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FMC Shares Gain 14% in 6 Months: What's Driving the Stock?
ZACKS· 2024-08-30 13:05
FMC Corporation’s (FMC) shares have gained 14.1% over the past six months. The company has also outperformed its industry’s rise of 2.6% over the same time frame. FMC has also topped the S&P 500’s roughly 9.7% rise over the same period.Let’s take a look into the factors that are driving this Zacks Rank #3 (Hold) company. Image Source: Zacks Investment Research What’s Working in FMC’s Favor?FMC delivered forecast-topping results in the second quarter on the back of higher volumes. Adjusted earnings per share ...
FMC Corporation granted a temporary restraining order against Sharda USA LLC for patent infringement in the United States
Prnewswire· 2024-08-28 20:30
PHILADELPHIA, Aug. 28, 2024 /PRNewswire/ --FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced the United States District Court for the Eastern District of Pennsylvania granted a temporary restraining order against Sharda USA LLC ("Sharda"). The order restrains Sharda from importing, marketing, advertising, selling or distributing any premix products containing bifenthrin and cyano-pyrethroids that are covered by FMC's patents. This includes Sharda's "Winner" insecticide p ...
FMC Submits Regulatory Applications for Dodhylex Active
ZACKS· 2024-08-21 14:15
FMC Corporation (FMC) recently filed regulatory applications for the Dodhylex active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, accounting for roughly 35% of the estimated 165 million hectares of planted rice worldwide. Dodhylex active regulatory filings are planned for a number of other significant global markets.The Herbicide Resistance Action Committee and the Weed Science So ...
FMC Corporation submits regulatory applications in eight countries for Dodhylex™ active
Prnewswire· 2024-08-20 20:30
This first new mode of action herbicide in over 30 years will be an important tool for managing resistancePHILADELPHIA, Aug. 20, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading agricultural sciences company, recently submitted regulatory applications for Dodhylex™ active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, which account for approximately 35% of the estimated 1 ...
Unlocking FMC (FMC) International Revenues: Trends, Surprises, and Prospects
ZACKS· 2024-08-07 14:16
Did you analyze how FMC (FMC) fared in its international operations for the quarter ending June 2024? Given the widespread global presence of this chemical producer, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investo ...
Compared to Estimates, FMC (FMC) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-02 23:01
FMC (FMC) reported $1.04 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.4%. EPS of $0.63 for the same period compares to $0.50 a year ago.The reported revenue represents a surprise of +4.33% over the Zacks Consensus Estimate of $995.3 million. With the consensus EPS estimate being $0.50, the EPS surprise was +26.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...
FMC (FMC) - 2024 Q2 - Quarterly Report
2024-08-01 17:52
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 For the transition period from _______ to _______ Commiss ...
FMC (FMC) - 2024 Q2 - Earnings Call Transcript
2024-08-01 17:25
FMC Corporation (NYSE:FMC) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Curt Brooks - Director of IR Pierre Brondeau - Chairman and the CEO Andrew Sandifer - EVP and CFO Ronaldo Pereira - President Conference Call Participants Christopher Parkinson - Wolfe Research Partners Josh Spector - UBS Vincent Andrews - Morgan Stanley Arun Viswanathan - RBC Capital Frank Mitsch - Fermium Research Richard Garchitorena - Wells Fargo Edlain Rodriguez - Mizuho Benjamin Theurer - Barclay ...
FMC's Earnings and Revenues Surpass Estimates in Q2
ZACKS· 2024-08-01 13:41
FMC Corporation (FMC) reported earnings of $2.35 per share in second-quarter 2024, up from earnings of 24 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 63 cents, beating the Zacks Consensus Estimate of 50 cents.Revenues were $1,038.4 million in the quarter, up around 2% from the year-ago quarter’s levels. The top line surpassed the Zacks Consensus Estimate of $995.3 million.The top line in the reported quarter was driven by a 14% year-over-year rise in volumes.  This ...
FMC (FMC) - 2024 Q2 - Earnings Call Presentation
2024-08-01 13:17
Q2 2024 Earnings Presentation August 1, 2024 Q2 2024 Earnings Presentation FMC CORPORATION 1 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this presentation are forward-looking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook for our company based on currently available information. In some cases, you can identify these forward-looking stateme ...