Core Insights - FMC Corporation reported earnings of 53 cents per share for Q2 2025, a significant decrease from $2.35 in the same quarter last year. Adjusted earnings per share were 69 cents, surpassing the Zacks Consensus Estimate of 59 cents [1][9] - Revenues for the quarter reached $1,050.5 million, reflecting a 1.2% increase year-over-year and exceeding the Zacks Consensus Estimate of $965.4 million [1][9] Revenue Drivers - The increase in revenues was primarily driven by a 6% rise in volume, as customers reached desired inventory levels. However, prices fell by 3%, largely due to reductions in specific "cost-plus" contracts, and foreign exchange rates negatively impacted results by 1% [2] - Sales from the growth portfolio increased by a high single-digit percentage, while sales from the core portfolio remained largely unchanged [2] Regional Sales Performance - North America: Sales declined by 5% year-over-year to $321 million, with strong growth in branded products in the U.S. offset by reduced volumes in Canada [3] - Latin America: Sales increased by 1% year-over-year to $310 million, benefiting from strong growth in new active ingredients, surpassing the consensus estimate [4] - Asia: Revenues decreased by 17% year-over-year to $159 million, driven by lower pricing and reduced volume due to destocking in India, missing the consensus estimate [4] - EMEA: Sales increased by 29% year-over-year to $260 million, fueled by significant volume increases, particularly in herbicides and branded products, exceeding the consensus estimate [5] Financial Overview - At the end of the quarter, FMC had cash and cash equivalents of $438.2 million and long-term debt of $3,270 million [6] Guidance - FMC expects full-year revenues (excluding India) to range between $4.08 billion and $4.28 billion, indicating a 2% decline at the midpoint compared to 2024. Adjusted EBITDA is forecasted between $870 million and $950 million, suggesting 1% growth at the midpoint. Adjusted EPS is projected to be between $3.26 and $3.70, indicating no change year-over-year at the midpoint [7] Price Performance - FMC's shares have decreased by 29.2% over the past year, contrasting with a 1.7% increase in the industry [10]