FMC Corporation’s (FMC) shares have shot up 18% over the past three months, outperforming the broader chemical - diversified industry's rise of 8.7%. FMC has also topped the S&P 500’s roughly 5.2% rise over the same period.Let’s dive into the factors behind FMC stock’s price appreciation. Image Source: Zacks Investment ResearchFMC Stock Gains on New Products & Restructuring ActionsFMC delivered better-than-expected results in the second quarter on the back of higher volumes. It saw improved demand in the qu ...

PHILADELPHIA, Sept. 30, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced an agreement with Ballagro Agro Tecnologia Ltda., a pioneer and leader in fungi-based biosolutions, to provide growers in Brazil with a broad portfolio of differentiated biological solutions. The agreement is part of FMC's strategic plan to grow its biologicals platform in key markets like Brazil.As part of the agreement, FMC Brazil will license and distribute key leading ...

Core Insights - FMC Corporation has transitioned into an agriscience company since 2019, achieving a revenue growth of 8% CAGR from 2019 to 2022 in a mature crop protection sector [1] - The company experienced a decline in revenue in 2023, which is attributed to various factors affecting the industry [1] Group 1 - FMC Corporation's revenue growth from 2019 to 2022 was notable at 8% CAGR [1] - The decline in revenue in 2023 marks a significant shift for the company after years of growth [1]

PHILADELPHIA, Sept. 24, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, together with the UN Global Compact Network (UNGC) USA, convened global public and private sector leaders for a roundtable discussion on the future of sustainable food systems. The roundtable, "Sustainable Food Systems: Paving the Way for a Greener Future," was held during UNGC's flagship event on the contributions of the U.S. private sector to advancing the 2030 agenda on sustainable de ...

Core Viewpoint - FMC Corporation's stock has significantly underperformed compared to its peers and the broader market, primarily due to declining sales volumes and high debt levels, with potential for modest recovery in the future [1][3][10] Group 1: Stock Performance - FMC Corporation's stock currently trades around $64 per share, approximately 51% below its pre-inflation shock high of $131 in April 2022 [1] - The stock has seen a decline of 10% compared to CF Industries, which has fared better during the same period [1] - FMC's stock was trading at around $101 in June 2022, indicating a 36% drop since then, while the S&P 500 index has gained 51% over the same timeframe [1] Group 2: Financial Performance - FMC's revenue decreased from $5.0 billion in 2021 to $4.1 billion in the last twelve months, attributed to lower sales volumes and destocking [8] - The company's operating margin contracted from 22.5% in 2021 to 13.9% currently, although Q2 sales showed a 4% year-over-year increase [8] - FMC expects revenue in 2024 to range from $4.30 billion to $4.50 billion, reflecting a 2% decline at the midpoint compared to 2023 [8] Group 3: Debt and Cash Position - FMC's total debt rose from $3.3 billion in 2021 to $4.2 billion now, while cash decreased from $517 million to $472 million [9] - The company has a high debt-to-equity ratio of around 50%, indicating a concerning financial position [9] - Cash as a percentage of assets is under 4%, suggesting limited liquidity [9] Group 4: Market Conditions and Future Outlook - The uncertain macroeconomic environment, including potential rate cuts and geopolitical tensions, raises questions about FMC's performance over the next 12 months [3] - Analysts estimate an average price target of $72 for FMC, indicating a potential upside of around 12% from current levels [3] - The company has room for growth, trading at 2x trailing revenues compared to its average P/S ratio of 2.3x over the last three years [3]

Core Viewpoint - FMC Corporation will release its third quarter 2024 earnings on October 29, 2024, after market close, followed by a public webcast conference call on October 30, 2024, at 9:00 a.m. ET [1] Group 1: Earnings Release Information - The earnings release will be available via PR Newswire and the company's website [1] - A conference call will be hosted on October 30, 2024, with details for internet broadcast and telephone access provided [1] - A replay of the conference call will be accessible from October 30, 2024, until November 20, 2024 [1] Group 2: Company Overview - FMC Corporation is a global agricultural sciences company focused on providing solutions for food, feed, fiber, and fuel production [3] - The company offers innovative crop protection solutions, including biologicals, crop nutrition, and digital agriculture [3] - FMC employs approximately 5,800 people across more than 100 sites worldwide, emphasizing the discovery of new agricultural technologies [3]

FMC Corporation (FMC) benefits from efforts to expand its product portfolio through new product launches and its restructuring actions amid headwinds from pricing and cost pressures and a slower demand recovery.FMC’s shares are down 14.1% in a year compared with a 7.1% decline of its industry.Image Source: Zacks Investment Research Let’s find out why FMC stock is worth retaining at the moment.New Products, Restructuring Actions Aid FMC StockFMC remains focused on strengthening its product portfolio. It is i ...

FMC Corporation’s (FMC) shares have gained 9.6% over the past three months. The company has also outperformed its industry’s decline of 7.8% over the same time frame. FMC has also topped the S&P 500’s roughly 2.9% rise over the same period.Let’s dive into the factors behind this Zacks Rank #3 (Hold) stock’s price appreciation. Image Source: Zacks Investment Research New Products, Restructuring Actions Aid FMC StockFMC delivered better-than-expected results in the second quarter on the back of higher volumes ...

Core Insights - FMC Corp reported strong earnings for Q2 2024, with earnings per share of $2.35, significantly up from 24 cents in the same quarter last year, and adjusted earnings of 63 cents, surpassing estimates [2] - Revenues reached approximately $1.04 billion, a 2% increase year-over-year, driven by a 14% rise in sales volumes, despite a 10% decline in prices and a 2% currency headwind [2] - The company has updated its full-year 2024 revenue outlook to between $4.30 billion and $4.50 billion, indicating a 2% decline at the midpoint compared to 2023 [5] Financial Performance - FMC's cash and cash equivalents stood at $471.5 million, reflecting a 13% sequential increase, while long-term debt remained stable at approximately $3.03 billion [4] - The company forecasts third-quarter revenues between $1 billion and $1.09 billion, suggesting a 6% increase at the midpoint compared to Q3 2023 [5] Regional Sales Performance - North America saw a 24% year-over-year sales increase to $339 million, exceeding the consensus estimate [3] - Latin America reported a 14% increase in sales to $307 million, primarily driven by higher volumes in Brazil, also beating estimates [3] - In contrast, Asia experienced a 28% decline in revenues to $191 million, falling short of expectations due to lower volumes in India [3] Guidance and Estimates - Adjusted EBITDA for 2024 is expected to range from $880 million to $940 million, indicating a 7% decline at the midpoint compared to the previous year [5] - Adjusted earnings per share are forecasted between $3.02 and $3.64, reflecting a 12% year-over-year decline at the midpoint [5] - Consensus estimates have trended downward, with a notable shift of -28.66% in the past month [7] VGM Scores - FMC holds an average Growth Score of C, a Momentum Score of F, and a Value Score of C, placing it in the middle 20% for investment strategy [8]

FMC Corporation’s (FMC) shares have gained 14.1% over the past six months. The company has also outperformed its industry’s rise of 2.6% over the same time frame. FMC has also topped the S&P 500’s roughly 9.7% rise over the same period.Let’s take a look into the factors that are driving this Zacks Rank #3 (Hold) company. Image Source: Zacks Investment Research What’s Working in FMC’s Favor?FMC delivered forecast-topping results in the second quarter on the back of higher volumes. Adjusted earnings per share ...