FMC Corporation updates expectations for second quarter and full-year 2023 outlook
- Abrupt and unprecedented reductions in channel inventory by customers in North America, Latin America and EMEA started in late-May and materially impacted volumes in the quarter
- On-the-ground consumption by growers remains robust at roughly the same levels as last year
- Input costs outlook continues to improve with significant benefit expected in second half
- Significant cost mitigation actions initiated, reducing previously expected operating expense in the second half by $60 to $70 million