PHILADELPHIA, March 18, 2024 /PRNewswire/ --  FMC Corporation (NYSE: FMC) announced today it will release its first quarter 2024 earnings on Monday, May 6, 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 Tuesday, May 7, 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.com United States (Local): +1 40 ...

mladenbalinovac FMC Corporation (NYSE:FMC) has seen some rough times in recent quarters. Experiencing pricing pressure and customer spending downturns have resulted in a sales decline of 29%. This has resulted in a stock price drop and a pessimistic outlook for the company. Excess customer inventory levels and droughts seem to have had the biggest impact on the sales decline over the recent year. Although these challenges will likely continue into 2024, FMC Corporation is working on cost initiatives to ...

FMC Corporation (FMC) established a partnership in Canada with Novonesis, a leader in plant biosolutions. The agreement is part of FMC's strategy to expand its biologicals platform in important markets.Staring Jun 1, 2024, FMC Canada will be the exclusive distributor of Novonesis' leading biosolution products for the 2025 growing season, including established brands such as TagTeam, Optimize, JumpStart, BioniQ, Cell-Tech, and Nitragin. Furthermore, the companies will pool their separate R&D resources to wor ...

FMC Canada and Novonesis announce a commercial agreement to bring innovative biological solutions to Canadian farmers PHILADELPHIA, March 12, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced a collaboration in Canada with Novonesis (formerly Novozymes A/S), a leader in plant biosolutions. The agreement is part of FMC's strategic plan to grow its biologicals platform in key markets. Beginning June 1, 2024, FMC Canada will be the exclusive distributor ...

FMC Corporation (FMC) is benefiting from its efforts to expand product portfolio, boost market position and its cost actions amid headwinds including soft demand conditions.The company’s shares are down 48.6% in a year compared with a 10.7% decline of its industry.Let’s find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment.Image Source: Zacks Investment ResearchNew Products, Cost Actions Aid FMCFMC remains focused on strengthening its product portfolio. It is investing in technologie ...

A month has gone by since the last earnings report for FMC (FMC) . Shares have added about 11.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is FMC due for a pullback? 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 catalysts. FMC Corp Misses Q4 Earnings and Revenue EstimatesFMC Corp reported ...

PHILADELPHIA, Feb. 29, 2024 /PRNewswire/ -- FMC Corporation (NYSE:FMC), an agricultural sciences company, today announced several changes to its executive leadership team as part of the company's previously announced transformation and restructuring initiative. Barry Crawford, vice president, Operations, is transitioning to a full-time executive role leading the company's transformation, effective March 1.  The scale and scope of FMC's restructuring and transformation requires the focused attention of a sen ...

PHILADELPHIA, Feb. 27, 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 April 18, 2024, to shareholders of record as of the close of business on March 28, 2024.   About FMC FMC 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 crop pro ...

Since the start of the war in Ukraine two years ago, the importance of food security has never been clearer. The interconnected nature of food production worldwide has made agriculture a cornerstone of the global economy. As such, many of the once locally-based agriculture companies have become lucrative stock options in the international markets.Yet, with this expansive success, several emerging challenges, such as increasing crop blights and loss of topsoil, must be addressed. This means the companies cur ...

