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Levi & Korsinsky Notifies FMC Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - FMC
Prnewswire· 2025-03-07 10:46
NEW YORK, March 7, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in FMC Corporation ("FMC Corporation" or the "Company") (NYSE: FMC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of FMC Corporation investors who were adversely affected by alleged securities fraud between November 16, 2023 and February 4, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/fmc-corporation-la ...
FMC (FMC) Up 9.8% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-03-06 17:36
Core Viewpoint - FMC Corp reported a loss in Q4 2024, with adjusted earnings per share beating estimates but revenues falling short, indicating mixed performance and potential challenges ahead [2][6]. Financial Performance - FMC reported a loss of 13 cents in Q4 2024, contrasting with earnings of $8.77 in the same quarter last year [2]. - Adjusted earnings per share were $1.79, surpassing the Zacks Consensus Estimate of $1.61 [2]. - Revenues for the quarter were approximately $1.22 billion, a 6.8% increase year-over-year, but below the Zacks Consensus Estimate of $1.32 billion [2]. - For the full year, FMC's revenues totaled around $4.25 billion, reflecting a 5.4% decrease from the previous year, with net income down 74.1% to $341.1 million [6]. Regional Sales Performance - North America sales increased 23% year-over-year to $340 million, although it missed the Zacks Consensus Estimate of $347.5 million [4]. - Latin America sales declined 10% year-over-year to $390 million, missing the Zacks Consensus Estimate of $516.9 million [4]. - Asia revenues rose 10% year-over-year to $307 million, exceeding the Zacks Consensus Estimate of $273.7 million [5]. - EMEA experienced an 18% year-over-year sales increase, reaching $188 million, beating the Zacks Consensus Estimate of $183 million [5]. Guidance and Future Outlook - Projected revenues for Q1 2025 are expected to be between $750 million and $800 million, indicating a 16% decrease at the midpoint from the same period in 2024 [8]. - Full-year 2025 revenues are anticipated to be in the range of $4.15 billion to $4.35 billion, roughly steady at the midpoint and up 3% after accounting for lost revenues from the GSS business divestiture [9]. - Adjusted EPS for 2025 is estimated to be between $3.26 and $3.70 per share, consistent with the previous year at the midpoint [9]. Market Sentiment and Estimates - There has been a downward trend in estimates, with the consensus estimate shifting down by 96.2% [10]. - FMC currently holds a Zacks Rank 5 (Strong Sell), indicating expectations of below-average returns in the coming months [12].
Investors in FMC Corporation Should Contact The Gross Law Firm Before April 14, 2025 to Discuss Your Rights - FMC
Prnewswire· 2025-03-06 10:45
NEW YORK, March 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of FMC Corporation (NYSE: FMC).Shareholders who purchased shares of FMC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/fmc-corporation-loss-submission-form/?id=134055&from=4 CLASS PERIOD: November 16, 2023 to Feb ...
Why FMC Stock Surged Today
The Motley Fool· 2025-03-05 19:57
Core Viewpoint - President Trump's impending tariffs on agricultural products have prompted retaliatory measures from China and Canada, yet FMC Corp's stock has seen a notable increase, suggesting investor confidence despite potential challenges [1]. Company Analysis - FMC Corp's stock price target has been downgraded from $72 to $55 by Seaport Global, reflecting concerns over a weak global macroenvironment and the impact of tariffs on agricultural product demand [3]. - Despite the downgrade, the new price target indicates a potential upside of nearly 41% from the current stock price, as FMC is expected to manage tariff impacts through procurement and pricing strategies [4]. - CEO Pierre Brondeau has been actively purchasing FMC shares, indicating his belief in the stock's value, having bought 54,000 shares worth approximately $1.9 million [5]. Revenue and Market Dynamics - FMC generates a significant portion of its revenue from international markets, with only 27% coming from North America in fiscal year 2024, highlighting its global exposure [6]. - The company faces risks from sourcing critical materials from suppliers outside the U.S., particularly China, which could hinder growth due to tariffs [7]. - FMC has projected flat revenue growth and a significant decline in free cash flow for 2025, indicating potential challenges ahead [7].
