secwatch.observer — SEC 8-K summary
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Issuer:     FMC CORP (FMC)
CIK:        0000037785
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000037785-23-000151
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FMC Q2 revenue falls 30% to $1.01B; GAAP EPS $0.24, down 77% YoY; full-year outlook lowered
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- Revenue $1.01B, down 30% vs Q2 2022; organic decline 28%; volume down 31%, price up 3%.
- GAAP net income $32.4M ($0.24 diluted EPS), down 75% and 77% respectively vs prior year.
- Adjusted EPS $0.50, down 74% vs Q2 2022; adjusted EBITDA $187.6M, down 48%.
- Full-year 2023 adjusted EPS guidance lowered to $5.86-6.80 (15% decline at midpoint); free cash flow range -$175M to +$175M.
- Cites unprecedented inventory destocking by growers and channels; expects H2 adjusted EBITDA growth of 16% at midpoint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000151/0000037785-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000151/fmc-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000037785-23-000151

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