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Agco Corp  (AGCO)
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AGCO's Operating Income Growth by Quarter and Year

Agco's Operating Income results by quarter and year




AGCO Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 393.10 465.80 264.00 224.00
III Quarter September 423.60 332.10 251.90 97.30
II Quarter June 496.40 263.50 290.30 100.40
I Quarter March 387.30 204.00 195.20 -49.80
FY   1,700.40 1,265.40 1,001.40 371.90



AGCO Operating Income fourth quarter 2023 Y/Y Growth Comment
Agco Corp reported decline in Operating Income in the fourth quarter 2023 by -15.61% to $ 393.10 millions, from the same quarter in 2022.
The contraction in the fourth quarter 2023 Agco Corp's Operating Income compares unfavorably to the Company's average Operating Income rise of 21.05%.

Looking into fourth quarter 2023 results within Industrial Machinery and Components industry 25 other companies have achieved higher Operating Income growth. While Agco Corp' s Operating Income fall of -15.61% ranks overall at the positon no. 464 in the fourth quarter 2023.

Explain Operating Income growth


AGCO Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -15.61 % 76.44 % 17.86 % 111.52 %
III Quarter September 27.55 % 31.84 % 158.89 % -51.25 %
II Quarter June 88.39 % -9.23 % 189.14 % 8.66 %
I Quarter March 89.85 % 4.51 % - -
FY   34.38 % 26.36 % 169.27 % -33.23 %

Financial Statements
Agco's fourth quarter 2023 Operating Income $ 393.10 millions AGCO's Income Statement
Agco's fourth quarter 2022 Operating Income $ 465.80 millions Quarterly AGCO's Income Statement
New: More AGCO's historic Operating Income Growth >>


AGCO Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -7.2 % 40.26 % 4.8 % 130.22 %
III Quarter September -14.67 % 26.03 % -13.23 % -3.09 %
II Quarter June 28.17 % 29.17 % 48.72 % -
I Quarter March -16.85 % -22.73 % -12.86 % -
FY (Year on Year)   34.38 % 26.36 % 169.27 % -33.23 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #26
Capital Goods Sector #58
Overall #464

Operating Income Y/Y Growth Statistics
High Average Low
278.8 % 21.05 % -54.87 %
(Sep 30 2021)   (Jun 30 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #26
Capital Goods Sector #58
Overall #464
Operating Income Y/Y Growth Statistics
High Average Low
278.8 % 21.05 % -54.87 %
(Sep 30 2021)   (Jun 30 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Agco's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
851.28 % 43.24 % -82.93 %
(Jun 30 2017)  


AGCO's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Agco Corp realized drop in Operating Income from the third quarter by -7.2% to $ 393.10 millions, from $ 423.60 millions declared a quarter before.

Even seasonal factors could not recover the IV. Quarter for the Agco Corp, Elijah L. Cook, an industry researcher based in Toronto said, he cited some pessimism conserning Agco's direction.

Within Industrial Machinery and Components industry 27 other companies have achieved higher Operating Income quarter on quarter growth. While Agco's Operating Income growth quarter on quarter, overall rank is 789.


Operating Income Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #28
Capital Goods Sector #72
Overall #789
Operating Income Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #28
Capital Goods Sector #72
Overall #789
Operating Income Q/Q Growth Statistics
High Average Low
851.28 % 43.24 % -82.93 %
(Jun 30 2017)  


AGCO's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Agco Corp reported drop in Operating Income from the previous quarter by -7.2% to $ 393.10 millions, from $ 423.60 millions released in the previous reporting period.

Albeit cyclical factors which usually fuel IV. Quarter 2023 performance, this plainly was not sufficient to salvage Agco's performance, Elijah L. Cook, an industry researcher based in Toronto said.

Within Industrial Machinery and Components industry 27 other companies have achieved higher Operating Income quarter on quarter growth. While Agco's Operating Income growth quarter on quarter, overall rank is 789.


