FMC cuts Q3 2026 revenue to $65-125M, sees Adjusted EBITDA of -$510M to -$565M on $625-675M charges

FMC CORP

• Q3 2026 revenue now expected at $65M-$125M with Adjusted EBITDA of negative $565M to negative $510M, an update to prior guidance.
• Commercial actions in Brazil, Argentina, the U.S. and Canada lower prices on select products held by channel customers; ~$625M-$675M of charges hit revenue and Adjusted EBITDA.
• FMC will modify its U.S. selling and pricing model, significantly reducing the gap between gross and net pricing versus the historical high gross-price/high-rebate structure.
• CEO Pierre Brondeau cites weaker-than-expected demand, distributors holding elevated higher-priced FMC inventory, and increased generic competition widening the gap to market prices.
• FMC expects covenant compliance at Sept 30, 2026 but will discuss further covenant modifications with its bank group; Q3 results Oct 29, 2026, 2027-2028 outlook Oct 30.