FMC cuts Q3 2026 outlook, announces $625‑$675M pricing actions
+1 new source since this summary was written
FMC Corporation revised its third‑quarter 2026 outlook, now forecasting revenue of $65 million to $125 million and adjusted EBITDA of negative $565 million to negative $510 million. The company said the downgrade reflects commercial actions that will generate $625 million to $675 million of charges, including price cuts in Brazil, Argentina, the United States and Canada and a change to its U.S. selling and pricing model. CEO Pierre Brondeau attributed the weaker demand to high inventory levels of higher‑priced products held by channel customers.
Why it matters
The lower revenue and large charge reduce FMC’s near‑term earnings and prompted a pre‑market stock decline of about 35%. The company also indicated it will discuss possible covenant modifications with its lenders, adding financing uncertainty for investors.
Key facts
- 1Third‑quarter 2026 revenue is now expected to be $65 million to $125 million. prnewswire.com
- 2Adjusted EBITDA for the quarter is now expected to be negative $565 million to negative $510 million. prnewswire.com
- 3The revision includes $625 million to $675 million in charges related to commercial actions. prnewswire.com
- 4Commercial actions involve price cuts in Brazil, Argentina, the United States and Canada and a modification of the U.S. selling and pricing model. prnewswire.com
- 5CEO Pierre Brondeau said demand was weaker than expected because of elevated inventory of higher‑priced products held by channel customers. prnewswire.com
- 6FMC’s shares fell about 35% after the announcement. investing.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.