Duluth, Georgia - AGCO Corporation., an agricultural machinery manufacturer, reported third-quarter 2025 net sales of $2.5 billion, marking a 4.7% decline year-over-year. The company recorded reported earnings per share (EPS) of $4.09 and adjusted EPS of $1.35, compared with $0.40 and $0.68, respectively, in Q3 2024.
AGCO’s board has also approved $300 million in share repurchases, set to begin in the fourth quarter of 2025, funded partly by $230 million in after-tax proceeds from the recent sale of its ownership stake in TAFE. The company raised its full-year adjusted EPS outlook to approximately $5.00.
Excluding a 3.7% favorable foreign currency impact, AGCO’s net sales declined 8.4% compared to last year’s quarter, which had included $251.2 million in one-time revenue from the divestiture of most of its Grain & Protein business.
Mr. Eric Hansotia, Chairman, President and CEO, said, "Our continued investments in precision agriculture, autonomous solutions and sustainable technologies helped maintain demand for our premium brands. We remain focused on improving productivity for farmers, driving growth across our portfolio and delivering value for our shareholders which has been enhanced with the previously announced $1 billion share repurchase program, expected to commence this quarter."
For the first nine months of 2025, AGCO reported net sales of $7.2 billion, down 18.4% year-over-year. Reported EPS stood at $8.45, with adjusted EPS of $3.11, compared to a reported loss of $(2.27) and adjusted EPS of $5.53 for the same period in 2024. Excluding a 1.0% favorable currency effect, sales were down 19.4% year-over-year.
AGCO continues to execute its strategic transformation, balancing innovation investments with operational discipline amid evolving global agricultural markets.