10-Q quarterly report · filed Aug 9, 2019

Agco Corp (AGCO) Q2 2019 10-Q Quarterly Report

Short answer

Agco Corp (AGCO) filed its Q2 2019 10-Q quarterly report on Aug 9, 2019 for the quarter ended Jun 30, 2019.

Agco Corp Q2 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $2,422.6M, down 4.5% YoY from $2,537.6M, primarily currency translation
  • Operating margin 8.2% vs 6.6% YoY, gross margin 23.3% vs 21.9%
  • Best region North America, revenue $618.9M, up 3.1%; weakest South America, revenue $185.8M, down 15.4%
  • Operating cash flow $212.9M use for six months, capital expenditures $114.9M, share repurchases $70.0M
  • 2019 outlook: flat industry demand and net sales, margins and net income expected higher, trade tensions and currency headwinds Erotiske

Risk Factors

  • No risk-factors section provided, preventing identification of quarterly changes from the 10-K
  • Liquidity risk: cash declined to $279.9 million from $326.1 million
  • Working-capital risk: inventories increased to $2,424.8 million from $1,908.7 million
  • Debt risk: senior term loan totaled $227.7 million at June 30, 2019
  • Currency risk: accumulated other comprehensive loss totaled $1,534.3 million, primarily reflecting foreign-currency exposure

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

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