Fmc Corp Stock Price, News & Analysis

FMC Corporation (NYSE: FMC) has signed multi-year agreements with Corteva Agriscience to provide Rynaxypyr® and Cyazypyr® actives for seed treatment products. This collaboration aims to enhance crop protection against insect pests, positively impacting yield and quality. Since acquiring these actives in late 2017, FMC has significantly expanded their usage, with registrations in over 120 countries. The agreements underscore FMC's commitment to supplying advanced crop protection solutions, aligning with its diamide growth strategy.

FMC Corporation (NYSE: FMC) has joined key global initiatives, including the Agricultural Innovation Mission for Climate (AIM4C) and the SPG Coalition, to promote sustainable agriculture and address food security challenges. As a founding member, FMC aims to leverage its expertise in crop protection and innovation to contribute to environmental conservation and productivity growth. FMC’s commitment involves significant investments in R&D and precision technologies to enhance farmers' efficiency while tackling pressing issues like climate change and resource depletion.

FMC Corporation reported third quarter 2021 revenue of $1.19 billion, up 10% from Q3 2020, with adjusted earnings per share of $1.43, reflecting a 17% increase. Consolidated GAAP net income rose 43% to $160 million. The company maintains its full-year revenue forecast between $4.9 billion and $5.1 billion, projecting 8% growth. Adjusted EBITDA is forecasted at $1.29 to $1.35 billion, with a 6% annual growth rate. Fourth quarter revenue is estimated to reach $1.27 to $1.47 billion, indicating a 19% increase compared to Q4 2020.

FMC Corporation (NYSE: FMC) will announce its third quarter 2021 earnings on November 2, 2021, after market close. A conference call is scheduled for November 3, 2021, at 9:00 a.m. ET, accessible via internet and telephone. The call will provide insights into company performance amidst challenges from the ongoing COVID-19 pandemic, which may affect financial results. Investors can find more detailed information on the company's website.

FMC Corporation (NYSE: FMC) recently won a patent infringement case against Shandong Weifang Rainbow Chemical Co. Ltd. in China. The court ruled that Rainbow infringed on FMC's patent for the insecticide chlorantraniliprole, leading to a permanent injunction against Rainbow to cease production and sales. Additionally, Rainbow is ordered to compensate FMC for damages. This ruling reinforces FMC's commitment to protecting its intellectual property and underscores the importance of innovation in crop protection solutions.

FMC Corporation (NYSE: FMC) has set an ambitious target to achieve net-zero greenhouse gas emissions by 2035. This commitment is aligned with global temperature goals of limiting temperature rise to 1.5°C above pre-industrial levels. The company plans to implement science-based targets and engage key organizational sectors to enhance efficiency and invest in renewable energy.

FMC will pursue carbon neutrality across emission Scopes 1, 2, and 3 as defined by the GHG Protocol, encompassing direct and indirect emissions. This proactive approach highlights FMC's dedication to sustainability and addressing climate challenges affecting agriculture.

FMC Corporation reported a strong Q2 2021 with revenue of $1.2 billion, an 8% increase year-over-year. GAAP net income rose 10% to $203 million, translating to $1.56 per diluted share, while adjusted EPS climbed 5% to $1.81. The 2021 adjusted EBITDA forecast was lowered, now projected between $1.29 billion and $1.35 billion, due to rising costs. Full-year revenue expectations remain at $4.9 to $5.1 billion. Although strong volume growth is expected across various regions, escalating raw material and freight costs are ongoing challenges.

FMC Corporation has appointed Abizar "Zack" Zaki as the new Investor Relations director, effective August. Zaki, who joined FMC in 2013, has held various leadership roles, notably as the business director for Global Specialty Solutions. His extensive experience with FMC's growth strategy positions him to effectively engage with the investor community. He takes over from Michael Wherley, who served for over four years. CEO Mark Douglas praised Zaki's leadership qualities and contributions, which are expected to enhance FMC's investor relations.