Welcome to our dedicated page for Fmc news (Ticker: FMC), a resource for investors and traders seeking the latest updates and insights on Fmc stock.
FMC Corporation (NYSE: FMC) is a global agricultural sciences company focused on crop protection solutions, including biologicals, crop nutrition, and digital and precision agriculture. The FMC news feed on Stock Titan aggregates company-issued press releases and other coverage so readers can follow how this agricultural chemical manufacturer communicates its strategy, performance and product developments over time.
FMC regularly publishes earnings announcements and financial updates, including quarterly results, adjusted EBITDA and adjusted earnings per share metrics, along with commentary on regional performance in North America, Latin America, Asia and EMEA. The company also announces the timing of upcoming earnings releases and webcast conference calls, providing details for internet broadcasts and telephone access, as well as replay information.
Investors can track dividend declarations and changes to the dividend policy through FMC’s news releases, which have included both regular quarterly dividend announcements and a reduction in the quarterly dividend as part of a broader emphasis on debt reduction. The news flow also covers strategic and operational updates, such as the intention to divest the India commercial business, restructuring and cost actions, and initiatives like Project Foundation that are designed to reshape the manufacturing footprint and cost structure.
Product- and technology-related news is another key element of FMC’s disclosures. The company has reported regulatory registrations for products such as Fundatis herbicide powered by Isoflex active in Great Britain, and has highlighted the role of new active ingredients and biologicals in its growth portfolio and Plant Health business. Updates on registrations, launches and regional commercialization provide insight into FMC’s pipeline and portfolio evolution.
FMC’s news also includes leadership and governance updates, such as changes in executive roles and Board composition, and announcements that senior executives will speak at investor conferences hosted by firms like Goldman Sachs and Jefferies. For investors, analysts and others following the agricultural sciences sector, the FMC news page offers a centralized view of how the company reports its financial performance, portfolio developments and corporate actions.
FMC (NYSE: FMC) has announced a regular quarterly dividend of 58 cents per share. This dividend will be payable on October 17, 2024, to shareholders of record at the close of business on September 30, 2024. The declaration of this dividend by the board of directors demonstrates FMC's commitment to returning value to its shareholders and maintaining a consistent dividend policy.
FMC (NYSE: FMC) has elected John M. Raines to its Board of Directors, effective July 15, 2024. Raines, with over 30 years of experience in agriculture and consumer goods, will serve on the Audit and Sustainability Committees. He recently served as president of Digital Agriculture and Consumer Goods at TELUS from 2021 to 2024. Raines has held leadership positions at The Climate and Monsanto Company, and is currently the president of Paris Bancshares, Inc. His expertise in global agriculture, food businesses, M&A transactions, and implementation of modern technology in agriculture is expected to bring valuable insights to FMC's board.
FMC has agreed to sell its Global Specialty Solutions (GSS) business to Envu for $350 million, subject to closing adjustments. The transaction is expected to be completed by the end of 2024, pending regulatory approval. FMC intends to use the proceeds for debt reduction. This divestment allows FMC to focus on its core crop protection market. Envu, backed by private equity firm Cinven, sees the acquisition as a strategic fit to boost innovation and growth in the environmental science sector.
FMC (NYSE: FMC) has scheduled the release of its second quarter 2024 earnings results for Wednesday, July 31, 2024, after the market closes. The detailed financial results and further information will be available via PR Newswire and the company's investor relations website.
Following the earnings release, FMC will host a webcast conference call on Thursday, August 1, 2024, at 9:00 a.m. ET. The call is accessible to the public via internet broadcast and telephone. A replay of the call will be available from 11:00 a.m. ET on August 1, 2024, until August 22, 2024, through the company's website and designated telephone numbers.
FMC 's Board of Directors has appointed Pierre Brondeau as chairman and CEO, succeeding Mark Douglas who steps down after 14 years. Brondeau previously served as CEO from 2010-2020, overseeing significant growth and a 325% total shareholder return. Ronaldo Pereira has been promoted to president, previously serving as EVP and president of the Americas region. The company reaffirms its Q2 2024 revenue and earnings guidance. Douglas will act as an executive advisor until September. FMC aims to continue its growth in the agricultural sciences sector under Brondeau and Pereira's leadership.
FMC has received Brazilian registration for two new herbicides, Azugro® and Ezanya®.
These herbicides, powered by Isoflex® active (bixlozone), target cotton, tobacco, and wheat crops. Classified as Group 13 by the Herbicide Resistance Action Committee, these formulations offer effective weed control, particularly for resistant grasses and broadleaf weeds.
Azugro® will be available for cotton in 2024 and wheat in 2025, while Ezanya® will target tobacco in 2024. FMC is also researching Isoflex® active in other crops and segments in Brazil.
This approval adds to FMC’s regulatory successes in Argentina, Australia, and China, potentially enhancing productivity and resilience for growers worldwide.
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.
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