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FMC announced a research agreement with AgroSpheres to develop novel bioinsecticides, enhancing FMC's position in the insecticides market. The collaboration will leverage AgroSpheres' RNA technology and FMC's testing and go-to-market capabilities. The partnership aims to drive innovation in sustainable agriculture, highlighting the potential of RNA interference technology in crop protection.
FMC has been awarded the Responsible Care® Company of the Year for the fifth time by the American Chemistry Council, showcasing its commitment to safety and sustainability. The company's dedication to safety is evident through its record-low injury rate and emphasis on continuous improvement. FMC not only prioritizes safety within its internal operations but also promotes safety and sustainability at the farm level by offering innovative crop protection solutions and advocating for product stewardship.
Amyris, Inc. has appointed Kathy L. Fortmann as its new CEO, bringing 35 years of global business experience. Ms. Fortmann replaces Han Kieftenbeld and aims to lead the company through innovation and growth. With a background in specialty chemicals and ingredients, she is excited to work with the Board and colleagues to execute Amyris' strategy.
FMC reported first quarter 2024 earnings at the higher end of the guidance range. Revenue was $918 million, down 32% from Q1 2023. Adjusted EBITDA was $161 million, down 56% from Q1 2023. The company maintains full-year outlook with revenue expected to be $4.50 to $4.70 billion and adjusted EBITDA outlook of $900 million to $1.05 billion. Free cash flow outlook remains at $400 million to $600 million.
FMC (NYSE: FMC) declared a regular quarterly dividend of 58 cents per share, payable on July 18, 2024, to shareholders of record as of June 28, 2024.