Abrupt and unprecedented reductions in inventory by growers and the distribution channel led to significant volume decline despite steady on-the-ground consumption

Second Quarter 2023 Highlights

FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on October 19, 2023, to shareholders of record as of the close of business on September 29, 2023.   

FMC Corporation, a leading global agricultural sciences company, today announced the election of Dr. Patricia Verduin to the company's Board of Directors, effective July 17, 2023. She will serve on the Compensation and Organization Committee and the Sustainability Committee. 

• 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

FMC Corporation (NYSE: FMC) and its Ukraine subsidiary “FMC Ukraine” a leading global agricultural sciences company, and the Ukrainian Ministry of Economy, represented by Ms. Yulia Svyrydenko, First Deputy Prime Minister, Minister of Economy of Ukraine, signed a Memorandum of Cooperation (MoC) on Thursday, June 22 during the Ukraine Recovery Conference 2023 in London.

Mark Douglas, president and chief executive officer of FMC Corporation, met honorable Prime Minister Narendra Modi at the India - U.S. Innovation Handshake, the technology roundtable hosted at the White House in Washington D.C. on Friday as part of the Prime Minister’s four-day state visit to the U.S. The event was organized to discuss technology areas of mutual interest and collaboration between the two countries, and roundtable guests included CEOs from leading U.S. and India companies.

FMC Corporation (NYSE: FMC) announced today it will release its second quarter 2023 earnings on Wednesday, August 2, 2023, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.

The company will host a webcast conference call on Thursday, August 3, 2023, at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.

FMC Corporation today published its 2022 sustainability report, Science Driven, People Focused Solutions for Agriculture. The 12^th annual report presents the company's progress on key sustainability commitments, goals and targets, including net-zero emissions, sustainable innovation, product stewardship, and diversity, equity and inclusion.

FMC Corporation today announced that Mark Douglas, president and chief executive officer and Andrew Sandifer, executive vice president and chief financial officer, will speak at the BMO Capital Markets 18th Annual Farm to Market | Chemicals Conference in New York City on Thursday, May 18, 2023, at 8:00 a.m. ET.  A live webcast will be available on the FMC Investor Relations website.

FMC Corporation and Syngenta Crop Protection announced today an agreement to bring to market a breakthrough technology to control weeds in rice in Asia. The new active ingredient, tetflupyrolimet, was discovered and developed by FMC with support from Syngenta for development in rice. It is the first major herbicide with a novel mode of action (DHODH – HRAC Group 28) in more than three decades, providing relief to farmers challenged by increasing weed resistance to existing herbicides.