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) 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.
FMC Corporation (NYSE: FMC) will release its fourth quarter 2020 earnings on February 9, 2021, post-market close, accessible via PR Newswire and its investor website. A webcast conference call is scheduled for February 10, 2021, at 9:00 a.m. ET. The call is open to the public and will be available for replay until March 3, 2021. FMC, a leader in agricultural sciences, focuses on innovative solutions and crop protection products. For more details, visit FMC's investor website.
FMC Corporation (NYSE: FMC) has declared a quarterly dividend of 48 cents per share, marking a 9% increase from prior dividends. This dividend is payable on January 21, 2021, to shareholders of record by December 31, 2020. CFO Andrew Sandifer emphasized this decision aligns with FMC's strategy to return excess cash to shareholders in proportion to net income growth. The company, specializing in agricultural sciences, continues to innovate through its product portfolio and development pipeline, benefiting growers globally.
FMC Corporation (NYSE: FMC) announced that CFO Andrew Sandifer will speak at the UBS Chicago Virtual Agriculture & Industrial Chemicals Conference on December 10 at 10:30 a.m. ET. Investors can access the live webcast at investors.fmc.com.
The company specializes in agricultural sciences, offering innovative crop protection and pest management solutions, employing around 6,400 people globally. FMC's product portfolio includes insecticides, herbicides, and biologicals, leveraging advanced technologies for effective agricultural solutions.
FMC Corporation (NYSE: FMC) received multiple accolades at the 2020 Crop Science Awards, including the Best R&D Pipeline and Best New Biological Product for its Accudo® biostimulant. The company's innovative pipeline includes new insecticides, herbicides, and fungicides, with Isoflex™ active set to launch in early 2021, marking a breakthrough in herbicide technology. Accudo® enhances yield by over 15% and boasts an impressive two-year shelf life. Additionally, FMC was commended for its marketing campaign using augmented reality for Talstar® insecticide.
FMC Corporation reported third quarter 2020 revenue of $1.08 billion, a 7% increase from the same quarter in 2019, with organic growth at 15%. GAAP net income rose 25% to $112 million, with earnings per diluted share at $0.85, up 23%. The company raised its full-year revenue outlook to $4.72-$4.78 billion, reflecting a 3% growth at midpoint and 9% organic growth. Adjusted EBITDA guidance increased to $1.295-$1.315 billion, and adjusted earnings are now projected at $6.45-$6.57 per share, indicating a 7% growth. Free cash flow is expected to reach $475-$525 million.
FMC Corporation (NYSE: FMC) announced that CEO Mark Douglas will speak at the Stephens Annual Investment Conference on November 18, 2020, at 3:00 p.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 solutions for crop protection and plant health, with a diverse product portfolio featuring advanced technologies. The company employs 6,400 individuals globally. For more details, visit investors.fmc.com.
FMC Corporation (NYSE: FMC) announced the election of Brian Blair as vice president and treasurer, effective November 1, 2020. He will succeed Brian Angeli, who will focus on leading Precision Agriculture and FMC Ventures. Blair, a finance leader with over a decade at FMC, previously held the role of deputy treasurer. CEO Mark Douglas praised Blair's experience, expecting his leadership to enhance the Treasury group. FMC continues to innovate in agricultural sciences with a considerable employee base of approximately 6,400 worldwide.
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