Agco Corp (AGCO) Q3 2015 10-Q Quarterly Earnings

Short answer

Agco Corp (AGCO) filed its Q3 2015 10-Q quarterly report on Nov 9, 2015 for the quarter ended Sep 30, 2015.

AI summary of MD&A and risk factor updates

Revenue $1,736.4M, down 19.4% YoY from $2,154.8M, with currency translation reducing sales $323.1M
Operating margin 4.6% vs 5.0% YoY, gross margin 21.1% vs 19.6%
Best region EAME: operating income increased YoY; worst South America, with sales down 49.1% to $231.4M
Operating cash flow $72.2M vs $(215.3)M YoY; capital expenditures $147.1M, share repurchases $187.5M
2015 outlook: lower sales, gross and operating margins, and EPS amid weaker demand, lower commodity prices, reduced farm income and unfavorable currency translation

No risk-factors section provided, preventing identification of changes from the 2014 10-K
Demand risk: softening global demand drove approximately 1,950 workforce reductions across 2014 and 2015
Operational risk: restructuring accrued severance balance $15.9 million, payable primarily during 2015 and 2016
Financial risk: foreign-currency translation losses reached $517.5 million during the nine months ended September 30, 2015
Regulatory risk: ASU 2014-09 adoption delayed to reporting periods beginning after December 15, 2017

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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