Core Insights - FMC Corporation reported a first quarter 2025 revenue of $791 million, a decrease of 14% compared to Q1 2024, with an organic decline of 10% [1][12] - The company experienced a GAAP net loss of $16 million, translating to a loss of $0.12 per diluted share, which is a decrease of $0.10 from the previous year [1][12] - Adjusted earnings per diluted share were $0.18, down 50% from Q1 2024 [1][12] Revenue and Sales Performance - First quarter sales were largely in line with expectations, with a focus on aligning inventory levels with customer targets [2] - Revenue decline was primarily driven by a 9% price decrease, with over half attributed to price adjustments in specific contracts due to lower manufacturing costs [2] - North America sales fell by 28%, while Latin America saw a 10% increase, and Asia experienced a 24% decline [3] Financial Metrics - Adjusted EBITDA for Q1 2025 was $120 million, down 25% from the prior year, influenced by lower pricing and reduced volume [4][12] - Cash from operations was negative $545 million, a decline of $402 million compared to Q1 2024, primarily due to less inventory reduction [5][12] - Free cash flow was negative $596 million, reflecting a decline of 51% at the midpoint from the previous year [12] Outlook - The company maintains its full-year 2025 revenue guidance of $4.15 billion to $4.35 billion, indicating flat growth at the midpoint compared to the prior year [6][12] - For Q2 2025, revenue is expected to range from $940 million to $1.10 billion, representing a 2% decline at the midpoint compared to Q2 2024 [7] - The second half of 2025 is projected to see a 7% increase in sales and an 11% increase in adjusted EBITDA compared to the same period last year [8][9]

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]

Core Insights - FMC Corporation has received regulatory approval for Keenali™ herbicide in Peru, marking the first global registration of this innovative herbicide technology powered by Dodhylex™ active [1][3] - Keenali™ herbicide is designed for pre- and early post-emergence application, offering excellent crop safety and broad utility in both Japonica and Indica rice varieties [2][3] - The approval is significant for Peruvian rice growers, providing an effective solution for managing resistant grass weeds without compromising crop safety [3] Company Overview - FMC Corporation is a global leader in agricultural sciences, focusing on innovative crop protection solutions to support food security and address modern agricultural challenges [6] - The company has a commitment to advancing new herbicide technologies, with Dodhylex™ active being a key development in combating weed resistance [5][6] Market Opportunity - Peru is identified as a rapidly growing market for rice production, with over 4.5 million planted hectares of rice across Latin America, unlocking nearly 10% of these hectares for Keenali™ herbicide [4] - FMC is actively pursuing regulatory approvals for Dodhylex™ active in other Latin American countries and regions, including Brazil, Colombia, and India, indicating a strategic expansion plan [4]

Core Insights - FMC Corporation has received registration in Brazil for its Sofero™ Fall pheromone, targeting fall armyworm, marking a significant milestone in sustainable crop protection solutions [1][3] - Sofero™ Fall represents a novel approach to pest management, focusing on mating disruption to prevent reproduction of fall armyworm, thus enhancing crop protection [3][4] - The Sofero™ portfolio aims to address resistance challenges faced by growers, providing an integrated solution alongside traditional pest management practices [4][5] Company Overview - FMC Corporation is a global agricultural sciences company dedicated to sustainable agricultural practices, helping growers produce food, feed, fiber, and fuel [6] - The company emphasizes innovation in crop protection solutions, including biologicals and precision agriculture, to meet the challenges of a growing world population [6] Product Details - Sofero™ Fall is the first product under the Sofero™ pheromone solutions brand, targeting key crops such as rice, corn, cotton, and soybeans [4] - The product utilizes proprietary microencapsulation technology to enhance stability and effectiveness, providing longer-lasting protection for crops [3][4]