Tariffs

Duluth, Georgia – October 29, 2026 -- AGCO reported third-quarter 2026 net sales of $2.3 billion, down 8.6% year-over-year, as weak demand in Europe/Middle East and Latin America outweighed a 35.1% constant-currency sales jump in North America. Excluding a 0.1% favorable currency effect, sales declined 8.7%.

Reported earnings were $0.75 per share, against $4.09 in the third quarter of 2025. Adjusted earnings fell to $1.05 per share from $1.35.

AGCO targets $5.50 adjusted EPS on $9.8-$10.0 billion in 2026 sales

The company projects adjusted operating margin of about 7.0%. It plans to align production volumes with dealer inventory and market demand, supported by pricing discipline and cost controls. The outlook reflects tariff policies as of October 29, 2026, and AGCO warned that any policy changes could affect the projections.

CLEVELAND – October 29, 2026 -- Preformed Line Products (NASDAQ: PLPC) lifted third-quarter 2026 net sales 18% to $209.5 million, from $178.1 million a year earlier, while gross margin widened 370 basis points to 33.4%.

Net income reached $18.0 million, or $3.56 per diluted share, against $2.6 million, or $0.53 per share, in Q3 2025. Adjusted for charges tied to the U.S. Pension Plan termination in Q3 2025, diluted EPS rose 70%. Currency translation added $3.1 million to quarterly sales and $0.4 million to net income.

PLP-USA drives growth on transmission and distribution demand

PLP-USA delivered more than $100 million in net sales for the second consecutive quarter, driven mainly by transmission and distribution markets. For the first nine months, PLP-USA net sales grew 28%.

Norwalk, Conn. – October 27, 2026 -- Second-quarter 2026 revenue rose 22.0 percent to $1.92 billion, while adjusted operating margin widened 690 basis points to 10.6 percent. A $105 million pre-tax benefit from recognizing IEEPA tariff receivables contributed to the profit figures.

Reported revenue growth contrasts with a 6.5 percent pro forma decline

Revenue grew 21.2 percent in constant currency. On a pro forma basis, revenue fell 6.5 percent, so the headline increase is not matched by the like-for-like comparison.

Adjusted operating income rises $144 million to $203 million

GAAP net income reached $13 million, or $0.07 per share. That is up $119 million, or $0.94 per share, year-over-year.

Adjusted net income came in at $55 million, or $0.38 per share, up $132 million, or $1.02 per share.