FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
Key Highlights
- ➤Q3 revenue expected $65 million-$125 million, versus prior expectations
- ➤Q3 Adjusted EBITDA expected negative $565 million to negative $510 million
- ➤Commercial actions expected to reduce revenue and EBITDA by $625 million-$675 million
- ➤FMC to lower select-product prices across Brazil, Argentina, U.S. and Canada
- ➤U.S. selling model shifts toward narrower gross-to-net pricing gap
- ➤Potential material non-cash impairment charge identified after intangible-assets review
Expert Statements
Pierre Brondeau, Chairman, chief executive officer and president of FMC Corporation
“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.”
Pierre Brondeau, Chairman, chief executive officer and president of FMC Corporation
“We have addressed this issue incrementally over several quarters, but under current market conditions, we determined that more comprehensive actions are necessary.”
Pierre Brondeau, Chairman, chief executive officer and president of FMC Corporation
“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.”
Pierre Brondeau, Chairman, chief executive officer and president of FMC Corporation
“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.”
FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth PR Newswire
* Third-quarter revenue(1) is now expected to be $65 million to $125 million, with Adjusted EBITDA(2) 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 revenue(1) and Adjusted EBITDA(2) * Commercial actions are expected to accelerate movement of FMC products through the channel, supporting future replenishment demand
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