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FMC Corporation (NYSE: FMC) is a global leader in agricultural sciences, providing innovative crop protection solutions to farmers worldwide. With over a century of experience, FMC serves agricultural, industrial, and consumer markets, offering products that enhance food and beverage quality, pharmaceutical delivery, and sustainability. The company is dedicated to its mission of helping growers produce food, feed, fiber, and fuel for a growing global population while adapting to environmental changes.
FMC's portfolio includes a balanced range of products across various geographies and crop types. The company has significantly expanded its capabilities through strategic acquisitions, making it one of the top five largest patented crop protection companies globally. Their R&D pipeline focuses on developing new products, including biologicals, to meet the evolving needs of modern agriculture.
Recent achievements include the launch of Premio® Star insecticide in Brazil and the development of novel bioinsecticides through a partnership with AgroSpheres. FMC's robust R&D efforts are further supported by collaborations with technology companies like Optibrium, integrating AI to accelerate new product discovery.
FMC reported a challenging financial year in 2023 due to market conditions, but the company remains resilient. For 2024, FMC forecasts revenue growth driven by new product launches and strategic cost management. The company continues to invest in its biologicals platform, evidenced by a commercial agreement with Novonesis in Canada to bring advanced biological solutions to farmers.
FMC’s global presence includes 6,200 employees across 100 sites. The company is committed to sustainable agriculture, focusing on the discovery of new active ingredients for herbicides, insecticides, and fungicides, and the development of environmentally friendly product formulations and technologies.
Stay updated with FMC Corporation’s latest news and performance through their official website and follow them on LinkedIn® for more insights.
FMC Corporation reported third quarter 2021 revenue of $1.19 billion, up 10% from Q3 2020, with adjusted earnings per share of $1.43, reflecting a 17% increase. Consolidated GAAP net income rose 43% to $160 million. The company maintains its full-year revenue forecast between $4.9 billion and $5.1 billion, projecting 8% growth. Adjusted EBITDA is forecasted at $1.29 to $1.35 billion, with a 6% annual growth rate. Fourth quarter revenue is estimated to reach $1.27 to $1.47 billion, indicating a 19% increase compared to Q4 2020.
FMC Corporation (NYSE: FMC) will announce its third quarter 2021 earnings on November 2, 2021, after market close. A conference call is scheduled for November 3, 2021, at 9:00 a.m. ET, accessible via internet and telephone. The call will provide insights into company performance amidst challenges from the ongoing COVID-19 pandemic, which may affect financial results. Investors can find more detailed information on the company's website.
FMC Corporation (NYSE: FMC) recently won a patent infringement case against Shandong Weifang Rainbow Chemical Co. Ltd. in China. The court ruled that Rainbow infringed on FMC's patent for the insecticide chlorantraniliprole, leading to a permanent injunction against Rainbow to cease production and sales. Additionally, Rainbow is ordered to compensate FMC for damages. This ruling reinforces FMC's commitment to protecting its intellectual property and underscores the importance of innovation in crop protection solutions.
FMC Corporation (NYSE: FMC) has set an ambitious target to achieve net-zero greenhouse gas emissions by 2035. This commitment is aligned with global temperature goals of limiting temperature rise to 1.5°C above pre-industrial levels. The company plans to implement science-based targets and engage key organizational sectors to enhance efficiency and invest in renewable energy.
FMC will pursue carbon neutrality across emission Scopes 1, 2, and 3 as defined by the GHG Protocol, encompassing direct and indirect emissions. This proactive approach highlights FMC's dedication to sustainability and addressing climate challenges affecting agriculture.
FMC Corporation reported a strong Q2 2021 with revenue of $1.2 billion, an 8% increase year-over-year. GAAP net income rose 10% to $203 million, translating to $1.56 per diluted share, while adjusted EPS climbed 5% to $1.81. The 2021 adjusted EBITDA forecast was lowered, now projected between $1.29 billion and $1.35 billion, due to rising costs. Full-year revenue expectations remain at $4.9 to $5.1 billion. Although strong volume growth is expected across various regions, escalating raw material and freight costs are ongoing challenges.
FMC Corporation has appointed Abizar "Zack" Zaki as the new Investor Relations director, effective August. Zaki, who joined FMC in 2013, has held various leadership roles, notably as the business director for Global Specialty Solutions. His extensive experience with FMC's growth strategy positions him to effectively engage with the investor community. He takes over from Michael Wherley, who served for over four years. CEO Mark Douglas praised Zaki's leadership qualities and contributions, which are expected to enhance FMC's investor relations.
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, payable on October 21, 2021. Shareholders of record as of September 30, 2021 will receive the payment. FMC focuses on providing innovative agricultural solutions that support food production and sustainability. The company emphasizes its commitment to environmentally friendly practices while developing new crop protection technologies.
FMC Corporation (NYSE: FMC) has secured an interim injunction from the Delhi High Court against NATCO Pharma Limited for patent infringement regarding chlorantraniliprole, FMC's leading insect control active ingredient. This lawsuit, initiated in October 2019, prohibits NATCO from producing or selling products containing this patented ingredient, marketed by FMC as Rynaxapyr® in India. FMC emphasizes its commitment to protecting farmers and its investment in innovation to support agricultural production in India.
FMC Corporation (NYSE: FMC) will announce its second quarter 2021 earnings on August 3, 2021, after market close, via PR Newswire and its website. A webcast conference call is scheduled for August 4, 2021, at 9:00 a.m. ET.
Participants can access the call through the provided link, and a replay will be available until August 25, 2021.
FMC specializes in agricultural sciences, offering a diverse portfolio including pest management solutions.
FMC Corporation (NYSE: FMC) announced U.S. EPA registration for fluindapyr, an innovative SDHI fungicide aimed at controlling various fungal diseases in crops and turf. This significant approval, after nearly 10 years of development, positions fluindapyr as a versatile solution for farmers and golf course managers worldwide. It effectively manages resistant pathogens and complements existing disease management programs. Fluindapyr formulations are set for registration in key markets, enhancing FMC's robust product portfolio in agricultural sciences.
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