AGCO (AGCO) said Thursday that it expects 2025 adjusted EPS of $4.00 to $4.50 and net sales of about $9.6 billion, with market share gains seen more than offset by softening demand and ongoing dealer inventory destocking.

FactSet consensus for EPS is $6.31 and $10.7 billion for net sales. AGCO issued the projections at its 2024 analyst meeting.

The company also said it expects adjusted operating margin to be between 7.0% and 7.5%, reflecting the impact of lower sales and lower production volumes.

"This year, we're going to be a little bit under $1 billion in sales. And we're confident in our ability to more than double that to over $2 billion in sales by 2029," Chief Executive Eric Hansotia said in the analyst call.

Shares of AGCO fell past 5% in recent trading.

Price: 89.22, Change: -4.91, Percent Change: -5.22