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FMC Corporation reports news on its global agricultural sciences business, including crop protection solutions, biologicals, crop nutrition, digital and precision agriculture, and research into herbicide, insecticide and fungicide active ingredients. Company updates commonly cover quarterly results, outlook commentary, dividend declarations, executive conference appearances, and regulatory approvals for products such as Isoflex® active.
FMC news also reflects the operating issues of a crop protection supplier, including regional revenue trends, product commercialization, operational priorities, capital-structure matters, and governance developments affecting its board and incentive plans.
FMC Corporation (NYSE: FMC) has secured an interim injunction from the Delhi High Court against NATCO Pharma Limited for patent infringement regarding chlorantraniliprole, FMC's leading insect control active ingredient. This lawsuit, initiated in October 2019, prohibits NATCO from producing or selling products containing this patented ingredient, marketed by FMC as Rynaxapyr® in India. FMC emphasizes its commitment to protecting farmers and its investment in innovation to support agricultural production in India.
FMC Corporation (NYSE: FMC) will announce its second quarter 2021 earnings on August 3, 2021, after market close, via PR Newswire and its website. A webcast conference call is scheduled for August 4, 2021, at 9:00 a.m. ET.
Participants can access the call through the provided link, and a replay will be available until August 25, 2021.
FMC specializes in agricultural sciences, offering a diverse portfolio including pest management solutions.
FMC Corporation (NYSE: FMC) announced U.S. EPA registration for fluindapyr, an innovative SDHI fungicide aimed at controlling various fungal diseases in crops and turf. This significant approval, after nearly 10 years of development, positions fluindapyr as a versatile solution for farmers and golf course managers worldwide. It effectively manages resistant pathogens and complements existing disease management programs. Fluindapyr formulations are set for registration in key markets, enhancing FMC's robust product portfolio in agricultural sciences.
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FMC Corporation reported Q1 2021 revenue of $1.2 billion, a 4% decline year-over-year, with GAAP earnings of $1.40 per diluted share, down 11%. Adjusted EBITDA was $307 million, decreasing by 14%. The company maintains its full-year revenue forecast between $4.9 billion and $5.1 billion, reflecting an 8% increase at the midpoint. Adjusted earnings are raised to $6.70-$7.40 per diluted share. FMC anticipates Q2 revenue of $1.19-$1.26 billion, expecting a 6% growth at the midpoint compared to Q2 2020, driven by strong demand and new product launches.
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, which will be paid on July 15, 2021, to shareholders on record as of June 30, 2021. This announcement demonstrates the company's ongoing commitment to returning value to its shareholders.
FMC specializes in agricultural sciences, providing innovative crop protection and management solutions globally. The company has a diverse product portfolio that includes leading brands and advanced technologies.
FMC Corporation (NYSE: FMC) has announced the retirement of Marc Hullebroeck, the current president of the EMEA region, effective June 30, 2021, after a 31-year career with the company. He will be succeeded by Sebastia Pons, who is currently the director of Portfolio Strategy and Strategic Marketing for the EMEA region, starting July 1, 2021. Pons brings over 20 years of experience from DuPont and has worked closely with Hullebroeck. FMC emphasizes the leadership transition will continue to support its business strategy in the agriculture sector.
FMC Corporation (NYSE: FMC) has received a new mode of action classification for its herbicide molecule, tetflupyrolimet, marking a significant development in crop protection. This is the first active ingredient classified under Group 28 by HRAC and WSSA in over 30 years. Expected to launch in 2023, tetflupyrolimet aims to tackle critical grass and broadleaf weeds in rice, with potential testing in other crops like sugarcane and soybeans. The innovation follows extensive research, screening over 60,000 compounds, to address the growing challenge of weed resistance.
FMC Corporation (NYSE: FMC) will release its first quarter 2021 earnings on May 5, 2021, after market close. A webcast conference call is scheduled for May 6, 2021, at 9:00 a.m. ET. Interested parties can access the call via the FMC investor relations website. The company provides innovative agricultural solutions globally, supporting growers with a robust product portfolio.
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.