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.
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FMC Corporation (NYSE: FMC) will release its fourth quarter 2021 earnings on February 8, 2022, after market close. The earnings will be disclosed via PR Newswire and FMC's website. A conference call will be held on February 9, 2022, at 9:00 a.m. ET, accessible to the public through an internet broadcast and telephone. A replay of the call will be available until March 2, 2022. FMC is focused on agriculture, offering innovative crop protection solutions to meet the challenges of a growing population.
FMC Corporation (NYSE: FMC) has appointed Diane Allemang, Ronaldo Pereira, and Dr. Kathleen Shelton as executive officers and vice presidents. These promotions aim to strengthen FMC's leadership team following its 2018 transformation into a focused agricultural sciences company. Allemang brings expertise in global strategic marketing and product development, Pereira oversees significant business regions accounting for over 50% of revenue, while Dr. Shelton leads R&D efforts with a large team of scientists. These appointments reflect FMC's commitment to long-term growth and innovation.
FMC Corporation (NYSE: FMC) announced a quarterly dividend of 53 cents per share, marking a 10% increase. The dividend is payable on January 20, 2022, to shareholders of record by December 31, 2021. This is FMC's fourth consecutive year of dividend growth, reinforcing its commitment to increasing dividends at or above earnings growth. FMC focuses on innovative agricultural solutions to enhance food production while addressing environmental challenges.
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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.