FMC Corp's Q3 revenue drops 80%, hurt by commercial actions and weak demand

FMC

29/10/2026 20:39

Overview
US agricultural sciences firm's Q3 revenue fell sharply, missing analyst expectations
Q3 adjusted EBITDA was negative and missed analyst expectations
Company says results reflect commercial actions and weaker demand

Outlook
FMC sees Q4 revenue excluding India at $1.04 bln to $1.14 bln
Company expects Q4 adjusted EBITDA of $210 mln to $230 mln
FMC forecasts Q4 adjusted EPS of $0.56 to $0.70

Result Drivers
COMMERCIAL ACTIONS - Co said Q3 results were heavily impacted by pricing and rebate changes in North America and adjustments on high-priced products held by channel customers
LOWER VOLUMES - Co said channel customers in key markets reduced replenishment orders, leading to a 21% volume decline
PRICE DECLINES - Co said Q3 prices fell 2% compared to prior year

Company press release: ID:nPn51MHYra

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$106 mln
$859.59 mln (13 Analysts)
Q3 Net Loss
 
$2.07 bln
 
Q3 Adjusted EBITDA
Miss
-$559 mln
$127.73 mln (13 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the agricultural chemicals peer group is "buy."
Wall Street's median 12-month price target for FMC Corp is $9.00, about 101.3% above its October 28 closing price of $4.47
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Oct 29 - AGCO cites "weakest global industry demand in over a decade" for Q3 sales decline
Oct 28 - John B Sanfilippo Q1 sales fall on lower selling prices
Oct 29 - Bunge Q3 profit beats on oilseed processing strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)