FMC expects Q3 adjusted EBITDA of -$565M to -$510M
Approximately $625 million to $675 million in commercial-action charges affect revenue and Adjusted EBITDA, while a possible non-cash impairment remains under assessment.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
FMC Corporation updated its third-quarter 2026 expectations, forecasting revenue of $65 million to $125 million and Adjusted EBITDA of negative $565 million to negative $510 million. These preliminary estimates include approximately $625 million to $675 million in charges impacting revenue and Adjusted EBITDA, tied to pricing actions for select products in Brazil, Argentina, the United States and Canada and a change to the U.S. selling and pricing model.
FMC said weaker-than-expected demand and elevated inventories of higher-priced products at certain channel customers constrained product movement and replenishment. The company expects the actions to support future replenishment demand. It expects to be in compliance with covenants at September 30, 2026, and intends to discuss potential covenant modifications with its bank group over the next year. FMC identified a triggering event to evaluate intangible assets for impairment as of September 30, 2026; the assessment is incomplete, and a material non-cash impairment charge may be required for the quarter ending September 30, with no impact on cash flows from current or future operations. FMC plans to provide more information on third-quarter results and its 2026 financial outlook on October 29, 2026, and preliminary expectations for 2027 and 2028 on October 30, 2026.
0 points · 0 major1 major · 1 point
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- None.
Negative
- Major point. Forward-looking: it has not happened yet and may not happen.Q3 2026 Adjusted EBITDA: expected negative $565 million to negative $510 million.
Insights
Analyzing...
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Third-quarter revenue: $65 million to $125 million
Adjusted EBITDA: negative $565 million to negative $510 million
Commercial-action impact: approximately $625 million to $675 million
3 metrics
Third-quarter revenue
$65 million to $125 million
Expected for the three months ending September 30, 2026
Adjusted EBITDA
negative $565 million to negative $510 million
Expected for the three months ending September 30, 2026
Commercial-action impact
approximately $625 million to $675 million
Estimated charges impacting revenue and Adjusted EBITDA
Key Terms
Adjusted EBITDA, non-GAAP, impairment
3 terms
Adjusted EBITDA financial
"expected Adjusted EBITDA of negative $565 million to negative $510 million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial
"Revenue excluding India (non-GAAP)"
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
impairment financial
"evaluate our intangible assets for impairment"
Impairment occurs when the value of an asset, such as property, equipment, or investments, drops below its recorded worth on the books. This situation signals that the asset may be less valuable than originally thought, similar to discovering that an item you own is worth less than what you paid for it. For investors, recognizing impairment is important because it can affect the overall financial health and future prospects of a business.
Earnings Snapshot
Revenue: $65 million to $125 million · Guidance included
Three months ending September 30, 2026
Revenue
$65 million to $125 million
Adjusted EBITDA
negative $565 million to negative $510 million
Commercial-action impact
approximately $625 million to $675 million
Guidance
FMC plans to provide more information on third-quarter results and its 2026 financial outlook on October 29, 2026, and preliminary expectations for 2027 and 2028 on October 30, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are FMC's updated third-quarter 2026 expectations?
FMC expects third-quarter 2026 revenue of $65 million to $125 million and Adjusted EBITDA of negative $565 million to negative $510 million. The preliminary estimates include approximately $625 million to $675 million in commercial-action impacts on revenue and Adjusted EBITDA.
What commercial actions is FMC taking?
FMC is lowering prices on select products held by channel customers in Brazil, Argentina, the United States and Canada, and will modify its selling and pricing model in the United States. The U.S. change is intended to reduce the gap between gross and net pricing.
Could FMC record a non-cash impairment charge?
FMC identified a triggering event to evaluate its intangible assets for impairment as of September 30, 2026. The assessment is incomplete; the company said a material non-cash impairment charge may be required for the quarter, which would not affect cash flows from current or future operations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________
FORM 8-K
_______________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 15, 2026
__________________________________________________________________________
(Exact name of registrant as specified in its charter)
__________________________________________________________________________
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: 215 -299-6000
__________________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company | ||||||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. | ||||||||||||||||||||
| ☐ | ||||||||||||||||||||
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On October 15, 2026, FMC Corporation issued a press release providing an update on prior guidance for the three months ending September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
99.1 Press Release dated October 15, 2026
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| FMC CORPORATION (Registrant) | |||||||||||
| By: | /s/ ANDREW D. SANDIFER | ||||||||||
| Andrew D. Sandifer Executive Vice President and Chief Financial Officer | |||||||||||
Date: October 15, 2026
Exhibit 99.1
 | FMC Corporation | |||||||||||||
| 2929 Walnut Street | ||||||||||||||
| Philadelphia, PA 19104 | ||||||||||||||
| USA | ||||||||||||||
| News Release | 215.299.6000 | |||||||||||||
| fmc.com | ||||||||||||||
| For Release: Immediate | ||||||||||||||
Media contact: Nicole Canning +1.215.299.5916 | ||||||||||||||
| Nicole.Canning@fmc.com | ||||||||||||||
Investor Contact: Curt Brooks +1.215.299.6137 | ||||||||||||||
| Curt.Brooks@fmc.com | ||||||||||||||
FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
•Third-quarter revenue1 is now expected to be $65 million to $125 million, with Adjusted EBITDA2 expected to be negative $565 million to negative $510 million
•Revised expectations now include commercial actions which are resulting in approximately $625 million to $675 million in charges impacting revenue1 and Adjusted EBITDA2
•Commercial actions are expected to accelerate movement of FMC products through the channel, supporting future replenishment demand
PHILADELPHIA, October 15, 2026 – FMC Corporation (NYSE:FMC) today updated its expectations for third quarter 2026. Revenue1 is now expected to be between $65 million and $125 million with expected Adjusted EBITDA2 of negative $565 million to negative $510 million. These estimates include an estimated $625 million to $675 million impact related to commercial actions to lower the price of select products held by channel customers in key markets and to modify the selling and pricing model in the United States.
