Why did AGCO's operating expenses surge in Q2 2024?

AGCO's operating expenses surged in Q2 2024 due to several factors: 1. **Increased Employee Costs and Stock-Based Compensation**: This was a significant contributor to the rise in operating expenses. Higher employee costs, including salaries, benefits, and payroll taxes, can significantly impact the operating expense line. Additionally, stock-based compensation, which is often granted to employees as part of their compensation package, can fluctuate based on the company's stock price and compensation policies. 2. **Corporate Expenses**: Corporate expenses, which include costs related to running the company's infrastructure, such as rent, utilities, and maintenance, can also contribute to the overall operating expenses. If AGCO incurred significant corporate expenses in Q2 2024, it could explain the surge in operating expenses. In summary, the surge in AGCO's operating expenses in Q2 2024 was likely a result of a combination of increased employee costs and stock-based compensation, along with higher corporate expenses.