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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 , a global agricultural sciences leader, released its 2023 sustainability report, 'From the Ground Up,' on May 23, 2024. The report emphasizes FMC's advancements in environmental goals, sustainable product innovation, and community engagement. Key highlights include the first publication of FMC's Climate Transition Plan, aiming for net-zero greenhouse gas emissions by 2035. Significant 2023 achievements include a reduction of absolute Scopes 1 and 2 emissions by 18% and Scope 3 emissions by 27%, and increasing global waste to beneficial reuse to 75%. The report also underscores the importance of climate resilience, water use efficiency, and biodiversity protection in its crop protection solutions.
FMC has announced a new collaboration with Optibrium, a developer of AI solutions for small molecule discovery, to boost its crop protection R&D. This partnership aims to accelerate the discovery of novel crop protection technologies by incorporating Optibrium's AI technologies, including Cerella™ and StarDrop™. FMC plans to use these tools to identify promising compounds and optimize their properties, focusing on sustainable products. This initiative aligns with FMC's broader strategic plan to enhance its pipeline and bring new solutions to growers more quickly. The partnership is expected to revolutionize sustainable agriculture and improve global food security.
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.
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