH Industrial possess greater financial and other resources
Generated from the filing text; verify against the original. How to read a 10-K
Other Agco Corp annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.