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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) announces that CEO Mark Douglas and CFO Andrew Sandifer will present at the Credit Suisse 33rd Annual Basic Materials Conference on September 17 at 9:30 a.m. ET. A live webcast of the event will be available on the company's investor relations website. FMC specializes in agricultural sciences, offering innovative crop protection solutions and a diverse product portfolio that includes insecticides and herbicides. The firm employs approximately 6,400 workers worldwide.
FMC Corporation (NYSE: FMC) and Zymergen have announced a collaboration aimed at developing innovative crop protection solutions. The partnership will leverage Zymergen's extensive molecular library and expertise in synthetic biology to accelerate the discovery of natural products for agriculture. FMC aims to enhance its product pipeline by using Zymergen's gene clusters and fermentation capabilities, targeting specific pests effectively. This collaboration addresses consumer demand for sustainable agricultural practices amid increasing global food needs.
FMC reported Q2 2020 revenue of $1.16 billion, a decrease of 4% compared to Q2 2019, but saw 3% organic growth. GAAP net income reached $185 million, marking a 5% increase year-over-year. Adjusted EBITDA stood at $341 million, a 1% rise. The company raised its full-year revenue outlook to between $4.68 and $4.82 billion, reflecting 3% growth at the midpoint and 9% organic growth. Additionally, adjusted earnings guidance increased to $6.28 to $6.62 per diluted share, indicating a 6% increase.
FMC Corporation (NYSE: FMC) declared a quarterly dividend of 44 cents per share, payable on October 15, 2020. Shareholders recorded as of the close of business on September 30, 2020 will receive this dividend. FMC focuses on agricultural sciences, offering innovative solutions for crop protection and plant health, supported by a diverse product portfolio. The company's workforce comprises approximately 6,400 employees globally. For more information, visit www.fmc.com.
FMC Corporation has elected John Davidson to its Board of Directors as of July 13, 2020. Davidson, a finance leader with extensive global experience, will serve on the Audit and Sustainability Committees. He previously held senior roles at Tyco International, Eastman Kodak, and Dell Computer. His background includes governance and financial reporting expertise. CEO Mark Douglas expressed optimism about Davidson's contribution to FMC's growth strategy, emphasizing a focus on enhancing shareholder value.
FMC Corporation has partnered with Nutrien Ag Solutions to implement the FMC Arc™ farm intelligence platform in California's Salinas Valley. This pilot program focuses on real-time pest mapping and forecasting of diamondback moth populations affecting brassica crops, which include Brussels sprouts, broccoli, and cauliflower. The diamondback moth causes over $4 billion in economic losses annually. The pilot, running until mid-September 2020, aims to enhance pest management strategies, benefiting growers by leveraging advanced predictive modeling and technology for effective crop protection.
FMC Corporation (NYSE: FMC) will release its second quarter 2020 earnings on August 4, 2020, after the market close. A conference call is scheduled for August 5, 2020, at 9:00 a.m. ET, available via internet broadcast and telephone. FMC specializes in agricultural sciences, offering a range of crop protection products and solutions. The company employs around 6,400 employees globally. For further details, visit the investor website.
FMC Corporation (NYSE: FMC) has partnered with Cyclica Inc. to enhance the efficiency of discovering new crop protection chemistry through artificial intelligence. This collaboration aims to leverage Cyclica's AI platforms, Ligand Design™ and Ligand Express™, to accelerate the discovery of novel compounds. FMC currently has over 25 molecules in its pipeline and is committed to innovating pest control solutions. The terms of this collaboration remain undisclosed, reflecting FMC's dedication to advancing its research capabilities.
FMC Corporation (NYSE: FMC) has launched FMC Ventures, a venture capital arm aimed at investing in emerging technologies within the agricultural sector. The initiative focuses on innovations in areas such as artificial intelligence, genomics, and robotics that address key agricultural challenges. The first investment targets Trace Genomics, a start-up improving soil health management through advanced DNA sequencing and machine learning. FMC will maintain a minority stake in Trace Genomics, emphasizing its commitment to advancing sustainable agricultural practices.