FMC Corp (MIL:1FMC)
€ 9.62 -0.37 (-3.72%) Market Cap: 1.16 Bil Enterprise Value: 4.49 Bil PE Ratio: 0 PB Ratio: 0.82 GF Score: 33/100

Q2 2026 FMC Corp Earnings Call Transcript

Jul 30, 2026 / 01:00 PM GMT
Release Date Price: €9.99 (+10.51%)

Key Points

Positve
  • FMC Corp (FMC) delivered Q2 EBITDA of $153 million, which was 2% above the high end of its guidance range, driven by cost discipline and favorable items.
  • The company made substantial progress on debt reduction, executing actions expected to generate $1 billion in proceeds, including a $400 million equity investment from Tess Group.
  • Sales of differentiated post-patent diamide formulations grew more than 35% year-over-year in Q2, indicating strong demand for premium products.
  • The company's new active ingredient pipeline is advancing, with the EU registration for Isoflex active expected to begin in 2027, and licensing deals validating the portfolio's value.
  • FMC Corp (FMC) expects a return to year-over-year growth in Q4 2026, driven by strong volume from new products and direct sales in Brazil.
Negative
  • FMC Corp (FMC) lowered its full-year 2026 revenue guidance to $3.5-$3.7 billion, a 7% decline at the midpoint, due to challenging market conditions and increased pricing pressure.
  • Q2 sales of $841 million (excluding India) were 1% lower year-over-year, missing expectations due to a difficult operating environment with low insect pressure and geopolitical uncertainty.
  • The company expects Q3 2026 EBITDA to decline 45% at the midpoint, driven by lower prices and volume headwinds from distributor inventory management.
  • Full-year 2026 adjusted EPS is now expected to be between $1.19 and $1.59, a 55% decline at the midpoint, reflecting lower EBITDA and higher interest expense.
  • Net debt to trailing 12-month EBITDA remains elevated at 5.1 times, and the company faces ongoing uncertainty from trade actions and geopolitical risks.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FMC.N - FMC Corp
Q2 2026 FMC Corp Earnings Call
Jul 30, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for joining us and welcome to the second quarter 2026 earnings call for FMC Corporation.

This event is being recorded, and all participants are currently in a listen-only mode.

After today's marks, we will host a question-and-answers.

If you would like to ask a question, please press star 1 to raise your hand.

To withdraw your question, press star 1 again.

Should you experience difficulties, please sign

A conference specialist by pressing 0.

I will now hand the conference over to Mr.

Kurt Brooks, the relations for FMC Corporation.

Please go ahead.

Good morning and welcome to FMC Corporations 2026 second quarter earnings call.
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