FMC Corp
FMC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$341.00 | Bdmwbd | Dysffnlm |
FMC Earnings: Lower Volumes Will Weigh on 2023 Results With Small Recovery in 2024
FMC's detailed second-quarter results were largely in line with our revised outlook in July, following the company's high-level second-quarter update and management's guidance change. We view 2023 as a down year for the company, as farmers are likely to purchase fewer crop protection products as a way to reduce expense following a drop in crop prices. While we expect demand will return in 2024, we expect a more gradual recovery next year.