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.
週二，AGCO公司（紐交所：AGCO）的股票價格下跌。
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，該公司宣佈一項重組計劃，指出農業行業需求的加劇削弱。
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.
該計劃的初始階段將導致公司薪資工人人數減少約6％，相較於2023年12月31日薪資工人總數。
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.
計劃的第一階段旨在削減結構成本，優化員工隊伍，並通過適應公司和後勤職能，優化技術使用，以及利用全球卓越中心來提高全球效率。
AGCO estimates it will incur charges for one-time termination benefits in connection with this phase of approximately $150 million to $200 million.
AGCO估計將因這一階段一次性終止福利而產生約1.5億到2億美元的費用。
The company expects most of these cash charges to be incurred in 2024 and the first half of 2025.
公司預計這些現金費用大部分將在2024年和2025年上半年發生。
AGCO expects annual run-rate benefits and cost savings of approximately $100 million to $125 million from this phase.
AGCO預計這一階段將產生每年1億到1.25億美元的經常性收益和成本節約。
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，公司預計將評估其他增強運營效率的機會，這可能會導致計劃未來階段的額外重組費用。
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).
據Benzinga Pro報道，過去一年中，AGCO股票已經下跌超過25％。投資者可以通過Global X AgTech＆Food Innovation ETF（納斯達克：KROP）和ETF Series Solutions Distillate Small/Mid Cash Flow ETF（紐交所：DSMC）獲得該股的曝光。
Price Action: AGCO shares are trading lower by 3.89% to $97.91 at last check Tuesday.
據最新數據，AGCO的股價下跌了3.89％，報97.91美元/股。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。