AGCO Corporation, a global leader in agricultural machinery and precision ag technology, reported net sales of $2.1 billion for the first quarter ending March 31, 2025, marking a 30.0% decrease compared to the same period in 2024. The reported net income per share was $0.14, while the adjusted net income per share stood at $0.41. These figures contrast with the first quarter of 2024, where the reported and adjusted net income per share were $2.25 and $2.32, respectively. The decline in sales was primarily attributed to weaker end-market demand and lower production volumes, with significant reductions noted in regions such as Australia, Japan, and China. Income from operations decreased by $11.8 million during this period compared to the previous year. For the full year of 2025, AGCO reaffirmed its guidance with expected net sales of approximately $9.6 billion, reflecting the impact of lower sales volumes and actions taken to mitigate tariff impacts. Adjusted operating margins are projected to be between 7% and 7.5%, with targeted earnings per share ranging from $4.00 to $4.50. In terms of market dynamics, tractor sales in North America declined by 14%, while combine sales saw a sharper decline of 46%. Conversely, Brazil experienced an 11% increase in tractor sales, although combine sales decreased by 4%. Western Europe also faced decreases, with tractor and combine sales down by 17% and 34%, respectively. Eric Hansotia, AGCO's Chairman, President, and CEO, emphasized the company's efforts in cost reduction and inventory management, alongside a focus on retail sales to better position the company amidst global trade uncertainties and continued weak industry demand.