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Core Viewpoint - FMC's recent earnings report showed a significant improvement in earnings and sales, but the stock has underperformed the S&P 500, raising questions about future performance leading up to the next earnings release [1][2]. Earnings Performance - In Q3 2024, FMC reported earnings of 52 cents per share, a recovery from a loss of 3 cents in the same quarter last year. Adjusted earnings per share were 69 cents, exceeding the Zacks Consensus Estimate of 49 cents [2]. - Revenues reached approximately $1.06 billion, reflecting a 9% increase year-over-year and surpassing the Zacks Consensus Estimate of $1.03 billion [2]. Volume and Pricing Dynamics - The revenue growth was driven by a 17% year-over-year increase in volumes, although this was partially offset by a 5% decline in prices and a 3% negative impact from currency fluctuations [3]. - Volume growth was particularly strong in Latin America and North America, despite lower pricing pressures in Latin America due to challenging market conditions in Brazil and Argentina [3]. Regional Sales Performance - North America saw a 48% year-over-year increase in sales to $236 million, exceeding the consensus estimate of $205.9 million [4]. - Latin American sales increased by 8% year-over-year to $504 million, beating the consensus estimate of $484.2 million [4]. - In Asia, revenues declined by 10% year-over-year to $187 million, while EMEA experienced a 7% decline to $139 million, missing the consensus estimate [5]. Financial Position - FMC reported cash and cash equivalents of $416.7 million, down approximately 12% sequentially, with long-term debt remaining flat at $3.03 billion [6]. - The company generated cash from operations of $160 million and free cash flow of $132 million in Q3 [6]. Guidance and Future Outlook - For 2024, FMC projects revenues between $4.33 billion and $4.44 billion, indicating a 2% decline at the midpoint compared to 2023. Adjusted EBITDA is expected to be in the range of $885-$915 million, suggesting an 8% decline at the midpoint [7]. - Fourth-quarter revenues are forecasted to be between $1.3 billion and $1.41 billion, reflecting a 19% increase at the midpoint compared to Q4 2023 [8]. - Adjusted earnings for the fourth quarter are expected to range from $1.47 to $1.83, indicating a 54% rise at the midpoint compared to the same period last year [9]. Estimate Trends - Recent estimates for FMC have shown a downward trend, indicating a shift in market expectations [10][12]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [12]. VGM Scores - FMC has a poor Growth Score of F, a Momentum Score of D, and a Value Score of B, resulting in an aggregate VGM Score of D [11].

Core Viewpoint - Leviathan Gold Ltd. has entered into a share exchange agreement to acquire 100% of LS Lithium Corp., which will be renamed Foca Metals Corp., thereby gaining a 100% indirect interest in the highly prospective Foča Project in Bosnia and Herzegovina [2][14][15] Project Overview - The Foča Project encompasses a land area of 100.7 square kilometers across three exploration licenses, targeting silver and base metals, and is located approximately 100 kilometers south of Adriatic Metals' Vareš project [3][14] - Historical drilling records indicate an average mineralized thickness of 15 meters at a grade of 13.25% Pb+Zn at the Vrela Prospect, with recent rock chip sampling returning values of up to 347 g/t Ag, 10.1% Pb, and 40% Zn [6][14] Geological Context - The Foča district is situated in the Central Dinaride metallogenic zone, characterized by a geological succession of Palaeozoic basement and overlying Triassic and Jurassic-Cretaceous rocks [16][17] - The region has a history of significant mineral production, notably from the Trepča Mines complex in Kosovo, which produced 60.5 million tons at an average grade of 8% Pb+Zn [4][14] Exploration Potential - Recent soil sampling has identified continuous base metal anomalies extending over 2 kilometers beyond historic drilling areas, indicating the potential for larger mineralization [6][14] - Key targets include the Vrela Prospect and the Barice Prospect, with the latter showing massive sulphide mineralization and rock chip assays returning grades of up to 4.48% Cu, 110 g/t Ag, 30.2% Pb, and 6.45% Zn [7][14] Strategic Advantages - Changes to the Law on Geological Exploration in Republika Srpska are viewed as mining-friendly, enhancing land availability and providing a first-mover advantage in a largely unexplored area [8][14] - The acquisition positions Leviathan to leverage its team's experience in the Balkan mineral systems, particularly in Bosnia, to advance exploration efforts [15][14]

Investors in FMC Corporation (FMC) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $40.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also m ...

