FMC Corporation announces second quarter earnings at higher end of guidance range; updates full-year outlook Exhibit 99.1 FMC Corporation 2929 Walnut Street Philadelphia, PA 19104 USA 215.299.6000 fmc.com Media contact: Nicole Canning +1.215.299.5916 Nicole.Canning@fmc.com Investor Contact: Curt Brooks +1.215.299.6137 Curt.Brooks@fmc.com Volume growth and restructuring savings drive year-over-year earnings improvement Second Quarter 2024 Highlights Full-Year Outlook 2 PHILADELPHIA, July 31, 2024 – FMC Corpo ...

Core Viewpoint - FMC Corporation reported a year-over-year earnings improvement driven by volume growth and restructuring savings, despite facing pricing pressures and foreign currency impacts [1]. Financial Performance - Q2 2024 revenue reached $1.04 billion, a 2% increase compared to Q2 2023, with a 4% organic growth [2][4]. - Consolidated GAAP net income was $295 million, translating to $2.35 per diluted share, reflecting an 879% increase year-over-year due to tax incentives [2][4]. - Adjusted EBITDA for Q2 2024 was $202 million, an 8% increase from the previous year [2][4]. - Free cash flow improved to $280 million, up $187 million from Q2 2023 [2][4]. Revenue Outlook - The full-year revenue outlook has been updated to a range of $4.30 billion to $4.50 billion, indicating a 2% decline at the midpoint compared to 2023 [3][5]. - Adjusted EBITDA guidance for the full year is now projected between $880 million and $940 million, a 7% decline at the midpoint versus 2023 [3][5]. - Adjusted earnings per diluted share are expected to range from $3.02 to $3.64, reflecting a 12% decrease at the midpoint compared to the previous year [3][5]. Market Dynamics - Demand improved in Q2 2024, particularly in the U.S. and Brazil, with a 14% increase in volume year-over-year [2][4]. - North America sales surged by 24%, driven by higher volumes in herbicides and strong growth from new product introductions [2][4]. - Latin America saw a 14% revenue increase, primarily in Brazil, while Asia experienced a 28% decline due to lower volumes [2][4]. Future Expectations - For the second half of 2024, sales are expected to range from $2.34 billion to $2.54 billion, a 15% increase at the midpoint compared to the previous year [6][7]. - Adjusted EBITDA for the second half is forecasted to be between $518 million and $578 million, representing a 28% growth at the midpoint versus the second half of 2023 [6][7]. - The company anticipates continued demand recovery, albeit slower than initially expected, with restructuring actions supporting earnings growth [8].

PHILADELPHIA, July 19, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on October 17, 2024, to shareholders of record as of the close of business on September 30, 2024.   About FMCFMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative cro ...

Core Viewpoint - FMC Corporation has elected John M. Raines to its Board of Directors, effective July 15, 2024, enhancing its leadership with his extensive experience in agriculture and consumer goods [1][2]. Group 1: Appointment Details - John M. Raines will serve on the Audit and Sustainability Committees of FMC Corporation [1]. - Raines has over three decades of experience in agriculture and consumer goods, having held significant leadership roles globally [2]. Group 2: Professional Background - Raines most recently served as president of Digital Agriculture and Consumer Goods at TELUS Corporation from 2021 to 2024, focusing on data-driven decision-making [2]. - Prior to his role at TELUS, Raines held leadership positions at The Climate Corporation and Monsanto Company [2]. - He is currently the president of Paris Bancshares, Inc. and serves on the Board of Directors for TPNB Bank and Sydenstricker Nobbe Partners [2]. Group 3: Company Insights - FMC Corporation is dedicated to providing innovative agricultural solutions to help growers meet the demands of a growing global population while addressing environmental challenges [4]. - The company employs approximately 6,200 individuals across more than 100 sites worldwide, focusing on developing new herbicides, insecticides, and fungicides [4].

JHVEPhoto/iStock Editorial via Getty ImagesIn the summer of 2022 I believed that FMC (NYSE:FMC) was boosting yields, for farmers and investors. That upbeat stance has been utterly wrong, as a $100 stock has nearly halved, while markets at large have been setting new highs. The company has taken on too much leverage and has been hurt by de-stocking trends, soft execution and some patent issues in its portfolio, all of which made FMC become a huge underperformer. If the company can stick to its outlook af ...

FMC Corporation (FMC) announced a definitive agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, LLC, known as Envu. Dedicated to innovations that enhance environmental health, Envu will acquire the GSS business for $350 million, subject to closing working capital adjustment.In November 2023, FMC disclosed its plans to explore strategic options for GSS, which offers a diverse range of products for non-crop markets such as golf courses, professional sports stadiums an ...

PHILADELPHIA, July 11, 2024 /PRNewswire/ --FMC Corporation (NYSE:FMC), a leading global agricultural sciences company, today announced it has signed a definitive agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, LLC, known as Envu, an environmental science company providing innovations that protect and enhance the health of environments around the world. Envu will purchase the GSS business for a purchase price of $350 million, subject to closing working capital adj ...

PHILADELPHIA, June 19, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC) announced today it will release its second quarter 2024 earnings on Wednesday, July 31, 2024, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.The company will host a webcast conference call on Thursday, August 1, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.Conference Call Details:Internet broadcast: https://investors.fmc.comUnited States (Local): +1 ...

FMC president and CEO Mark Douglas steps down from his position.Executive vice president Ronaldo Pereira has been elected FMC president.Company reaffirms second quarter 2024 revenue and earnings guidance ranges.PHILADELPHIA, June 11, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC) today announced that its Board of Directors has appointed Pierre Brondeau to be chief executive officer in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down from FMC f ...

A month has gone by since the last earnings report for FMC (FMC) . Shares have lost about 15.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is FMC due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. FMC's Earnings Surpass Estimates, Revenues Lag in Q1FMC reported a l ...