Stock Data
$0.22 (2.17%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
AGRICULTURAL INPUTS
FMC Corporation is a leading agricultural sciences company specializing in innovative solutions for crop protection, plant health, and professional pest and turf management. With a rich history dating back to 1883 and headquartered in Philadelphia, Pennsylvania, FMC develops and markets a wide range of products including insecticides, herbicides, fungicides, biologicals, crop nutrition, and seed treatment solutions. These products aim to improve crop yield and quality by tackling various agricultural challenges. FMC serves a global market, operating across continents including North America, Latin America, Europe, the Middle East, Africa, and Asia, distributing its products through a combination of its own sales force and strategic partnerships.
FMC beat earnings but slashed full-year guidance by 55% and announced $1 billion in asset sales as the agricultural chemicals maker battles weak North American grower demand and mounting debt of $4.28 billion. The $186.6 million GAAP loss reflected $222.3 million in restructuring charges, while revenue fell 17.5% year-over-year to $867.1 million.
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