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.
FMC Corporation announces third quarter results and confirms full-year outlook
Third quarter results significantly impacted by lower sales in Latin America, channel destocking in all regions
Third Quarter 2023 Highlights
FMC Corporation provides update to third quarter expectations and full year 2023 outlook
- 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
FMC Corporation ranked in Top 25 of World Benchmarking Alliance’s 2023 Nature Benchmark
FMC Corporation (NYSE: FMC) has been recognized as a leader in the World Benchmarking Alliance's 2023 Nature Benchmark. The company ranked 23rd out of 350 companies in the food and agriculture sector and 6th in the agricultural inputs segment.
FMC Corporation names Jacqueline Scanlan as new chief human resources officer
PHILADELPHIA, September 25, 2023 – FMC Corporation (NYSE: FMC) announced today that Jacqueline (Jackie) Scanlan has been named executive vice president and chief human resources officer (CHRO). Scanlan will lead the global Human Resources (HR) function and assume responsibility for FMC's global Diversity, Equity and Inclusion (DEI) strategy and team. She reports to Mark Douglas, FMC president and chief executive officer.
FMC Corporation announces dates for third quarter 2023 earnings release and webcast conference call
FMC Corporation (NYSE: FMC) announced today it will release its third quarter 2023 earnings on Monday, October 30, 2023, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.
FMC Corporation response to inaccurate short-seller report
FMC Corporation (NYSE:FMC) announced that the report published today by short-seller Blue Orca Capital made misleading and factually inaccurate statements regarding FMC's patents for its diamide insecticide technology and inaccurately speculated on the strength of FMC's business. As acknowledged by Blue Orca, it is a biased opinion piece.
FMC Corporation partnered with The Congressional Award Program to host first-ever Ag Challenge
FMC Corporation hosted its first-ever Ag Challenge, a case study competition organized by the company's Intergenerational (i-Gen) Employee Resource Group (ERG) in partnership with The Congressional Award Program. A private-public partnership, the Congressional Award Program provides opportunities for young people to unleash their potential by achieving personal goals focused on volunteerism, character development and fitness.
FMC Corporation announces Dodhylex™ active as global trademark for novel grass herbicide
FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced Dodhylex™ active (pronounced DOH’-deh-leks) as the global brand name for tetflupyrolimet, a new mode of action herbicide effective on the most challenging grass weeds in rice.
FMC Corporation’s fluindapyr fungicide obtains registration in Brazil
FMC Corporation, a leading agricultural sciences company, recently received Brazilian registration for fluindapyr, a novel broad-spectrum succinate dehydrogenase inhibitor (SDHI) fungicide.