FMC Corporation (FMC) reported earnings of $8.77 per share in fourth-quarter 2023 compared with $2.17 reported in the year-ago quarter.Barring one-time items, adjusted earnings per share were $1.07, missing the Zacks Consensus Estimate of $1.09.Revenues were $1,146.1 million in the quarter, down around 29% from the year-ago quarter’s levels. The top line fell short of the Zacks Consensus Estimate of $1,249.2 million.A 25% decline in volumes impacted FMC’s revenues in the fourth quarter.  A 5% decline in pri ...

Key TakeawaysFMC shares fell sharply after the chemical maker issued first-quarter earnings guidance significantly below analysts' expectations due to weak sales volumes and destocking challenges.The company's Latin American business reported a 38% decline in fourth-quarter sales, compounded by drought conditions in Brazil.Although the FMC share price has recently clawed back above the 50-day moving average, it appears poised to retest the key $50 level. FMC Corporation Source: TradingView.com.Shares in ...

FMC Corp. shares slumped in premarket trade on Tuesday as the Philadelphia fertilizer company issued a weak outlook after missing fourth-quarter sales estimates.FMC stock FMC, -1.64% skidded 16% as the company posted adjusted earnings of $1.07 a share, a drop of 55%, on a 29% drop in revenue to $1.15 billion. Analysts polled by FactSet expected earnings of $1.08 per share on revenue of $1.24 billion.“During the fourth quarter we observed continued channel destocking in all regions, while drought in Brazil a ...

FMC (FMC) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.83%. A quarter ago, it was expected that this chemical producer would post earnings of $0.45 per share when it actually produced earnings of $0.44, delivering a surprise of -2.22%.Over the last four quarters, the company has ...

New products and branded diamides delivered strong results despite continued destocking.  Fourth Quarter 2023 Highlights Revenue of $1.15 billion, a decrease of 29 percent versus Q4 2022 and down 30 percent organically1 Consolidated GAAP net income of $1.10 billion, up 291 percent versus Q4 2022 Adjusted EBITDA of $254 million, down 41 percent versus Q4 2022 Consolidated GAAP earnings of $8.77 per diluted share, up 304 percent versus Q4 2022 Adjusted earnings of $1.07 per diluted share, down 55 percent ver ...

Analysts on Wall Street project that FMC (FMC) will announce quarterly earnings of $1.09 per share in its forthcoming report, representing a decline of 54% year over year. Revenues are projected to reach $1.25 billion, declining 23% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 25.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...

FMC (FMC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 5, 2024, might help the stock move higher if these key numbers are better than expectati ...

PHILADELPHIA, Jan. 25, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that its 2024 annual meeting of stockholders will be held via live webcast on Tuesday, April 30, 2024, at 2:00 p.m. ET. Instructions for accessing the webcast will be available on the company's Investor Relations website, located at https://investors.fmc.com. About FMC FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world populatio ...

simonkrIntroduction The stock of the agri science specialist FMC Corp. (NYSE:FMC) has encountered a disastrous 12 months, losing over half its value, even as its peers from the material space have remained steady, and the broader markets have generated returns of 21%. YChartsThe significant erosion of wealth may have scared quite a few investors, leaving them hesitant to consider this stock, but once Q1 is out of the way, FMC would be in a good spot to reclaim lost ground. Nonetheless here are three br ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 For the transition period from _______ to _______ Co ...