Fmc Corp Stock Price, News & Analysis

FMC (NYSE: FMC) has announced that Pierre Brondeau, chairman and CEO, along with Andrew Sandifer, executive vice president and CFO, will be presenting at the Bank of America 2025 Global Agriculture and Materials Conference. The presentation is scheduled for February 26, 2025, at 4:15 p.m. Eastern Time.

Interested parties can access a live webcast of the presentation through the company's investor relations website at www.fmc.com/investors.

FMC reported mixed results for Q4 2024 and full-year performance, along with its 2025 outlook. Q4 revenue reached $1.22 billion, up 7% year-over-year with 12% organic growth, driven by volume increases particularly in the growth portfolio. However, the company posted a GAAP net loss of $16 million in Q4.

Full-year 2024 revenue declined 5% to $4.25 billion, with adjusted EBITDA falling 8% to $903 million. Notable improvements came in cash flow, with operations generating $737 million, a $1.04 billion increase from 2023. Free cash flow reached $614 million, up $1.14 billion versus prior year.

For 2025, FMC projects revenue between $4.15-4.35 billion, essentially flat year-over-year, with adjusted EBITDA of $870-950 million. The company expects COGS tailwinds of $175-200 million from raw material deflation and restructuring benefits, though free cash flow is forecasted to decline 51% at midpoint to $200-400 million.

FMC (NYSE: FMC) has announced that its 2025 annual meeting of stockholders will be conducted as a live webcast on Tuesday, April 29, 2025, at 2:00 p.m. ET. Shareholders can access the meeting through instructions that will be provided on the company's Investor Relations website at https://investors.fmc.com.

FMC (NYSE: FMC) has scheduled its fourth quarter 2024 earnings release for Tuesday, February 4, 2025, after market close. The company will host an extended 90-minute webcast conference call at 5:00 p.m. ET on the same day, increased from the usual 60 minutes.

During the call, management will discuss Q4 and full-year 2024 results, provide guidance for Q1 and full-year 2025, and update on the three-year outlook and company strategy. The extended duration aims to accommodate the numerous topics and Q&A session adequately.

FMC (NYSE: FMC) has announced that its board of directors has declared a regular quarterly dividend of $0.58 per share. The dividend will be payable on January 16, 2025, to shareholders of record at the close of business on December 31, 2024.

FMC (NYSE: FMC) has announced the election of Anthony DiSilvestro to its Board of Directors, effective December 12, 2024. DiSilvestro, currently the CFO of Mattel Inc., will serve on the Audit and Compensation and Human Capital Committees. He brings over 40 years of financial experience in multi-billion dollar companies, including his previous role as Senior VP and CFO at Campbell Soup Company, where he led significant cost reduction programs and managed an activist-led proxy contest. FMC's chairman and CEO Pierre Brondeau highlighted DiSilvestro's expertise in leading large transformations and developing corporate strategies as valuable assets for the company.

FMC (NYSE:FMC) and Envu have completed the sale of FMC's Global Specialty Solutions (GSS) business, following their definitive acquisition agreement from July 11, 2024. The GSS business includes products for non-crop markets like golf courses, sports stadiums, and pest control. This strategic divestiture allows FMC to focus exclusively on the global crop protection market. As part of the agreement, FMC will remain a contracted supplier of key products and actives during the transition period. FMC plans to use all proceeds from the sale for debt reduction.

FMC reported strong Q3 2024 results with revenue of $1.07 billion, up 9% from Q3 2023 and 12% organically. The company posted consolidated GAAP net income of $66 million ($0.52 per share), compared to a net loss in Q3 2023. Adjusted EBITDA reached $201 million, up 15%. Volume growth of 17% offset a 5% price decline and 3% FX headwind.

The company updated its full-year 2024 outlook, expecting revenue of $4.33-4.44 billion (2% decline), adjusted EBITDA of $885-915 million (8% decline), and adjusted EPS of $3.16-3.52 (12% decrease), accounting for the expected sale of its GSS business.

FMC (NYSE: FMC) has announced a distribution agreement with Ballagro Agro Tecnologia Ltda. to expand its biologicals crop protection offering in Brazil. This partnership is part of FMC's strategic plan to grow its biologicals platform in key markets. FMC Brazil will license and distribute key leading biosolutions from Ballagro, combining FMC's expertise in microbial solutions with Ballagro's fungi-based technologies.

The collaboration aims to provide Brazilian growers with a comprehensive portfolio of biological solutions to improve productivity, efficiency, and sustainability. This agreement supports FMC's integrated approach to pest management for more sustainable agricultural production. FMC has launched nearly 50 biological products in 42 countries in the past five years and will continue to invest in growing its Plant Health business through various strategies.