FMC Corporation (NYSE: FMC) announced today it will release its fourth quarter 2023 earnings on Monday, February 5, 2024, after the stock market close via PR Newswire and the company’s website https://investors.fmc.com.

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced that its board of directors has elected Patrick (Pat) Day as vice president, Financial Planning & Analysis (FP&A), effective January 1, 2024.  He will join the company's senior management Operating Committee and will continue to report to Andrew Sandifer, executive vice president and CFO.

FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on January 18, 2024, to shareholders of record as of the close of business on December 29, 2023.   

FMC Corporation today announced the winners of the 2024 FMC New Investigator Award. These awards recognize outstanding early career professors impacting fields of science aligned with FMC's research. The awardees were selected by an interdisciplinary committee of scientists from FMC's R&D organization and will receive an unrestricted $50,000 research grant.

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, was recently recognized for its excellence in Environment, Social and Corporate Governance (ESG), ranking among the top U.S. companies on Newsweek's 2024 Most Responsible Companies list for the third consecutive year. The company jumped an impressive 75 spots to rank 60 out of a total of 600 companies. FMC is ranked 8 in the Materials and Chemicals industry and is the only crop protection company to make the list.

• Provides preliminary 2024 outlook¹ including revenue of $4.65 billion to $4.85 billion, adjusted EBITDA of $1.025 billion to $1.125 billion and free cash flow conversion of greater than 100 percent
• Initiates three-year rolling financial goals with 2026 revenue expected to be $5.5 billion to $6.0 billion and adjusted EBITDA of $1.3 billion to $1.5 billion

2024 Full-Year Preliminary Outlook¹

FMC Corporation (NYSE:FMC) today finalized an expected amendment to its existing revolving credit agreement.  The amendment raises the maximum leverage ratio covenant to 6.5 times immediately through June 30, 2024, after which the maximum leverage ratio will step down in increments to 3.75 times at September 30, 2025 and remain at that level thereafter.  The interest coverage ratio covenant was similarly adjusted over this time period. 

Third quarter results significantly impacted by lower sales in Latin America, channel destocking in all regions

Third Quarter 2023 Highlights

• Third quarter revenue and earnings outlook reduced primarily due to lower volumes in Latin America as destocking was more severe than anticipated
• Results in EMEA, Asia and North America were broadly in line with expectations