FMC Corporation Provides Update to Third-Quarter Expectations and Announces Comprehensive Commercial Actions to Expedite Return to Growth
FMC slashed its Q3 2026 outlook, now guiding revenue to just $65-125 million with Adjusted EBITDA of negative $565M to negative $510M, including $625-675M of charges from commercial actions. The charges stem from price cuts on higher-priced product sitting in distributor channels in Brazil, Argentina, the US and Canada, plus a shift in the US away from a high-gross-price/high-rebate model — responses to weak demand and rapid price declines from generic competition. FMC flagged a triggering event to assess intangible-asset impairment and may record a material non-cash charge; it expects covenant compliance at September 30 but will discuss further covenant modifications with its bank group.
Key figures
- Revenue
- $65 million to $125 million
- Guidance
- Q3 revenue $65M-$125M; Adjusted EBITDA negative $565M to negative $510M
- Adjusted ebitda
- negative $565M to negative $510M
- Commercial action charges
- $625 million to $675 million
- Impairment triggering event
- Yes
AI analysis
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