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AGCO Corp. profit plunges 70% in the first quarter
2015-04-28 16:41:30| Industrial Machines - Topix.net
AGCO Corp. saw its profit fall about 70 percent in the first quarter of 2015, hurt by restructuring costs and softer agricultural equipment demand. The Duluth, Ga.-based agricultural equipment maker reported revenue fell 27 percent to $1.7 billion, while profit plunged 70 percent to $29.9 million, or 34 cents a share.
India's "Tractor Queen" buys another $18M of AGCO shares
2015-04-21 20:43:38| Industrial Machines - Topix.net
One of the best known women entrepreneurs in India is once again plowing millions of dollars into the stock of U.S. agricultural equipment maker AGCO Corp. Mallika Srinivasan , who Forbes described in 2012 as " the tractor queen " of India, has in recent weeks bought nearly 400,000 shares of AGCO at a total cost of $18.6 million . Based in Duluth, Ga., AGCO is one of the United States' largest agricultural equipment companies, with 2014 sales of $9.7 billion.
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AGCO lowers Chairman Richenhagen's total compensation in 2014
2015-03-23 19:00:57| Industrial Machines - Topix.net
AGCO Corp. Chairman, President and CEO Martin Richenhagen 's total compensation decreased for the third year in a row in 2014. In a proxy filing with the Securities and Exchange Commission , the Duluth, Ga.-based agricultural equipment maker reported it gave Richenhagen a total comp package worth about $10.7 million.
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compensation
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lowers
Analysts' Ratings Reiterations for February, 5th (AGCO, CACI, CTSH, ...
2015-02-06 00:49:02| Industrial Machines - Topix.net
They currently have a $51.00 price target on the stock. Zacks' analyst wrote, "AGCO Corporation reported a 16% year-over-year decline in its fourth-quarter 2014 earnings to 1.18 per share due to significant production cuts and negative effect of currency translation.
Tags: february
ratings
5th
analysts
Russian Machines, AGCO Announce Joint Venture
2015-01-20 11:00:12| Industrial Machines - Topix.net
Russian Machines Corp., which is a part of Russia's leading diversified industrial group Basic Element, and AGCO Corp., a leading global producer of agricultural equipment announce that they have completed a joint venture deal. The deal signifies the start of operations of "AGCO-RM" for production of agricultural equipment.
Tags: russian
joint
machines
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