AGCO Corporation Company profile
About AGCO Corporation
AGCO Corporation is engaged in manufacturing and distributing of agricultural equipment and related replacement parts throughout the world. It delivers agricultural solutions to farmers through a full line of tractors, combine harvesters, hay and forage equipment, seeding and tillage implements, grain storage and protein production systems, as well as replacement parts. Its brand product includes AP, Cimbria, Cumberland, Fella, Fuse, Gleaner, GSI, Precision Planting, Sunflower, Tecno, White Planters, Grain & Protein, AGCO Genuinecare, AGCO Parts, AGCO Power, AGCO Protection, AGCO Service and AGCO Trader. The Company's tillage and seeding equipment joint venture operates within the North American geographical segment. Its grain storage and protein production systems operate within the Europe/Middle East geographical segment. The Chinese harvesting business operates within the Asia/Pacific/Africa segment and the former sprayer reporting unit operates within the North American segment.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, AGCO Corporation revenues increased 22% to $11.14B. Net income increased from $427.1M to $897M. Revenues reflect Europe/Middle East segment increase of 16% to $6.22B, North America segment increase of 22% to $2.66B, South America segment increase of 50% to $1.31B, Other Europe segment increase of 30% to $2.1B, South America segment increase of 50% to $1.29B.
Equity composition
Common Stock $.01 Par, 04/11, 150M auth., 94,806,961 issd. Insiders own 0.64%. IPO 6/92, 4.5M shs@ $14 by First Boston. PO 4/04, 12.8M shs @ $21.35 by Morgan Stanley. PO 6/94, 3.7M shs @ $37.50 by First Boston. PO 3/97 4.7M shs (4.5M by Co.) @ $28.50 by Merrill Lynch. 2/96, 2-for-1 splt; 12/94, 3-for-2 splt.
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