Why Is Agricultural Machinery Company AGCO Stock Falling Today?
Why Is Agricultural Machinery Company AGCO Stock Falling Today?
AGCO Corporation (NYSE:AGCO) shares are trading lower on Tuesday.
周二，AGCO公司（纽交所：AGCO）的股票价格下跌。
In an exchange filing, the company announced a restructuring program, flagging an increased weakening demand in the agriculture industry.
在一份交易所文件中，该公司宣布一项重组计划，指出农业行业需求的加剧削弱。
The initial phase of the program will result in a net reduction of the company's salaried workforce by up to approximately 6% as compared to its salaried workforce as of December 31, 2023.
该计划的初始阶段将导致公司薪资工人人数减少约6％，相较于2023年12月31日薪资工人总数。
The first stage of the program aims to cut structural costs, streamline the workforce, and improve global efficiencies by adapting corporate and back-office functions, optimizing technology use, and leveraging global centers of excellence.
计划的第一阶段旨在削减结构成本，优化员工队伍，并通过适应公司和后勤职能，优化技术使用，以及利用全球卓越中心来提高全球效率。
AGCO estimates it will incur charges for one-time termination benefits in connection with this phase of approximately $150 million to $200 million.
AGCO估计将因这一阶段一次性终止福利而产生约1.5亿到2亿美元的费用。
The company expects most of these cash charges to be incurred in 2024 and the first half of 2025.
公司预计这些现金费用大部分将在2024年和2025年上半年发生。
AGCO expects annual run-rate benefits and cost savings of approximately $100 million to $125 million from this phase.
AGCO预计这一阶段将产生每年1亿到1.25亿美元的经常性收益和成本节约。
Also, the company expects to evaluate other opportunities to further enhance operating efficiencies that could result in additional restructuring charges from future phases of the program.
此外，公司预计将评估其他增强运营效率的机会，这可能会导致计划未来阶段的额外重组费用。
According to Benzinga Pro, AGCO stock has lost over 25% in the past year. Investors can gain exposure to the stock via Global X AgTech & Food Innovation ETF (NASDAQ:KROP) and ETF Series Solutions Distillate Small/Mid Cash Flow ETF (NYSE:DSMC).
据Benzinga Pro报道，过去一年中，AGCO股票已经下跌超过25％。投资者可以通过Global X AgTech＆Food Innovation ETF（纳斯达克：KROP）和ETF Series Solutions Distillate Small/Mid Cash Flow ETF（纽交所：DSMC）获得该股的曝光。
Price Action: AGCO shares are trading lower by 3.89% to $97.91 at last check Tuesday.
据最新数据，AGCO的股价下跌了3.89％，报97.91美元/股。
Photo via Shutterstock
图片来自shutterstock。