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FMC Corporation - FMC STOCK NEWS

Welcome to our dedicated page for FMC Corporation news (Ticker: FMC), a resource for investors and traders seeking the latest updates and insights on FMC Corporation stock.

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.

News

FMC Corporation announces fourth quarter and full-year 2023 results within guidance ranges, provides 2024 outlook

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FMC Corporation reported a decrease in revenue in Q4 2023, down 29% versus Q4 2022. Consolidated GAAP net income increased by 291%, while adjusted EBITDA decreased by 41%. Full-year 2023 revenue reflected a year-over-year decline of 23%, with a 78% increase in net income. The company reported negative cash flow from operations and free cash flow in 2023. The outlook for full-year 2024 includes a forecasted revenue of $4.50 to $4.70 billion, reflecting 2.5% growth at the midpoint.
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FMC Corporation announces date of 2024 annual meeting of stockholders

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FMC Corporation (NYSE: FMC) will hold its 2024 annual meeting of stockholders via live webcast on April 30, 2024. The webcast will be accessible through the company's Investor Relations website.
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FMC Corporation announces dates for fourth quarter 2023 earnings release and webcast conference call

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FMC Corporation (NYSE: FMC) will release its fourth quarter 2023 earnings on February 5, 2024, followed by a webcast conference call on February 6, 2024. The company's stock market performance and financial results will be discussed during the call, which will be open to the public via internet broadcast and telephone.
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FMC Corporation board elects Patrick Day as vice president

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FMC Corporation (NYSE: FMC) has elected Patrick (Pat) Day as vice president, Financial Planning & Analysis (FP&A), effective January 1, 2024. Day, who brings extensive knowledge of FMC's operations, will join the company's senior management Operating Committee and serve as a key finance leader for the company's restructuring initiatives.
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FMC Corporation Declares Quarterly Dividend

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FMC Corporation (NYSE: FMC) declares a regular quarterly dividend of 58 cents per share, payable on January 18, 2024, to shareholders of record as of December 29, 2023.
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FMC Corporation named one of America's Most Responsible Companies for third consecutive year

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FMC Corporation (NYSE: FMC) ranks 8th in the Materials and Chemicals Industry and in the top 10% of companies globally for its excellence in Environment, Social and Corporate Governance (ESG). The company moved up 75 spots to rank 60 out of 600 companies on Newsweek's 2024 Most Responsible Companies list. FMC is the only crop protection company to make the list, showcasing its commitment to sustainability and ESG.
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FMC SHAREHOLDER ACTION REMINDER

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Faruqi & Faruqi, LLP is investigating potential claims against FMC Corporation (NYSE: FMC) regarding a federal securities class action lawsuit. The lawsuit alleges that FMC had lost key legal disputes over its patents in India, misleadingly downplayed the effect of the China Patent Office's rulings invalidating certain key FMC patents, and that numerous competitors were manufacturing and selling generic versions of FMC's top selling insecticide product in India and China at much lower prices than being charged by FMC.
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FMC Corporation outlines new strategic growth plan

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FMC Corporation (NYSE:FMC) introduces strategic growth plan, three-year financial goals, and preliminary 2024 outlook, aiming for revenue of $4.65 billion to $4.85 billion and adjusted EBITDA of $1.025 billion to $1.125 billion. The company also initiates a strategic review of non-core assets and outlines longer-term financial aspirations through 2033, including a ten-year revenue aspiration of approximately $2 billion from Plant Health business and new active ingredients in R&D pipeline.
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FMC Corporation to introduce strategic growth plan at Investor Day, details cost restructuring and provides preliminary 2024 outlook

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FMC Corporation (NYSE:FMC) announces its 2024 Full-Year Preliminary Outlook and 2026 Goals at its Investor Day. Revenue expected to increase by 3 percent in 2024, with adjusted EBITDA reflecting an 8 percent increase and a $50-75 million contribution from restructuring actions. The company also outlines long-term financial targets, R&D pipeline, and strategic growth plan.
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FMC Corporation finalizes amendment to credit agreement

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FMC Corporation (NYSE: FMC) finalizes amendment to revolving credit agreement, raising maximum leverage ratio covenant to 6.5 times through June 30, 2024, with step-down to 3.75 times after. Interest coverage ratio covenant also adjusted. Company expects strong cash generation in 2024, prioritizing debt payment and shareholder dividends.
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FAQ

What is the current stock price of FMC Corporation (FMC)?

The current stock price of FMC Corporation (FMC) is $50.15 as of December 20, 2024.

What is the market cap of FMC Corporation (FMC)?

The market cap of FMC Corporation (FMC) is approximately 6.2B.

What is FMC Corporation's primary business focus?

FMC Corporation specializes in agricultural sciences, providing innovative crop protection solutions to growers globally.

How has FMC expanded its product portfolio?

Through strategic acquisitions and R&D, FMC has developed a balanced range of products, including new biologicals.

What recent products has FMC launched?

FMC recently launched the Premio® Star insecticide in Brazil and is developing novel bioinsecticides in partnership with AgroSpheres.

What are FMC's financial highlights for 2023?

FMC reported a challenging year with reduced revenue due to market conditions but remains focused on growth and new product launches for 2024.

How is FMC contributing to sustainable agriculture?

FMC is committed to sustainable practices by developing environmentally friendly crop protection solutions and investing in advanced technologies.

What is FMC's global presence?

FMC operates in over 100 sites worldwide with approximately 6,200 employees.

How does FMC integrate technology into its R&D efforts?

FMC collaborates with technology companies like Optibrium to use AI in accelerating the discovery of new crop protection solutions.

What partnerships has FMC recently formed?

FMC partnered with Novonesis to bring advanced biological solutions to Canadian farmers and AgroSpheres for bioinsecticides development.

What is the outlook for FMC in 2024?

FMC expects revenue growth driven by new product launches and strategic cost management, with a focus on sustainable and innovative solutions.

Where can I find more information about FMC Corporation?

Visit FMC's official website and follow them on LinkedIn® for the latest updates and insights.

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FMC Corporation

NYSE:FMC

FMC Rankings

#1133 Ranked by Market Cap
#648 Ranked by Dividends

FMC Stock Data

6.16B
123.54M
1.02%
93.6%
4.66%
Agricultural Inputs
Chemicals & Allied Products
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United States of America
PHILADELPHIA