Oct 29, 4:56 PM ET
FMC reported third-quarter 2026 revenue of $106 million, down from $542 million a year earlier, and a GAAP net loss of $2.07 billion, or $15.54 per diluted share. The company attributed about $639 million of the revenue hit and about $672 million of the Adjusted EBITDA hit to commercial actions announced October 15, 2026, and lowered its fourth-quarter and full-year outlook, which matters to shareholders because it reduces expected earnings and free cash flow.
- Q3 2026 revenue was $106 million versus $542 million in Q3 2025; commercial actions reduced revenue by about $639 million.
- Q3 Adjusted EBITDA was negative $559 million versus $236 million a year earlier; GAAP net loss was $2.07 billion.
- Q4 2026 Adjusted EBITDA is now forecast at $210 million to $230 million, a 22 percent decline at the midpoint; Q4 Adjusted EPS at $0.56 to $0.70.
- Full-year 2026 free cash flow is now expected to be negative $350 million to negative $150 million.
Read the filing on SEC.gov ↗
Oct 21, 5:04 PM ET
FMC expanded its board from 9 to 10 directors on October 21, 2026, and appointed Luc Tack, nominee of investor Tessenderlo Group NV, as a director. The appointment follows the closing on September 23, 2026 of a stock sale in which FMC sold 30,319,166 shares to Tessenderlo at $13.30 per share, and it gives the investor board representation under the Investor Agreement.
- Board increased from 9 to 10 directors; Luc Tack appointed effective October 21, 2026, and joined the Sustainability & Innovation Committee
- Tessenderlo bought 30,319,166 shares at $13.30 per share, an aggregate purchase price of $403,244,907.80, with closing on September 23, 2026
- Tack has been CEO of Tessenderlo since December 2013 and also serves as its managing director and as Managing Director of Picanol NV
- Tack receives the standard non-employee director pay, except his annual equity grant is replaced by an equivalent amount of cash due to share acquisition restrictions under the Investor Agreement
Read the filing on SEC.gov ↗
Oct 21, 4:30 PM ET
FMC Corporation entered into Amendment No. 8 to its Fifth Amended and Restated Credit Agreement on October 15, 2026, with Citibank, N.A. as administrative agent. The amendment requires the company to use net cash proceeds from its previously announced sale of its India commercial business to repay debt or for general corporate or working capital purposes, and conditionally releases certain guarantors and assets from the lenders' security interest to allow actions ahead of that sale.
- Amendment No. 8 dated October 15, 2026 modifies the credit agreement originally dated June 17, 2022
- Net cash proceeds from the FMC India Sale must go to debt repayment or general corporate or working capital purposes
- Certain guarantors and collateral are conditionally released to permit actions before the India sale closes
- The filing does not state the amount of debt, the sale price, or the proceeds
Read the filing on SEC.gov ↗
Oct 15, 8:03 AM ET
FMC Corporation said on October 15, 2026 that third-quarter revenue is now expected to be $65 million to $125 million, with Adjusted EBITDA of negative $565 million to negative $510 million. The estimates include $625 million to $675 million in charges tied to commercial actions, including lower prices on select products held by channel customers in Brazil, Argentina, the United States and Canada, and a change to its U.S. selling and pricing model. The company also said it may record a material non-cash impairment charge and expects to be in compliance with covenants at September 30, 2026.
- Q3 revenue now expected at $65 million to $125 million; Adjusted EBITDA expected at negative $565 million to negative $510 million.
- Commercial actions are expected to cause $625 million to $675 million in charges affecting revenue and Adjusted EBITDA.
- A triggering event led to an intangible asset impairment review as of September 30, 2026; the company may record a material non-cash charge and has not finalized quarterly results.
- Full third-quarter results are due October 29, 2026, with preliminary 2027 and 2028 expectations on the October 30 earnings call.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.