Financial Performance - FMC revenues declined approximately 23 percent year over year in 2023, with a 22 percent organic decline excluding foreign currency impacts[19] - For the year ended December 31, 2023, the company reported revenue of $4,486.8 million, a decrease of 22.7% compared to $5,802.3 million in 2022[292] - Gross margin for 2023 was $1,831.0 million, down from $2,326.8 million in 2022, reflecting a decline of 21.3%[292] - The company incurred total costs and expenses of $3,931.2 million in 2023, compared to $4,658.0 million in 2022, representing a decrease of 15.6%[292] - Net income attributable to FMC stockholders for 2023 was $1,321.5 million, an increase of 79.4% from $736.5 million in 2022[292] - Basic earnings per share attributable to FMC stockholders for continuing operations increased to $11.34 in 2023 from $6.60 in 2022[292] - The company reported a comprehensive income of $1,374.6 million for 2023, compared to $606.5 million in 2022[296] - Net income for 2023 was $1,321.0 million, a significant increase of 78.1% compared to $741.5 million in 2022[304] Revenue Breakdown - Revenue from insecticides was $2,639.4 million in 2023, down 21.1% from $3,346.6 million in 2022[378] - The total revenue from herbicides was $1,278.4 million in 2023, down 22.6% from $1,651.6 million in 2022[378] - FMC's revenue from Latin America was $1,401.1 million in 2023, a decline of 32.9% from $2,088.2 million in 2022[377] Product Development and Innovation - Sales from products launched in the last five years reached approximately $590 million, accounting for 14 percent of total revenue[19] - New product launches in 2023 generated approximately $146 million in sales, including Premio Star in Brazil and Altacor Evo in the United States[19] - The diamide active ingredients Rynaxypyr and Cyazypyr generated combined sales of approximately $1.8 billion, representing about 39 percent of total revenue in 2023[19] - The company is investing in plant health, including biological products, to enhance crop yield and quality[380] - FMC announced the acquisition of BioPhero ApS on June 29, 2022, to enhance its R&D pipeline with pheromone insect control technology[399] Research and Development - Research and development expenses for 2023 were $328.8 million, slightly up from $314.2 million in 2022, indicating a focus on innovation[292] - Research and development efforts are focused on environmentally sound solutions, with continuous investments in the FMC Stine Research Center to upgrade infrastructure and equipment[50] - The company has a robust patent estate with 755 active granted patents related to its diamide products, providing a competitive advantage[33] Sustainability and Environmental Impact - FMC has established sustainability goals for 2025 and 2035, including a commitment to 100% research and development spend on sustainable products and a net-zero greenhouse gas emissions target by 2035[62] - The company has reduced Highly Hazardous Pesticides (HHPs) to approximately 0.1% of total sales in 2023, reflecting its commitment to product stewardship and sustainability[64] - Environmental liabilities are accrued based on estimates for remediation costs, which are reviewed quarterly and adjusted as necessary[361] - Environmental charges for 2023 amounted to $66.9 million, an increase from $34.7 million in 2022[429] Financial Position and Liabilities - Long-lived assets totaled approximately $5.46 billion as of December 31, 2023, a slight decrease from $5.52 billion in 2022[22] - The net financial instrument position as of December 31, 2023, was a net liability of $11.4 million, compared to a net liability of $4.6 million at the end of 2022[280] - The company's debt portfolio consisted of 79% fixed-rate debt and 21% variable-rate debt as of December 31, 2023[287] - Long-term debt increased to $3,023.6 million in 2023, up from $2,733.2 million in 2022, indicating a rise of 10.6%[302] Capital Expenditures and Investments - The company reported capital expenditures of $(133.9) million in 2023, slightly lower than $(142.3) million in 2022[309] - The company paid dividends totaling $290.5 million in 2023, compared to $267.5 million in 2022, an increase of 8.9%[309] - The company’s investments increased to $19.8 million in 2023 from $14.5 million in 2022, a growth of 36.6%[302] Restructuring and Charges - Restructuring charges for the year ended December 31, 2023, amounted to $48.4 million, a significant increase from a restructuring income of $26.1 million in 2022[414] - The company reported a total of $212.3 million in restructuring and other charges for 2023, compared to $93.1 million in 2022, reflecting a substantial increase in restructuring activities[414] - The company expects to incur pre-tax restructuring charges between $180 million and $215 million as part of the "Project Focus" initiative aimed at optimizing costs and productivity[419] Accounting and Compliance - New accounting guidance effective for the company includes ASU 2023-09, requiring improved transparency in income tax disclosures starting from the year ended December 31, 2025[368] - The company is evaluating the impacts of the OECD's Pillar Two Model Rules, which will impose a global minimum tax rate of 15% starting in 2024[370] - The company has adopted new accounting guidance effective January 1, 2023, to improve transparency regarding supplier finance programs[374]