Agco Corp (AGCO) Q1 2018 10-Q Quarterly Earnings

Short answer

Agco Corp (AGCO) filed its Q1 2018 10-Q quarterly report on May 9, 2018 for the quarter ended Mar 31, 2018.

AI summary of MD&A and risk factor updates

Revenue $2,007.5M, up 23.3% YoY from $1,627.6M, driven by acquisitions, currency translation and regional growth
Operating margin 2.5% vs 1.0% YoY, gross margin 21.3% vs 20.3%
Best region EME, revenue $1,163.7M, up 30.4%; worst South America, revenue $182.1M, down 18.0%
Operating cash flow use $361.3M vs $251.4M; capital expenditures $46.1M vs $57.1M
2018 outlook: revenue, operating income and net income above 2017; headwinds from weather, South American demand and raw-material costs

No risk-factors section or quarter-specific changes provided in the filing text
Liquidity risk: cash declined to $348.2 million from $367.7 million while operating cash use reached $361.3 million
Financial risk: long-term debt increased to $1,989.0 million from $1,618.1 million
Operational risk: inventories rose to $2,283.3 million from $1,872.9 million, consuming $398.2 million of operating cash
Currency risk: accumulated other comprehensive loss totaled $1,349.8 million at March 31, 2018

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

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