---
schema_version: "secwatch.filing_event.v1"
accession: "0000037785-23-000110"
form_type: "8-K"
ticker: "FMC"
cik: "0000037785"
company_name: "FMC CORP"
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:46:34.676671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FMC slashes Q2 and FY 2023 guidance on abrupt channel inventory cuts

## Summary
- Q2 revenue expected at $1.00-$1.03B; adjusted EBITDA $185-$190M, down sharply.
- Full-year revenue revised to $5.20-$5.40B; adjusted EBITDA to $1.30-$1.40B.
- Unprecedented inventory reductions by channel partners in North America, Latin America, and EMEA.
- On-the-ground grower consumption remains strong, similar to prior year levels.
- Cost mitigation actions initiated to reduce H2 operating expenses by $60-$70M.

## SEC filing metadata
- accession: 0000037785-23-000110
- form_type: 8-K
- ticker: FMC
- cik: 0000037785
- company_name: FMC CORP
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/37785/000003778523000110/0000037785-23-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/37785/000003778523000110/fmc-20230710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037785-23-000110
- JSON: https://secwatch.observer/filing/0000037785-23-000110.json
- Plain text: https://secwatch.observer/filing/0000037785-23-000110.txt

## Key facts
- Earnings Releases
  FMC CORP reported second quarter 2023 results: revenue $1.00 billion and $1.03 billion. Guidance lowered.
  - Period: second quarter 2023
  - Revenue: $1.00 billion and $1.03 billion
  - Guidance: lowered
  - Result: guidance update
  source text: Revenue in the second quarter is now expected to be between $1.00 billion and $1.03 billion. Adjusted EBITDA is expected to be in the range of $185 million to $190 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/37785/000003778523000110/0000037785-23-000110-index.htm
- Earnings Releases
  FMC CORP reported full-year 2023 results: revenue $5.20 billion to $5.40 billion. Guidance lowered.
  - Period: full-year 2023
  - Revenue: $5.20 billion to $5.40 billion
  - Guidance: lowered
  - Result: guidance update
  source text: The Company is revising its full-year financial outlook with revenue now expected to be $5.20 billion to $5.40 billion. Adjusted EBITDA for the full year is now expected to be $1.30 billion to $1.40 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/37785/000003778523000110/0000037785-23-000110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.