FMC Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 14, 2025 to Discuss Your Rights - FMC
Prnewswire· 2025-03-04 10:45
Core Viewpoint - A class action securities lawsuit has been filed against FMC Corporation, alleging securities fraud that affected investors between November 16, 2023, and February 4, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that FMC Corporation made false statements regarding its channel management initiatives, which were not progressing as claimed [2]. - It is alleged that the company faced pricing pressure and chose not to compete on prices, opting to walk away from sales opportunities [2]. - The complaint also states that FMC inflated inventory levels in various regions, including Latin America, Asia, Canada, and Eastern Europe [2]. - As a result of these actions, the positive statements made by the company about its business and operations were misleading and lacked a reasonable basis [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until April 14, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant compensation for shareholders and has extensive experience in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
The Gross Law Firm Notifies FMC Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – FMC
Globenewswire· 2025-03-03 18:21
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of FMC Corporation regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 16, 2023, to February 4, 2025 [3]. - Allegations include: 1. The company's channel management initiatives were not progressing as claimed [3]. 2. The company chose not to compete on prices due to pricing pressure, resulting in missed sales opportunities [3]. 3. There was inflated inventory in channels across Latin America (including Brazil), Asia (including India), Canada, and Eastern Europe [3]. 4. Positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 14, 2025, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [4]. Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [5].
The Gross Law Firm Notifies FMC Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - FMC
Prnewswire· 2025-03-03 10:45
NEW YORK, March 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of FMC Corporation (NYSE: FMC).Shareholders who purchased shares of FMC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/fmc-corporation-loss-submission-form/?id=132975&from=4 CLASS PERIOD: November 16, 2023 to Feb ...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages FMC Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FMC
GlobeNewswire News Room· 2025-03-01 17:02
Core Viewpoint - Rosen Law Firm is reminding investors who purchased FMC Corporation securities between November 16, 2023, and February 4, 2025, of the April 14, 2025, lead plaintiff deadline 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 counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3]
FMC (FMC) - 2024 Q4 - Annual Report
2025-02-28 18:39
Employment and Workforce - As of December 31, 2024, the company employed approximately 5,700 people, with 41% in Asia, 26% in Europe, Middle East & Africa, 21% in North America, and 12% in Latin America[62] Safety and Sustainability Goals - The company's Total Recordable Incident Rate is 0.0995, placing it among the safest organizations in the chemical industry globally[67] - The company aims for 100% research and development spend on sustainably advantaged products by 2025, with a total recordable incident rate of less than 0.1[68] - By 2030, the company targets a 42% reduction in Scopes 1 and 2 greenhouse gas emissions and a 25% reduction in Scope 3 emissions[68] - The company has established 2025 and 2035 sustainability goals aligned with the UN Sustainable Development Goals, including net-zero greenhouse gas emissions by 2035[68] Financial Performance - Revenue for 2024 was $4,246.1 million, a decrease of 5.4% compared to $4,486.8 million in 2023[289] - Gross margin for 2024 was $1,648.9 million, down from $1,831.0 million in 2023, reflecting a decline of 9.9%[289] - Net income attributable to FMC stockholders for 2024 was $341.1 million, a significant decrease of 74.1% from $1,321.5 million in 2023[291] - Basic earnings per share for continuing operations in 2024 was $3.22, compared to $11.34 in 2023, representing a decline of 71.6%[289] - Comprehensive income attributable to FMC stockholders for 2024 was $337.0 million, down from $1,374.6 million in 2023, a decline of 75.5%[291] - Net income for 2024 was $341.6 million, a decrease of 74.1% compared to $1,321.0 million in 2023[300] Assets and Liabilities - Total assets decreased to $11,653.3 million in 2024 from $11,926.2 