secwatch.observer — SEC 8-K summary
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Issuer:     FMC CORP (FMC)
CIK:        0000037785
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000037785-23-000171
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FMC Q3 revenue down 29% YoY to $982M, posts GAAP loss, cuts full-year EPS and FCF guidance
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- GAAP net loss of $4M ($0.03 loss per diluted share), down 103% vs Q3 2022.
- Adjusted EPS of $0.44, down 64% YoY; adjusted EBITDA $175M, down 33%.
- Latin America revenue down 33% (36% organic) due to severe destocking in Brazil.
- Full-year 2023 guidance: revenue $4.48-4.72B, adjusted EPS $3.57-4.13, FCF negative $860M to negative $640M.
- Company implementing restructuring program to right-size cost base amid channel destocking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000171/0000037785-23-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000171/fmc-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000037785-23-000171

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