Agco's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 1,700.40 $ 1,773.10 $ 1,681.60 $ 1,448.70 $ 1,265.40
Y / Y Operating Income Growth (TTM) 34.38 % 66.71 % 71 % 43.41 % 26.36 %
Year on Year Operating Income Growth Overall Ranking # 385 # 895 # 733 # 153 # 0
Seqeuential Operating Income Change (TTM) -4.1 % 5.44 % 16.08 % 14.49 % 18.97 %
Seq. Operating Income Growth (TTM) Overall Ranking # 464 # 959 # 1186 # 1425 # 0




Cumulative Operating Income growth Comment
Assuming the Agco's fiscal year would have ended in Dec 31 2023, Agco would have reprted above average annual Operating Income rise of 34.38% year on year, of $ 1,700 millions.
This marks a slow-down of the companys growth trends and from the 66.71% increase in Sep 30 2023.

In the Capital Goods sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 385, from total ranking in previous quarter at 895.

Operating Income TTM Q/Q Growth Statistics
High Average Low
278.8 %
21.05 %
-54.87 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 26
Capital Goods Sector # 50
Overall # 385

Operating Income TTM Y/Y Growth Statistics
High Average Low
278.8 %
21.05 %
-54.87 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 26
Sector # 58
S&P 500 # 464
Cumulative Operating Income growth Comment
Assuming the Agco's fiscal year would have ended in Dec 31 2023, Agco would have reprted above average annual Operating Income rise of 34.38% year on year, of $ 1,700 millions.
This marks a slow-down of the companys growth trends and from the 66.71% increase in Sep 30 2023.

In the Capital Goods sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 385, from total ranking in previous quarter at 895.

Operating Income TTM Q/Q Growth Statistics
High Average Low
278.8 %
21.05 %
-54.87 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 26
Capital Goods Sector # 50
Overall # 385

Operating Income TTM Y/Y Growth Statistics
High Average Low
278.8 %
21.05 %
-54.87 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 26
Sector # 58
S&P 500 # 464




Other Operating Income Growth
Industrial Machinery and Components Industry Operating Income Growth Trends and Statistics
Capital Goods Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
AGCO's Operating Income Growth Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for AGCO's Competitors
Operating Income Growth for Agco's Suppliers
Operating Income Growth for AGCO's Customers

You may also want to know
AGCO's Annual Growth Rates AGCO's Profitability Ratios AGCO's Asset Turnover Ratio AGCO's Dividend Growth
AGCO's Roe AGCO's Valuation Ratios AGCO's Financial Strength Ratios AGCO's Dividend Payout Ratio
AGCO's Roa AGCO's Inventory Turnover Ratio AGCO's Growth Rates AGCO's Dividend Comparisons



Companies with similar Operating Income increase for the quarter ending Dec 31 2023 within Capital Goods SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Curtiss wright Corporation-3.87%$ -3.868 millions
D r Horton Inc -4.74%$ -4.742 millions
Installed Building Products Inc -4.78%$ -4.781 millions
Standex International Corp-7.10%$ -7.099 millions
Ducommun Incorporated-7.87%$ -7.871 millions
Idex Corp-8.29%$ -8.286 millions
John Bean Technologies Corporation-8.85%$ -8.853 millions
Tennant Co-13.73%$ -13.732 millions
Jacobs Solutions Inc -14.19%$ -14.189 millions
Agco Corp-15.61%$ -15.608 millions
Nvr Inc -16.94%$ -16.936 millions
Sci Engineered Materials inc -18.02%$ -18.017 millions
Kennametal Inc -19.76%$ -19.757 millions
Itt Inc -21.27%$ -21.272 millions
Watsco Inc -21.45%$ -21.454 millions
Terex Corp-23.12%$ -23.123 millions
Douglas Dynamics Inc-24.08%$ -24.083 millions
Atkore Inc -24.23%$ -24.234 millions
Energizer Holdings Inc -24.43%$ -24.433 millions
Beazer Homes Usa Inc -28.90%$ -28.900 millions
Littelfuse Inc-31.51%$ -31.506 millions
Twin Disc Inc-31.60%$ -31.596 millions
Hudson Technologies Inc-33.29%$ -33.286 millions
Meritage Homes Corporation-35.19%$ -35.188 millions
Tri Pointe Homes Inc -35.92%$ -35.922 millions
Acm Research Inc -35.98%$ -35.981 millions
Trio tech International-36.67%$ -36.670 millions
Lam Research Corporation-37.08%$ -37.077 millions
The Middleby Corporation-39.06%$ -39.059 millions
Mi Homes Inc -40.76%$ -40.760 millions




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