million in 2023, a reduction of 2.3%[298] - Total liabilities decreased to $7,164.4 million in 2024 from $7,418.1 million in 2023, a decrease of 3.4%[298] - Cash and cash equivalents increased to $357.3 million in 2024 from $302.4 million in 2023, an increase of 18.2%[298] - Trade receivables increased to $2,903.2 million in 2024, up from $2,703.2 million in 2023, reflecting a growth of 7.4%[298] Capital Expenditures and Investments - Capital expenditures for 2024 were $67.9 million, down from $133.9 million in 2023, indicating a reduction in investment[305] - The company paid dividends of $290.6 million in 2024, consistent with $290.5 million in 2023[305] Environmental and Restructuring Charges - Environmental charges for the year ended December 31, 2024, amounted to $74.7 million, an increase from $66.9 million in 2023[417] - Restructuring charges for the year ended December 31, 2024, totaled $303.0 million, significantly higher than $48.4 million in 2023[405] - The company incurred $132.1 million in contract abandonment charges during 2024 as part of its restructuring efforts[410] Research and Development - Research and development expenses for 2024 were $278.0 million, down from $328.8 million in 2023, a decrease of 15.4%[289] - The company operates as a single business segment providing innovative solutions to growers globally[349] Revenue Recognition and Customer Contracts - The company recognizes revenue when the customer obtains control of the good or service, with rebates due to customers accrued as a reduction of revenue[337] - Receivables from contracts with customers increased by $220.2 million to $2,942.9 million as of December 31, 2024, compared to $2,722.7 million in 2023[386] Currency and Interest Rate Impact - A one percentage point increase in interest rates would increase gross interest expense by $2.6 million for the year ended December 31, 2024[285] - The foreign currency translation adjustments resulted in a loss of $53.6 million in 2024, compared to a gain of $29.7 million in 2023, indicating a significant negative shift[312] Legal and Regulatory Matters - The SEC's new climate-related disclosure rules will be effective for the company starting with annual reports for the year ending December 31, 2025[365] - The company is evaluating the impacts of the new income tax disclosure requirements effective for the year ended December 31, 2025[366] Divestitures and Acquisitions - Proceeds from the sale of the Global Specialty Solutions business amounted to $340.0 million in 2024[305] - A gain of $174.4 million, net of divestiture transaction costs, was recorded within "Restructuring and other charges (income)" for the year ended December 31, 2024[363] Environmental Provisions and Liabilities - The company accrued reserves for potential environmental obligations totaling $623.2 million and $601.8 million at December 31, 2024 and 2023, respectively[446] - Estimated reasonably possible environmental loss contingencies exceed accrued amounts by approximately $290.0 million as of December 31, 2024[447]
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FMC Corporation
Prnewswire· 2025-02-27 14:47
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against FMC Corporation due to alleged violations of federal securities laws, encouraging affected investors to come forward [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is urging investors who suffered losses exceeding $100,000 in FMC between November 16, 2023, and February 4, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against FMC, with a deadline of April 14, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against FMC - The complaint alleges that FMC and its executives made false and misleading statements regarding the company's channel management initiatives and pricing strategies [4]. - It is claimed that FMC inflated inventory levels in various regions, including Latin America, Asia, Canada, and Eastern Europe, while misleading investors about the company's business prospects [4]. Group 3: Financial Performance and Market Reaction - On February 4, 2025, FMC reported fourth quarter 2024 financial results, missing revenue guidance and consensus estimates, attributing the shortfall to customers holding less inventory than historically [5]. - The CEO of FMC indicated that the company needs to significantly lower inventory levels and acknowledged facing pricing competition that led to missed sales opportunities [5]. - Following the earnings announcement, FMC's stock price dropped by $18.12, or 33.5%, closing at $35.92 per share on February 5, 2025, amid heavy trading volume [5].