Earnings Releases·Oct 29, 2026, 4:56 PM ET

FMC Corporation — Third Quarter 2026 Earnings Summary

Q3 2026 revenue fell 80% year-over-year to $106 million, driven by a $639 million negative impact from commercial actions and the exclusion of India (held for sale), resulting in a GAAP net loss of $2.07 billion and adjusted loss per share of $4.41.
Management lowered full-year 2026 guidance, projecting revenue (excluding India) of $2.75–$2.85 billion (28% decline) and adjusted EBITDA of -$124 to -$104 million, while Q4 2026 adjusted EBITDA guidance was cut to $210–$230 million.
The company expects a difficult near-term outlook with Q4 2026 revenue flat at the midpoint but adjusted earnings per share declining 48% year-over-year, as elevated channel inventory and high financing costs continue to suppress demand.
Strategic actions include the pending $252 million sale of the India business to Crystal Crop Protection Limited, a $175.9 million restructuring charge for "Project Foundation," and an investment from Tessenderlo Group that increased the share count.
Despite a GAAP net loss, cash from operations improved to $7 million and free cash flow narrowed to a negative $18 million, while total debt decreased to $4.18 billion, though stockholders' equity turned negative at -$19.4 million.