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FMC Corporation announces election of Steven Merkt to Board of Directors
Prnewswire· 2025-04-29 20:30
Core Viewpoint - FMC Corporation has elected Steven Merkt to its Board of Directors, effective April 29, 2025, to enhance its strategic growth initiatives in the agricultural sciences sector [1][2]. Company Overview - FMC Corporation is a global agricultural sciences company focused on providing solutions for food, feed, fiber, and fuel production while adapting to environmental changes [4]. - The company emphasizes innovation in crop protection solutions, including biologicals, crop nutrition, and digital agriculture, to help growers tackle challenges economically and sustainably [4]. Leadership Appointment - Steven Merkt brings over 30 years of experience in international manufacturing, operational excellence, cybersecurity, and corporate governance [2][3]. - His previous role as president of the Transportation Solutions segment at TE Connectivity from 2012 to 2024 involved significant profitability growth and the development of a robust innovation pipeline [2]. - Merkt has held senior leadership positions in various sectors, including automotive, and has experience in managing complex Board governance issues [3]. Strategic Goals - The addition of Merkt to the Board is expected to provide valuable insights and leadership as FMC aims to strengthen its position as a global leader in agricultural sciences [2]. - Merkt expressed his commitment to accelerating FMC's mission and driving growth while ensuring operational excellence [4].
FMC to Report Q1 Earnings: What's in the Cards for the Stock?
ZACKS· 2025-04-29 12:05
Core Viewpoint - FMC Corporation is expected to report its first-quarter 2025 results on April 30, with a history of beating earnings estimates and a trailing four-quarter earnings surprise of approximately 20.2% [1][4] Earnings Performance - FMC has consistently exceeded Zacks Consensus Estimates for earnings in the last four quarters, with an earnings surprise of 11.1% in the most recent quarter [1][2] - The Earnings ESP for FMC is +34.04%, indicating a strong likelihood of an earnings beat this quarter [4] Revenue Estimates - The Zacks Consensus Estimate for FMC's first-quarter sales is $779 million, reflecting a 15.1% year-over-year decline [7] - Revenue estimates for different regions include: - North America: $224.2 million, a 13.4% decline [7] - Latin America: $137.9 million, a 26.6% decline [7] - EMEA: $278.5 million, a 9.2% decline [8] - Asia: $144.8 million, an 11.8% decline [8] Factors Influencing Performance - FMC is expected to benefit from new product launches and cost-control measures, which are anticipated to support its performance despite challenges [2][9] - The company is focusing on expanding its product portfolio and has seen strong sales from its growth portfolio, including new active ingredients [9] - Cost reductions and a favorable product mix are expected to positively impact margins, with restructuring actions projected to yield $165 million in adjusted EBITDA for full-year 2024 and over $225 million in savings by the end of 2025 [10] Challenges Faced - FMC is likely to encounter challenges from inventory de-stocking and pricing pressures, which may negatively affect volumes and revenues [11][12] - The company projects first-quarter revenues in the range of $750-$800 million, indicating a 16% decrease at the midpoint compared to the same period in 2024 [11] - Weaker prices are expected to continue impacting revenues, with a mid-to-high single-digit price decline anticipated due to adjustments in partner contracts [12]
FMC (FMC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2025-04-23 15:07
The market expects FMC (FMC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 30 ...
FMC Corporation names Sara Velazquez Ponessa as new general counsel
Prnewswire· 2025-04-22 20:30
Group 1: Leadership Transition - FMC Corporation announced the retirement of Michael F. Reilly after 23 years with the company, effective July 1, 2025 [1] - Sara Velazquez Ponessa has been appointed as the new executive vice president, general counsel, and corporate secretary, effective June 1, 2025 [1] - Reilly's tenure included significant contributions to FMC's transformation into a focused agricultural sciences company, overseeing strategic initiatives, acquisitions, and divestitures [1][2] Group 2: New General Counsel's Background - Ponessa previously served as senior business counsel at FMC from 2012 to 2018 and has extensive legal experience, including her role as general counsel at Livent Corporation [2][3] - At Livent, she led the legal aspects of the company's successful 2018 IPO and its 2019 spinoff from FMC [2] - Most recently, Ponessa was vice president, general counsel, and secretary at Arcadium Lithium plc, managing global legal and compliance functions [2][3] Group 3: Transition Support - Reilly will support Ponessa in her new role starting April 28 to ensure a smooth transition [4] Group 4: Company Overview - FMC Corporation is a global agricultural sciences company focused on providing innovative crop protection solutions to help growers meet the challenges of food production while protecting the environment [5]
FMC Secures Regulatory Approval for Keenali Herbicide in Peru
ZACKS· 2025-04-17 14:40
FMC Corporation (FMC) has received regulatory approvals for its Keenali herbicide, powered by Dodhylex active, in Peru. With this approval, FMC’s first active ingredient and commercial product has received global registration for this breakthrough herbicide technology. Dodhylex active is the first and only herbicide to be classified as a Group 28 herbicide by the Herbicide Resistance Action Committee and the Weed Science Society of America.This marks a huge step in the field of agricultural innovation and s ...
