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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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.

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FAQ

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.

FMC Corporation

NYSE:FMC

FMC Rankings

FMC Stock Data

7.73B
124.82M
0.96%
99.83%
7.14%
Pesticide and Other Agricultural Chemical Manufacturing
Manufacturing
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United States of America
PHILADELPHIA