10-Q quarterly report · filed Nov 8, 2018

Agco Corp (AGCO) Q3 2018 10-Q Quarterly Report

Short answer

Agco Corp (AGCO) filed its Q3 2018 10-Q quarterly report on Nov 8, 2018 for the quarter ended Sep 30, 2018.

Agco Corp Q3 2018 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $2,214.7M, up 11.5% YoY from $1,986.3M, driven by acquisitions and North America, EME growth
  • Operating margin 5.0% vs 4.9% YoY, gross margin 21.4% vs 21.6%
  • Best region EME: revenue $1,164.5M, up 14.4%; worst South America: revenue $281.1M, up 2.8%
  • Operating cash flow use $4.0M versus $29.2M YoY; capital expenditures $138.5M
  • 2018 outlook: higher sales, operating income and net income; headwinds from tariffs, raw materials, weather and currency foe

Risk Factors

  • No risk-factors discussion provided, only credit-agreement definitions and interest-margin provisions
  • Financial risk: Applicable Margin rises to Level V upon an Event of Default
  • Financial risk: Credit ratings determine borrowing costs across five rating levels
  • Regulatory risk: EU bail-in legislation permits write-down or conversion of liabilities at EEA financial institutions

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

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