Fmc Corp Stock Price, News & Analysis

FMC Corporation (NYSE: FMC) has announced a strategic collaboration with UPL Ltd. to enhance the manufacturing and distribution of Rynaxypyr^® active ingredient globally. The multi-year agreement will enable UPL to access and distribute FMC's Rynaxypyr^® products while FMC will expand its manufacturing capacity via toll manufacturing in India. This partnership supports FMC's growth strategy in the agricultural sector, particularly in diamide technology, which has seen double-digit growth since 2017.

FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, payable on April 15, 2021, to shareholders on record by March 31, 2021. The company, specializing in agricultural sciences, offers solutions through its diverse product portfolio, including crop protection and pest management. FMC employs about 6,400 people globally and is committed to innovating for growers worldwide.

FMC Corporation (NYSE: FMC) will participate in the Bank of America Global Agriculture and Materials Conference on March 3 at 1:00 p.m. ET, featuring CEO Mark Douglas and CFO Andrew Sandifer. Additionally, Dr. Kathleen Shelton, CTO, will engage in a panel discussion on March 4 at 10:00 a.m. ET, focusing on the outlook for crop protection. The events will be available via live webcast at fmc's investor relations site. FMC develops innovative agricultural solutions and employs approximately 6,400 staff globally.

FMC Corporation (NYSE: FMC) announced that Pierre Brondeau will transition from his role as executive chairman effective April 27, 2021, prior to the Annual Meeting. He will retire as an employee but has agreed to be re-nominated as a director, continuing his role as chairman in a non-employee capacity if re-elected. This shift follows a previous CEO transition to Mark Douglas in June 2020. The Board's governance plan aims to strengthen leadership with a non-employee chairman and an independent lead director.

FMC Corporation reported fourth-quarter 2020 revenue of $1.15 billion, a 4% decline year-over-year, but an organic growth of 2% excluding foreign currency impacts. GAAP net income surged to $47 million from a loss of $3 million in Q4 2019. For the full year, revenue was $4.64 billion, marking a 1% growth. Looking ahead, FMC anticipates 2021 revenue between $4.9 billion and $5.1 billion, representing an 8% increase at the midpoint. However, Q1 2021 is projected to see a revenue decrease of 7% compared to Q1 2020.

FMC Corporation (NYSE: FMC) has announced that its 2021 Annual Meeting of Stockholders will be held via live webcast on April 27, 2021, at 2 p.m. ET. Investors can access the meeting instructions on the Company’s investor relations website. FMC is recognized for its innovative solutions in agricultural sciences and provides a diverse product portfolio, including insect control and herbicides. The company employs approximately 6,400 people globally. Following the annual meeting, critical information will be shared on the investor website instead of via press release.

FMC Corporation (NYSE: FMC) has announced a strategic partnership with Novozymes to co-develop enzyme-based crop protection solutions. This multi-year collaboration focuses on enzyme biocontrol technology for the fungicide and insecticide markets, targeting key soybean diseases like Asian Soybean Rust. FMC will act as the commercial partner while Novozymes will handle manufacturing. The venture aims to create innovative biological solutions that address pest management challenges sustainably and efficiently. FMC has over 30 biological products on the market and plans to launch four new biopesticides within four years.

FMC Corporation (NYSE: FMC) has adjusted its fourth quarter 2020 revenue outlook to approximately $1.15 billion, down from previous guidance of $1.23 to $1.29 billion. Adjusted EBITDA is now expected to range from $285 to $295 million, compared to prior estimates of $335 to $355 million. The company cited supply chain disruptions and severe drought conditions in Brazil as significant factors. Despite these challenges, FMC maintains a robust full-year free cash flow guidance of $475 to $525 million and a confident outlook for 2021, targeting revenue growth of 5 to 7 percent.