FMC CORP (FMC): restructuring charge — FMC announces Project Foundation restructuring with $560-635M charges; goodwill impairment expected

FMC CORP

Project Foundation to deliver $175M+ annual run-rate savings by end-2027; exits high-cost plants, Asia cuts.
Pre-tax restructuring charges $560-635M: $420-440M non-cash asset write-offs, $140-195M cash costs.
Cash costs include $50-80M severance, $10-20M consulting, $80-95M decommissioning/contract termination.
Due to stock price decline, FMC expects significant non-cash goodwill/intangibles impairment in FY2025.
Restructuring actions substantially complete by end-2027; impairment does not affect operating cash flows.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

FMC CORP announced a restructuring with charges of approximately $560 to $635 million affecting Manufacturing Restructuring Program and cost-reduction initiatives in Asia.

Type: restructuring
Charge: approximately $560 to $635 million
Affected area: Manufacturing Restructuring Program and cost-reduction initiatives in Asia

Exact text from the filing

The Company expects to incur pre-tax restructuring charges over the life of the program in the range of approximately $560 to $635 million, which is subject to future changes, in connection with these efforts.

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

FMC CORP filing history →

Source: SEC EDGAR

accession 0000037785-25-000134

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