FMC Stock Recent News

FMC benefits from its efforts to strengthen its product portfolio through new product launches and its restructuring and cost-reduction program.

PHILADELPHIA , Aug. 28, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced the United States District Court for the Eastern District of Pennsylvania granted a temporary restraining order against Sharda USA LLC ("Sharda"). The order restrains Sharda from importing, marketing, advertising, selling or distributing any premix products containing bifenthrin and cyano-pyrethroids that are covered by FMC's patents.

Dodhylex active by FMC is a key improvement for the agriculture industry because it combats resistant grass weeds.

This first new mode of action herbicide in over 30 years will be an important tool for managing resistance PHILADELPHIA , Aug. 20, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading agricultural sciences company, recently submitted regulatory applications for Dodhylex™ active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, which account for approximately 35% of the estimated 165 million hectares of planted rice globally.

Review FMC's (FMC) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

Although the revenue and EPS for FMC (FMC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

FMC Corporation (NYSE:FMC ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Curt Brooks - Director of IR Pierre Brondeau - Chairman and the CEO Andrew Sandifer - EVP and CFO Ronaldo Pereira - President Conference Call Participants Christopher Parkinson - Wolfe Research Partners Josh Spector - UBS Vincent Andrews - Morgan Stanley Arun Viswanathan - RBC Capital Frank Mitsch - Fermium Research Richard Garchitorena - Wells Fargo Edlain Rodriguez - Mizuho Benjamin Theurer - Barclays Operator Good morning and welcome to the Second Quarter 2024 Earnings Call for FMC Corporation. This event is being recorded and all participants are in listen-only mode.

FMC sees improved demand during the second quarter, leading to an increase in sales volumes and the top line.

FMC (FMC) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.50 per share a year ago.

Volume growth and restructuring savings drive year-over-year earnings improvement Second Quarter 2024 Highlights Revenue of $1.04 billion, up 2 percent versus Q2 2023 and up 4 percent organically1 Consolidated GAAP net income of $295 million Adjusted EBITDA of $202 million, up 8 percent versus Q2 2023 Consolidated GAAP income of $2.35 per diluted share Adjusted earnings per diluted share of $0.63, up 26 percent versus Q2 2023 GAAP cash from operations of $292 million, an increase of $161 million versus Q2 2023 Free cash flow of $280 million, an improvement of $187 million versus Q2 2023 Full-Year Outlook 2 Updates revenue outlook to range of $4.30 billion to $4.50 billion, reflecting a 2 percent decline at the midpoint versus 2023 Reduces adjusted EBITDA range to $880 million to $940 million, a decline of 7 percent at the midpoint versus 2023 Lowers adjusted earnings per diluted share outlook to a range of $3.02 to $3.64, a decline of 12 percent at the midpoint versus 2023 Increases re