10-Q quarterly report · filed May 9, 2019

Agco Corp (AGCO) Q1 2019 10-Q Quarterly Report

Short answer

Agco Corp (AGCO) filed its Q1 2019 10-Q quarterly report on May 9, 2019 for the quarter ended Mar 31, 2019.

Agco Corp Q1 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $1,995.8M, down 0.6% YoY from $2,007.5M, despite EME growth
  • Operating margin 4.6% vs 2.5% YoY, gross margin 22.9% vs 21.3%
  • Best region EME revenue $1,210.6M, up 4.0%; worst APA revenue $132.9M, down 16.3%
  • Operating cash flow used $329.9M vs $361.3M YoY; capital expenditures $60.9M vs $46.1M
  • 2019 outlook: modest industry improvement, higher sales and margins; trade tensions and currency translation headwinds

Risk Factors

  • No material changes disclosed in the provided risk-factors section
  • Liquidity risk: cash fell to $292.8 million while operating activities used $329.9 million
  • Financial risk: short-term borrowings increased to $181.5 million from $138.0 million
  • Market risk: inventories rose to $2,307.6 million from $1,908.7 million, increasing exposure to demand volatility
  • Currency risk: foreign-currency translation adjustments produced a $12.2 million comprehensive-income gain

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

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