FMC Corporation - FMC STOCK NEWS

FMC Corporation reported Q1 2021 revenue of $1.2 billion, a 4% decline year-over-year, with GAAP earnings of $1.40 per diluted share, down 11%. Adjusted EBITDA was $307 million, decreasing by 14%. The company maintains its full-year revenue forecast between $4.9 billion and $5.1 billion, reflecting an 8% increase at the midpoint. Adjusted earnings are raised to $6.70-$7.40 per diluted share. FMC anticipates Q2 revenue of $1.19-$1.26 billion, expecting a 6% growth at the midpoint compared to Q2 2020, driven by strong demand and new product launches.

FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, which will be paid on July 15, 2021, to shareholders on record as of June 30, 2021. This announcement demonstrates the company's ongoing commitment to returning value to its shareholders.

FMC specializes in agricultural sciences, providing innovative crop protection and management solutions globally. The company has a diverse product portfolio that includes leading brands and advanced technologies.

FMC Corporation (NYSE: FMC) has announced the retirement of Marc Hullebroeck, the current president of the EMEA region, effective June 30, 2021, after a 31-year career with the company. He will be succeeded by Sebastia Pons, who is currently the director of Portfolio Strategy and Strategic Marketing for the EMEA region, starting July 1, 2021. Pons brings over 20 years of experience from DuPont and has worked closely with Hullebroeck. FMC emphasizes the leadership transition will continue to support its business strategy in the agriculture sector.

FMC Corporation (NYSE: FMC) has received a new mode of action classification for its herbicide molecule, tetflupyrolimet, marking a significant development in crop protection. This is the first active ingredient classified under Group 28 by HRAC and WSSA in over 30 years. Expected to launch in 2023, tetflupyrolimet aims to tackle critical grass and broadleaf weeds in rice, with potential testing in other crops like sugarcane and soybeans. The innovation follows extensive research, screening over 60,000 compounds, to address the growing challenge of weed resistance.

FMC Corporation (NYSE: FMC) will release its first quarter 2021 earnings on May 5, 2021, after market close. A webcast conference call is scheduled for May 6, 2021, at 9:00 a.m. ET. Interested parties can access the call via the FMC investor relations website. The company provides innovative agricultural solutions globally, supporting growers with a robust product portfolio.

FMC Corporation (NYSE: FMC) has announced a strategic collaboration with UPL Ltd. to enhance the manufacturing and distribution of Rynaxypyr^® active ingredient globally. The multi-year agreement will enable UPL to access and distribute FMC's Rynaxypyr^® products while FMC will expand its manufacturing capacity via toll manufacturing in India. This partnership supports FMC's growth strategy in the agricultural sector, particularly in diamide technology, which has seen double-digit growth since 2017.

FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, payable on April 15, 2021, to shareholders on record by March 31, 2021. The company, specializing in agricultural sciences, offers solutions through its diverse product portfolio, including crop protection and pest management. FMC employs about 6,400 people globally and is committed to innovating for growers worldwide.

FMC Corporation (NYSE: FMC) will participate in the Bank of America Global Agriculture and Materials Conference on March 3 at 1:00 p.m. ET, featuring CEO Mark Douglas and CFO Andrew Sandifer. Additionally, Dr. Kathleen Shelton, CTO, will engage in a panel discussion on March 4 at 10:00 a.m. ET, focusing on the outlook for crop protection. The events will be available via live webcast at fmc's investor relations site. FMC develops innovative agricultural solutions and employs approximately 6,400 staff globally.

FMC Corporation (NYSE: FMC) announced that Pierre Brondeau will transition from his role as executive chairman effective April 27, 2021, prior to the Annual Meeting. He will retire as an employee but has agreed to be re-nominated as a director, continuing his role as chairman in a non-employee capacity if re-elected. This shift follows a previous CEO transition to Mark Douglas in June 2020. The Board's governance plan aims to strengthen leadership with a non-employee chairman and an independent lead director.