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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 (NYSE: FMC) announced that Dr. Kathleen Shelton will retire as executive vice president and chief technology officer on March 31, 2023, concluding a remarkable 33-year career in the chemical industry. Dr. Seva Rostovtsev, currently director of Discovery Chemistry, has been appointed as her successor. Under Shelton's leadership, FMC's R&D strategy has overseen a product innovation pipeline exceeding $2.5 billion in peak sales. Rostovtsev brings significant experience in crop protection chemistry and will lead FMC's global R&D efforts moving forward.
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 58 cents per share, payable on January 19, 2023, to shareholders of record as of December 30, 2022. This marks the fifth consecutive year of dividend increases, with a compound annual growth rate of 10 percent since establishing its current dividend policy in December 2018.
The company is dedicated to sustainable agricultural solutions, helping growers to adapt to changing environmental conditions.
FMC Corporation (NYSE: FMC) has announced a strategic collaboration with Micropep Technologies to develop new micropeptide-based bioherbicides targeting herbicide-resistant weeds. This multi-year agreement aims to combine R&D capabilities to create sustainable weed control solutions for corn and soybeans. The global herbicide market exceeded $26 billion in 2021, with significant opportunities for environmentally-friendly bioherbicides. The collaboration seeks to expedite the availability of effective solutions amid growing agricultural challenges.
FMC Corporation reported third quarter 2022 revenue of $1.38 billion, up 15% year-over-year, driven by strong volume and pricing. However, GAAP net income fell 27% to $118 million, with adjusted earnings per share down 14% at $1.23. The company raised its full-year revenue outlook to $5.6-$5.8 billion, reflecting 13% growth. Adjusted EBITDA guidance was narrowed to $1.37-$1.43 billion, indicating 7% growth. Free cash flow expectations were reduced to $440-$560 million, citing inflation impacts.
FMC Corporation has appointed Dr. Bénédicte Flambard as vice president, joining the senior management Operating Committee while continuing to lead the Plant Health business. Under her leadership, the Plant Health division has significantly expanded, launching new biological products like Accudo® and Nema-C®, and acquiring BioPhero ApS. FMC is focusing on enhancing its position in the biologicals sector, which is a fast-growing segment of the company. Flambard will operate from FMC's European Innovation Center in Denmark.
FMC Corporation (NYSE: FMC) will release its third quarter 2022 earnings on November 1, 2022, after market close. The earnings will be accessible via PR Newswire and the company's website. A webcast conference call is scheduled for November 2, 2022, at 9:00 a.m. ET, where analysts can ask questions. The replay of the call will be available until November 23, 2022. FMC is focused on providing innovative crop protection solutions amid market challenges.
FMC Corporation (NYSE: FMC) reported a strong Q2 2022 performance with revenue reaching $1.45 billion, up 17% from Q2 2021, driven by robust market demand and effective pricing strategies. Adjusted earnings per diluted share increased 7% to $1.93, although GAAP net income fell 35% to $131 million. The company raised its full-year revenue outlook to $5.5-5.7 billion, reflecting 11% growth at the midpoint. However, costs are expected to rise significantly in Q3, impacting adjusted EBITDA forecasted at $235-255 million, a 16% decline year-over-year.
FMC Corporation (NYSE: FMC) has successfully finalized its acquisition of BioPhero ApS, a Denmark-based pheromone research and production firm. The acquisition agreement was announced on June 29, 2022, and all regulatory approvals have now been satisfied. This strategic move is expected to enhance FMC's capabilities in innovative crop protection solutions, which are crucial for addressing the needs of growers worldwide amidst changing environmental challenges.
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 53 cents per share, scheduled for payment on October 20, 2022. Shareholders on record as of the close of business on September 30, 2022 will receive this dividend. FMC is committed to providing innovative agricultural solutions to meet the needs of an expanding population while focusing on environmental sustainability. The company employs around 6,400 individuals globally and is dedicated to developing effective crop protection products.
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