Fmc Corp Stock Price, News & Analysis

FMC Corporation (NYSE: FMC) has been awarded the Responsible Care Company of the Year by the American Chemistry Council (ACC), marking the fourth time since 2017 it has received this honor. The award recognizes FMC's exceptional performance in environmental, health, safety, and security (EHS&S). The company achieved a record-low recordable injury rate of 0.066 in 2021, reflecting its strong safety culture. FMC has committed to net-zero greenhouse gas emissions by 2035, emphasizing sustainability in its operations and community responsibility.

FMC Corporation has been awarded the Best Biostimulant Product at the 2022 World BioProtection Awards for its Accudo® biostimulant. This accolade, presented at the World BioProtection Summit in Birmingham, UK, highlights the biostimulant's significant advantages in crop protection. Accudo® has shown a yield increase of over 15% and improves crop vigor and development, especially under stressful conditions. Available in South Korea, Greece, Turkey, and Germany, this recognition underscores FMC's commitment to innovative agricultural solutions.

FMC Corporation (NYSE: FMC) has announced the departure of Bethwyn Todd, president of FMC Asia Pacific, due to health reasons. Pramod Thota, former president of FMC U.S.A., will succeed her as president of the Asia Pacific region, effective July 1. During her tenure, Todd significantly increased revenue, market share, and profitability in the Asia Pacific. Thota brings extensive experience from his roles at FMC, including leadership in FMC India. The leadership transition aims to ensure continuity and leverage Thota's insights in this rapidly growing market.

FMC Corporation (NYSE: FMC) announced a significant legal victory on May 10, 2022, as the Ningbo Intermediate People's Court in Zhejiang Province, China, granted a preliminary injunction against Zhejiang Yongtai Technology Co. Ltd. This injunction prevents Yongtai from selling chlorantraniliprole, FMC's flagship insecticide, until the patent expires. This ruling is notable as it marks one of the rare instances of pre-suit injunctions being issued under China Patent Law. FMC emphasizes the importance of intellectual property in fostering innovation in the Chinese market.

FMC Corporation (NYSE: FMC) has filed a patent infringement lawsuit against Aceto US, LLC in the U.S. District Court for Delaware, alleging unauthorized use of FMC's patented insecticide ingredient, chlorantraniliprole. The lawsuit claims Aceto received chlorantraniliprole shipments from suppliers in India and China, infringing FMC's intellectual property rights. FMC seeks damages and an injunction to prevent further infringement, emphasizing its commitment to protecting its research investments in crop protection technologies.

FMC Corporation reported first quarter 2022 revenue of $1.35 billion, a 13 percent increase year-over-year, with an organic growth of 16 percent despite a 3 percent foreign exchange headwind. GAAP net income rose to $212 million, translating to $1.64 per diluted share, while adjusted EPS reached $1.88, up 23 percent. The company maintains its full-year revenue guidance of $5.25 to $5.55 billion and plans to repurchase $500 to $600 million in shares. However, cost inflation and FX remain challenges, exacerbated by geopolitical tensions.

FMC Corporation (NYSE: FMC) has appointed Kathy L. Fortmann to its Board of Directors, effective April 28, 2022. Fortmann, CEO of Acomo Amsterdam Commodities N.V., brings extensive experience in global business operations within agriculture. With a strong background in sustainability and mergers and acquisitions, she will contribute valuable insights to the Board's Compensation and Organization Committee as well as the Nominating and Corporate Governance Committee. The appointment aims to enhance FMC’s strategic direction and long-term shareholder value.

FMC Corporation (NYSE: FMC) declared a quarterly dividend of 53 cents per share, scheduled for payment on July 21, 2022. Shareholders of record by the close of business on June 30, 2022 will receive this payment. As a global leader in agricultural sciences, FMC focuses on innovative crop protection solutions, aiding growers in food production while being environmentally conscious. With over 6,400 employees worldwide, the company aims to develop sustainable agricultural products addressing industry challenges.