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FMC: Fertile But Risky Grounds
Seeking Alpha· 2024-07-14 16:13
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 Corp (FMC) Divests GSS Business to Envu for $350 Million
ZACKS· 2024-07-12 15:11
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 ...
FMC Corporation signs definitive agreement to sell Global Specialty Solutions business to Envu
Prnewswire· 2024-07-11 22:15
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 ...
FMC Corporation announces dates for second quarter 2024 earnings release and webcast conference call
Prnewswire· 2024-06-19 20:30
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 Corporation Board of Directors appoints Pierre Brondeau chairman and chief executive officer
Prnewswire· 2024-06-11 11:30
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 ...
Why Is FMC (FMC) Down 15.1% Since Last Earnings Report?
ZACKS· 2024-06-05 16:35
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 ...
FMC Receives Registration for Two Herbicides in Brazil
ZACKS· 2024-05-30 11:46
FMC Corporation (FMC) recently received Brazilian registration for its Azugro and Ezanya herbicides, which are geared for use in cotton, tobacco and wheat crops. The Azugro and Ezanya herbicides are powered by Isoflex active, FMC's brand name for bixlozone.Isoflex active is a novel herbicide when used in cereal. It is classified by the Herbicide Resistance Action Committee as a Group 13 herbicide. The two new formulations will provide farmers with new tools to efficiently manage herbicide resistance across ...
FMC Corporation obtains registration in Brazil for two herbicides powered by Isoflex® active
prnewswire.com· 2024-05-28 20:30
PHILADELPHIA, May 28, 2024 /PRNewswire/ --Azugro® and Ezanya® herbicides are powered by Isoflex® activeFMC Corporation (NYSE: FMC), a leading global agricultural sciences company, has received registration in Brazil for Azugro® and Ezanya® herbicides for use in cotton, tobacco and wheat crops. Azugro® and Ezanya® herbicides are powered by Isoflex® active, FMC's brand name for bixlozone. Isoflex® active is a novel herbicide when used in cereals and is classified by the Herbicide Resistance Action Committee ( ...
FMC Corporation releases 2023 sustainability report, publishes first Climate Transition Plan
Prnewswire· 2024-05-23 11:30
The 13th annual report highlights company's leadership in innovation, safety and sustainability PHILADELPHIA, May 23, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today released its 2023 sustainability report, From the Ground Up. The 13th annual report highlights the company's progress on its environmental goals, sustainable product innovation and community and stakeholder engagement. It is also the first publication of FMC's Climate Transition Plan, whic ...
FMC & Optibrium Partner for Crop Protection Technologies
zacks.com· 2024-05-16 13:15
FMC Corporation (FMC) has announced a partnership with Optibrium, a leading provider of software and artificial intelligence (AI) solutions for small molecule discovery. The collaboration is part of FMC's strategic objective to accelerate the discovery and commercialization of its pipeline.FMC's Discovery process will be expanded to include Optibrium's novel Augmented Chemistry AI technology, allowing speedier delivery of novel solutions to growers. Machine learning and AI approaches will be used to find po ...