FMC Corp

FMC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$677.00	Dsxpt	Vmgvsrgw

FMC Earnings: Lower Volumes Will Weigh on 2023 Results With Small Recovery in 2024

Seth Goldstein

Aug 3, 2023

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.

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