FMC Corp.'s (FMC) updated guidance misses consensus
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FMC Corporation updates expectations for second quarter and full-year 2023 outlook
July 10, 2023 7:30 AM EDTAbrupt and unprecedented reductions in channel inventory by customers in North America, Latin America and EMEA started in late-May and materially impacted volumes in the quarterOn-the-ground consumption by growers remains robust at roughly the same levels as last year  Input costs outlook continues to improve with significant benefit expected in second halfSignificant cost mitigation actions initiated, reducing previously expected operating expense in the second half by $60 to $70... More
