"FMC Corp Faces Stock Plunge After Missing Q4 Earnings and Revenue Estimates"
TL;DR Summary
FMC Corp reported a decline in revenue and adjusted earnings for 2023, attributed to channel destocking and adverse weather. However, the company's GAAP net income surged due to one-time tax benefits. The 2024 outlook anticipates slight revenue growth and essentially flat adjusted EBITDA. FMC's focus on innovation and cost management, along with expected benefits from restructuring, suggests potential for recovery and growth in the agricultural sector.
- FMC Corp (FMC) Reports Mixed 2023 Results and Provides 2024 Guidance Yahoo Finance
- FMC Stock Plunges as Weak Sales, Destocking Hit Earnings—Key Price Levels to Watch Investopedia
- FMC Non-GAAP EPS of $1.07 misses by $0.01, revenue of $1.15B misses by $90M Seeking Alpha
- FMC Stock Plunges. Why Shares of the Fertilizer Company Are Diving. Barron's
- FMC Corp (FMC) Misses Q4 Earnings and Revenue Estimates MSN
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