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Best of NAMA 2025










3RD QUARTER: FMC'S REVENUES DOWN 75%, POSTS NET LOSS OF $2.07 BILLION
Source: FMC news release

Third Quarter 2026 Highlights

*Revenue of $106 million, down $436 million versus Q3 2025, including an approximately $639 million negative impact from previously announced commercial actions

*Consolidated GAAP net loss of $2.07 billion, a decline of $1.50 billion versus Q3 2025 driven by non-cash adjustments recorded in connection with deferred tax assets and intangible assets, as well as the commercial actions

*Adjusted EBITDA of negative $559 million, down $795 million versus Q3 2025, including an approximately $672 million negative impact from the commercial actions

*Consolidated GAAP net loss of $15.54 per diluted share, down $11.02 versus Q3 2025

*Adjusted loss per diluted share of $4.41, down $5.30 versus Q3 2025

*GAAP cash from operations of $7 million, an increase of $191 million versus Q3 2025

*Free cash flow of negative $18 million, an improvement of $214 million versus Q3 2025

Outlook

*Fourth quarter revenue excluding India lowered to a range of $1.04 billion to $1.14 billion, essentially flat at the midpoint versus 2025

*Fourth quarter Adjusted EBITDA lowered to a range of $210 million to $230 million, a decline of 22 percent at the midpoint

*Fourth quarter Adjusted earnings per diluted share lowered to a range of $0.56 to $0.70, a decline of 48 percent at the midpoint

*Full year free cash flow now expected to be negative $350 million to negative $150 million

PHILADELPHIA, PA - FMC Corporation (NYSE:FMC) today reported third-quarter 2026 revenue of $106 million, compared with $542 million in the prior-year period. Third-quarter sales include a $639 million negative impact from the commercial actions announced on October 15, 2026, to modify the company's pricing and rebate model in North America and to address select higher-priced products held by channel customers in key markets.

"We are taking significant action to address elevated inventory values in the channel and improve the movement of FMC products to growers," said Pierre Brondeau, chairman, chief executive officer and president. "Our third-quarter results reflected both the substantial impact of these actions and weaker than expected demand. Our priority now is disciplined execution with our customers. We believe completing this work, together with the progress across our operational priorities, positions FMC for improved performance in 2027 and a stronger growth and earnings profile in 2028."

To read the entire report click here.


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