FMC Corp

FMC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$363.00	Ggcfhy	Rxjvtzcm

FMC Earnings: Profits Fall on Another Quarter of Weak Demand as Inventory Reset Continues

Seth Goldstein

Oct 31, 2023

FMC's detailed earnings results confirm our initial view that the company will likely see continued profit declines through the rest of 2023 and into 2024 due to an industrywide crop chemicals inventory reset. The company prereleased revised earnings expectations last week. With our outlook unchanged, we maintain our $110 per share fair value estimate and narrow moat rating for FMC.

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