FMC Corporation secures first global registration for agricultural breakthrough, Dodhylex™ active
Prnewswire· 2025-04-16 20:30
Peru approves Keenali™ herbicide, transforming rice weed management in high-growth Latin American market PHILADELPHIA, April 16, 2025 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced it has received regulatory approval for Keenali™ herbicide powered by Dodhylex™ active (tetflupyrolimet) in Peru. The approval represents the first active ingredient and commercial product registration globally for this breakthrough herbicide technology. Dodhylex™ acti ...
FMC Deadline: FMC Purchasers Have Opportunity to Lead FMC Corporation Securities Fraud Lawsuit
Prnewswire· 2025-04-14 20:15
NEW YORK, April 14, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FMC Corporation (NYSE: FMC) between November 16, 2023 and February 4, 2025, both dates inclusive (the "Class Period"), of the important April 14, 2025 lead plaintiff deadline.So what: If you purchased FMC securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to do next: To ...
FMC Investors Have Final Opportunity Today to Lead FMC Corporation Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-04-14 07:23
Core Viewpoint - A class action lawsuit has been filed against FMC Corporation for alleged violations of securities laws, specifically related to misleading statements made to investors during the class period from November 16, 2023, to February 4, 2025 [1][2][4]. Group 1: Lawsuit Details - The Schall Law Firm is representing investors in a class action lawsuit against FMC Corporation for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased FMC's securities during the specified class period are encouraged to contact the law firm before April 14, 2025, to discuss their rights [2][3]. - The lawsuit claims that FMC made false and misleading statements regarding its channel management initiatives and failed to compete on price, leading to inflated inventories in various regions including LATAM, Asia, Canada, and Eastern Europe [4]. Group 2: Impact on Investors - The misleading public statements made by FMC resulted in damages to investors once the truth about the company's situation was revealed [4]. - The class action has not yet been certified, meaning that potential class members are not currently represented by an attorney unless they take action [3].
Final Deadline Today for the FMC Corporation Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - FMC
Prnewswire· 2025-04-14 03:50
Group 1 - The DJS Law Group is reminding investors of a class action lawsuit against FMC Corporation for violations of federal securities laws, specifically for shareholders who purchased securities between November 16, 2023, and February 4, 2025 [1][2] - The complaint alleges that FMC made false and misleading statements regarding its channel management initiatives and chose to walk away from sales opportunities, leading to inflated inventories in various regions including LATAM, Asia, Canada, and Eastern Europe [2] - Shareholders who suffered losses during the class period are encouraged to contact the DJS Law Group to participate in the lawsuit [2] Group 2 - DJS Law Group specializes in enhancing investor returns through balanced counseling and aggressive advocacy, focusing on securities class actions, corporate governance litigation, and M&A appraisals [3] - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [3]
FMC IMPORTANT DEADLINE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages FMC Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important April 14 Deadline in Securities Class Action – FMC
GlobeNewswire News Room· 2025-04-12 21:22
Core Viewpoint - Rosen Law Firm is reminding investors who purchased FMC Corporation securities between November 16, 2023, and February 4, 2025, of the upcoming lead plaintiff deadline on April 14, 2025, for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased FMC securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by April 14, 2025 [2] - The lawsuit alleges that FMC made false and misleading statements regarding its channel management initiatives and pricing strategies, leading to inflated inventory levels in various regions [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements since 2013 [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]