FMC Q1 revenue falls 4% on lower pricing

FMC

29/04/2026 21:46

Overview

U.S. crop protection firm's Q1 revenue fell 4% but beat analyst expectations

Adjusted EPS and adjusted EBITDA for Q1 both beat analyst expectations despite year-over-year declines

Company reaffirmed full-year 2026 revenue, adjusted EBITDA, and adjusted EPS guidance

Outlook

FMC reaffirms 2026 revenue guidance of $3.60 bln to $3.80 bln, excluding India

Company expects 2026 adjusted EBITDA of $670 mln to $730 mln and EPS of $1.63 to $1.89

FMC sees Q2 revenue of $850 mln to $900 mln and adjusted EPS of $0.16 to $0.26

Result Drivers

PRICE DECLINE - Co said lower pricing to diamide partners, pricing actions on branded Rynaxypyr products and competitive market for legacy core products drove price down 6%

COST INCREASES - Co said unfavorable costs, including tariffs and higher raw material costs, contributed to lower adjusted EBITDA

VOLUME GROWTH - Co said volume improved 2% due to strong growth in EMEA and North America, with new active ingredient sales doubling year-over-year

Company press release: ID:nPn7mWYZYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$759 mln
$744.41 mln (14 Analysts)
Q1 Adjusted EPS
Beat
-$0.23
-$0.33 (14 Analysts)
Q1 Net Income
-$281 mln
Q1 Adjusted EBITDA
Beat
$72 mln
$57.69 mln (14 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 13 "hold" and 1 "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 $16.00, about 4.8% above its April 28 closing price of $15.26

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

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.)