"FMC Corp Faces Stock Plunge After Missing Q4 Earnings and Revenue Estimates"
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.