Exhibit 99.1
earningsreleaseq3a01a12.jpg

NEWS RELEASE

For Immediate Release
 
CONTACT:
Thursday, May 2, 2019
 
Greg Peterson
 
 
Vice President, Investor Relations
 
 
770-232-8229
 
 
greg.peterson@agcocorp.com

AGCO REPORTS FIRST QUARTER RESULTS
Full-year Outlook Increased

DULUTH, GA – May 2 – AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and solutions, reported net sales of approximately $2.0 billion for the first quarter of 2019, a decrease of approximately 0.6% compared to the first quarter of 2018. Reported net income was $0.84 per share for the first quarter of 2019, and adjusted net income, excluding restructuring expenses, was $0.86 per share. These results compare to a reported net income of $0.30 per share and adjusted net income, excluding restructuring expenses, of $0.35 per share for the first quarter of 2018. Excluding unfavorable currency translation impacts of approximately 7.1%, net sales in the first quarter of 2019 increased approximately 6.5% compared to the first quarter of 2018.


First Quarter Highlights
Reported regional sales results(1): North America (1.3)%, Europe/Middle East (“EME”) +4.0%, South America (14.3)%, Asia/Pacific/Africa (“APA”) (16.3)%
Constant currency regional sales results(1)(2): North America (0.6)%, EME +13.2%, South America (2.6%), APA (9.6)%
Operating margin improvement of 190 basis points vs. first quarter of 2018
Regional operating margin performance: North America 6.2%, EME 10.5%, South America (5.4)%, APA 2.6%
Share repurchase program reduced outstanding shares by approximately 0.4 million during the first three months of 2019
Increased full-year outlook for net income per share

(1)As compared to first quarter 2018
(2)Excludes currency translation impact. See reconciliation in appendix.
    
“Focused operational performance across our regional business units and supportive market conditions are driving sales and earnings growth,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “AGCO’s first quarter results demonstrated solid progress towards our margin improvement goals for 2019. Led by our Europe/Middle East region, AGCO’s first quarter 2019 adjusted operating margins improved over 190 basis points compared to the first quarter of 2018. Our margin expansion resulted from organic sales growth, an improved pricing environment and


The following information was filed by Agco Corp De (AGCO) on Thursday, May 2, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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