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FMC Corporation board elects John M. Raines to Board of Directors
Prnewswire· 2024-07-16 04:30
PHILADELPHIA, July 15, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of John M. Raines to the company's Board of Directors, effective July 15, 2024. Raines will serve on the Audit and Sustainability Committees.With a distinguished career in agriculture and consumer goods spanning over three decades, Raines brings a wealth of global experience, having led major agriculture and food businesses across all four regions of the world. ...
FMC: Fertile But Risky Grounds
Seeking Alpha· 2024-07-15 00:13
JHVEPhoto/iStock Editorial via Getty ImagesIn the summer of 2022 I believed that FMC (NYSE:FMC) was boosting yields, for farmers and investors. That upbeat stance has been utterly wrong, as a $100 stock has nearly halved, while markets at large have been setting new highs. The company has taken on too much leverage and has been hurt by de-stocking trends, soft execution and some patent issues in its portfolio, all of which made FMC become a huge underperformer. If the company can stick to its outlook af ...
FMC Corp (FMC) Divests GSS Business to Envu for $350 Million
ZACKS· 2024-07-12 23:11
文章核心观点 - FMC公司宣布以3.5亿美元的价格将其全球专业解决方案(GSS)业务出售给Envu公司 [1][2][3] - FMC公司将专注于创新农作物保护市场产品和服务,GSS业务不再符合公司中长期战略目标 [2] - Envu公司看好GSS业务的增长潜力,认为是实现其增长战略的良机 [4][5] - 交易预计将于2024年完成,FMC公司将把出售所得用于偿还债务 [6] 行业和公司分析 - GSS业务是一个盈利能力强、增长势头良好的业务 [3] - FMC公司相信这次出售将为GSS业务提供所需的关注和资源,使其能够继续蓬勃发展 [3] - Envu公司作为一家成功进行剥离交易的公司,认为自己是帮助GSS业务顺利过渡并发挥其全部潜力的理想合作伙伴 [5] - FMC公司股价在过去一年下跌41%,而行业整体下跌13% [7] - FMC公司目前被评为Zacks排名第5(强卖出)的公司 [8] - 同行业中Carpenter Technology、Eldorado Gold和Axalta Coating Systems等公司被评为Zacks排名第1(强买)或第2(买入) [9]
FMC Corporation signs definitive agreement to sell Global Specialty Solutions business to Envu
Prnewswire· 2024-07-12 06:15
PHILADELPHIA, July 11, 2024 /PRNewswire/ --FMC Corporation (NYSE:FMC), a leading global agricultural sciences company, today announced it has signed a definitive agreement to sell its Global Specialty Solutions (GSS) business to Environmental Science US, LLC, known as Envu, an environmental science company providing innovations that protect and enhance the health of environments around the world. Envu will purchase the GSS business for a purchase price of $350 million, subject to closing working capital adj ...
FMC Corporation announces dates for second quarter 2024 earnings release and webcast conference call
Prnewswire· 2024-06-20 04:30
PHILADELPHIA, June 19, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC) announced today it will release its second quarter 2024 earnings on Wednesday, July 31, 2024, 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 1, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.Conference Call Details:Internet broadcast: https://investors.fmc.comUnited States (Local): +1 ...
FMC Corporation Board of Directors appoints Pierre Brondeau chairman and chief executive officer
Prnewswire· 2024-06-11 19:30
FMC president and CEO Mark Douglas steps down from his position.Executive vice president Ronaldo Pereira has been elected FMC president.Company reaffirms second quarter 2024 revenue and earnings guidance ranges.PHILADELPHIA, June 11, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC) today announced that its Board of Directors has appointed Pierre Brondeau to be chief executive officer in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down from FMC f ...
Why Is FMC (FMC) Down 15.1% Since Last Earnings Report?
ZACKS· 2024-06-06 00:35
A month has gone by since the last earnings report for FMC (FMC) . Shares have lost about 15.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is FMC due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. FMC's Earnings Surpass Estimates, Revenues Lag in Q1FMC reported a l ...
FMC Receives Registration for Two Herbicides in Brazil
ZACKS· 2024-05-30 19:46
FMC Corporation (FMC) recently received Brazilian registration for its Azugro and Ezanya herbicides, which are geared for use in cotton, tobacco and wheat crops. The Azugro and Ezanya herbicides are powered by Isoflex active, FMC's brand name for bixlozone.Isoflex active is a novel herbicide when used in cereal. It is classified by the Herbicide Resistance Action Committee as a Group 13 herbicide. The two new formulations will provide farmers with new tools to efficiently manage herbicide resistance across ...
FMC Corporation obtains registration in Brazil for two herbicides powered by Isoflex® active
prnewswire.com· 2024-05-29 04:30
PHILADELPHIA, May 28, 2024 /PRNewswire/ --Azugro® and Ezanya® herbicides are powered by Isoflex® activeFMC Corporation (NYSE: FMC), a leading global agricultural sciences company, has received registration in Brazil for Azugro® and Ezanya® herbicides for use in cotton, tobacco and wheat crops. Azugro® and Ezanya® herbicides are powered by Isoflex® active, FMC's brand name for bixlozone. Isoflex® active is a novel herbicide when used in cereals and is classified by the Herbicide Resistance Action Committee ( ...
FMC Corporation releases 2023 sustainability report, publishes first Climate Transition Plan
Prnewswire· 2024-05-23 19:30
文章核心观点 - 该报告突出了FMC公司在创新、安全和可持续发展方面的领导地位 [1] - 报告首次发布了FMC的气候转型计划,详细阐述了公司实现2035年净零温室气体排放的步骤 [1] - 公司不断创新,为农民提供各种可应用于不同农业系统的工具,以提高生产力、效率和可持续性 [2] 公司进展总结 环境目标 - 2023年,公司绝对范围1和2排放减少18%,绝对范围3排放减少27% [1] - 公司将全球有益利用的废弃物比例提高到75% [1] 可持续产品创新 - 公司在产品开发过程中整合了可持续性和管理标准 [2] - 公司不断评估产品如何促进农场的气候适应性、用水效率、生物多样性保护、土壤和植物健康以及与再生农业实践的兼容性 [2] 社区和利益相关方参与 - 公司致力于发现新的除草剂、杀虫剂和杀菌剂活性成分、配方和开创性技术,以更好地保护环境 [3]