“Third-quarter demand was weaker than we expected, driven by challenging market conditions and elevated levels of higher-priced FMC products held in inventory by certain channel customers, which are limiting product movement and replenishment demand,” said Pierre Brondeau, chairman, chief executive officer and president. “We have addressed this issue incrementally over several quarters, but under current market conditions, we determined that more comprehensive actions are necessary.”
Page 2/ FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
Overview of Commercial Actions
The critical commercial issue facing FMC is slower-than-expected demand from channel customers in key markets. Under current market conditions, distributors are seeking to operate with the lowest inventory levels FMC has experienced. Although the company made meaningful progress reducing channel inventory volumes in 2025, certain higher-priced FMC products are increasing the overall value of FMC inventory held by some customers. These products entered the channel under different cost structures, intellectual property positions and competitive conditions. Rapid market price declines, driven in part by increased generic competition, have widened the gap between the value of affected inventory and current market prices, limiting movement of those products to growers.
The company views its current pricing as competitive and expects ongoing manufacturing changes to further support competitive pricing. To accelerate product movement and support replenishment demand, FMC is taking two significant actions.
First, the company is taking comprehensive commercial actions in Brazil, Argentina, the United States and Canada to lower the price of select products held by channel customers.
Second, FMC will modify its selling and pricing model in the United States. Historically, products have been sold using a high gross-price and high-rebate structure. FMC intends to significantly reduce the gap between gross and net pricing, simplifying customer economics, improving channel health and better aligning pricing with current market realities.
Together, these two actions are expected to remove a considerable constraint on the movement of FMC products through the channel to growers and to support future replenishment demand from channel customers.
"The actions we have taken under our 2026 operational priorities, combined with these critical commercial actions, are expected to significantly improve the company's overall competitiveness," said Brondeau. "We believe removing this hurdle is an important step in completing the company's transformation and positioning FMC to operate at its full potential in 2027, 2028 and the long term."
Information in this news release is preliminary and intended to provide an update to third-quarter expectations. The company will provide more information regarding its quarter results and its 2026 financial outlook when it reports third-quarter earnings on October 29, 2026. In addition, the company will share its preliminary expectations for 2027 and 2028 on its earnings call on October 30, 2026.
Page 3/ FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
While the company expects to be in compliance with covenants at September 30, 2026, the company intends to engage in discussions with its bank group on potential further modifications to its covenants over the next year to provide greater flexibility as the commercial actions described above are implemented.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are “forward-looking” and provide other than historical information, including statements contained in this press release, in FMC’s other filings with the SEC, and in presentations, reports or letters to FMC stockholders
In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
We specifically decline to undertake any obligation, and specifically disclaim any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.
Page 4/ FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
This press release contains certain “non-GAAP financial terms” which are defined on our website www.fmc.com/investors. Such terms include Adjusted EBITDA, Adjusted earnings, free cash flow and organic revenue growth. In addition, we have also provided on our website reconciliations of non-GAAP terms to the most directly comparable GAAP terms.
1.Third-quarter revenue refers to both Revenue (GAAP) and Revenue excluding India (non-GAAP). Revenue from the Company's India commercial business is not expected to result in material differences between the two measures for the third quarter.
2.As a result of the commercial adjustments impacting revenue and the revised forward-looking expectations, the Company has identified a triggering event to evaluate our intangible assets for impairment as of September 30, 2026. The assessment is not completed at the date of this release and, therefore, the Company is unable to determine whether an impairment exists or reasonably estimate the amount of any potential non-cash impairment charge, if any. The Company may be required to record a material non-cash impairment charge during the quarter ending September 30, 2026, which would not have an impact on the Company’s cash flows from current or future operations. In addition to this assessment, the Company has not finalized its financial results for the quarter. Therefore, we cannot issue or reasonably estimate complete quarterly results in accordance with GAAP as of the date of this release.
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