FMC's International Revenue Performance - FMC's total revenue for the quarter ended September 2024 was $1.07 billion, marking an 8.5% year-over-year increase [4] - Latin America contributed 47.32% ($504.1 million) of total revenue, exceeding Wall Street expectations by 4.11% [5] - Europe/Middle East/Africa generated $139.3 million (13.07% of total revenue), falling short of analyst projections by 10.42% [6] - Asia accounted for $186.5 million (17.51% of total revenue), surpassing expectations by 6.74% [7] Regional Revenue Trends - Latin America's revenue share increased significantly compared to the previous quarter (29.58%) and year-ago quarter (47.47%) [5] - Europe/Middle East/Africa's revenue share declined from 19.38% in the previous quarter and 15.17% in the year-ago quarter [6] - Asia's revenue share decreased slightly from 18.41% in the previous quarter and 21.10% in the year-ago quarter [7] Future Revenue Projections - Wall Street analysts project FMC's next quarter revenue at $1.36 billion, an 18.8% increase year-over-year [8] - Expected revenue contributions: Latin America 37.8% ($514.83 million), Europe/Middle East/Africa 14.3% ($194.28 million), Asia 19.3% ($263.28 million) [8] - Full-year revenue is projected at $4.38 billion, a 2.4% decrease from the previous year [9] Stock Performance and Market Position - FMC's stock increased 1.5% over the past month, outperforming the Zacks S&P 500 composite (-1%) and the Basic Materials sector (-3.4%) [13] - Over three months, FMC shares rose 5.8%, surpassing the S&P 500's 3.6% gain and the sector's 1.6% decline [13] - FMC currently holds a Zacks Rank 3 (Hold), indicating potential market-aligned performance [13]

PHILADELPHIA, Nov. 1, 2024 /PRNewswire/ --FMC Corporation (NYSE:FMC) and Environmental Science U.S. LLC, known as Envu, today announced the successful completion of the sale of FMC's Global Specialty Solutions (GSS) business to Envu. The companies announced the signing of a definitive acquisition agreement on July 11, 2024, and have now satisfied all necessary conditions and regulatory approvals.       The divestiture of GSS, which includes a line of products that serve a diverse mix of non-crop markets suc ...

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, 2024 or ☐ Transition Report Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 For the transition period from _______ to _______ Co ...

FIME Q3 2024 Earnings Presentation FMC CORPORATION 1 An Agricultural Sciences Company Q3 2024 Earnings Presentation October 30, 2024 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this presentation are forwardlooking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook for our company based on currently available information. In some cases, you can ...

Financial Data and Key Metrics Changes - The company reported a sales growth of 9% in Q3 2024, with organic sales growth of 12% and volume growth of 17% [18][22] - Adjusted EBITDA grew 15% year-over-year, exceeding the high end of guidance [22] - Free cash flow in Q3 was $132 million, an improvement of $100 million compared to the prior year [31] Business Line Data and Key Metrics Changes - Sales of diamide products increased by 58% compared to the prior year, with strong performance across all regions [11] - New products, particularly fluindapyr and Isoflex-based products, are expected to generate over $100 million in sales in the second half of the year [12] - Insecticides in North America saw significantly higher sales due to increased orders from diamide products [19] Market Data and Key Metrics Changes - North America sales increased by 48%, driven by strong volume growth [19] - Latin America sales grew by 8%, with 15% growth excluding currency effects, despite challenges in Brazil and Argentina [19] - Asia experienced a 10% sales decline, primarily due to lower sales in India [21] Company Strategy and Development Direction - The company is focusing on maintaining market share in Latin America despite pricing pressures, with a strategy to protect market position [9][14] - Cost savings from restructuring are targeted at $125 million to $150 million for 2024, with a gross run rate of over $225 million in 2025 [16][24] - The company plans to introduce four new active ingredients and develop a post-pattern defense strategy for diamides [34] Management's Comments on Operating Environment and Future Outlook - Management noted that while Latin America faced unexpected challenges, North America performed stronger than anticipated [7][10] - The company expects channel inventory recoveries to improve in the U.S. and Europe by the end of Q1 2025, while Asia may not recover until 2026 [15] - Management remains confident in achieving full-year guidance despite ongoing challenges in certain markets [17] Other Important Information - The company confirmed the sale of its Global Specialty Solutions business for $350 million, expected to close in early November [24] - The effective tax rate for adjusted earnings for 2024 has been lowered to a range of 13% to 15% [28] Q&A Session Summary Question: Update on 2025 revenue growth expectations - Management reiterated a target of around 6% revenue growth for 2025, with potential for higher cost savings [36][37] Question: Conditions in Latin America - Management acknowledged that Q3 was more challenging than expected due to weather and market conditions, but noted improvements in Q4 [40][41] Question: Forward pricing trajectory - Management indicated that pricing pressure is correlated with market conditions, with diamides showing less pressure compared to other products [43][45] Question: Volume gains in North America - Growth to diamide partners accounted for more than half of the growth, with all sales directed to wholesalers [47] Question: R&D spending approach - Management clarified that R&D cost reductions are sustainable and will not impact the launch of new products [49][51] Question: Visibility on new product orders - Approximately 40% of forecasted orders for Q4 have been secured in Brazil, indicating a recovering market [65] Question: Pricing challenges in Latin America - Management expects mid-single-digit price decreases in Q4, with pricing pressure likely to persist into 2025 [79][80]

FMC Corporation (FMC) logged earnings of 52 cents per share in third-quarter 2024. This compares favorably with a loss of 3 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 69 cents, topping the Zacks Consensus Estimate of 49 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues were $1,065.4 million, up around 9% from the year-ago quarter's level. The top line surpassed the Zacks Consensus Estimate of $1,030.5 million. The top line in ...