FMC Corporation


SKU: FMC-1 Category:


FMC Corporation delivered a disappointing set of results as they were unable to meet Wall Street’s revenue and earnings expectations. In the third quarter, the company observed an industry-wide destocking trend as the value chain adjusted inventory levels in response to heightened security of supply and increased interest rates. Latin America, typically a robust contributor to Q3 results, experienced a more severe decline than anticipated during their main growing season, leading to lower volumes overall. Despite a 29% YoY decline in Q3 revenue, affected by channel destocking and dry weather conditions, FMC’s team highlights the steady grower application of crop protection products. Newer and differentiated products, including Branded Diamides and Plant Health, outperformed the overall portfolio, demonstrating resilience. In North America, sales decreased by 34%, driven by destocking, while EMEA saw a modest 1% decline. Latin America faced a 33% sales drop due to destocking, while Asia experienced a 28% decline. Their team expects Q4 revenue to be 22% lower YoY, primarily driven by ongoing destocking, with adjusted EBITDA projected between $246 million and $306 million. This quarter, they also introduced Ethos Elite LFR, a novel crop protection product that combines pesticide and biofungicide properties.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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