Analyst Note| Seth Goldstein, CFA |
On Jan. 18, FMC reported high-level fourth-quarter revenue and EBITDA results. Both revenue and EBITDA came in below management's previous guidance, due to supply chain issues in North America, the Brazilian drought, and import challenges in Argentina. The headwinds were partially offset by strong results in Europe and Asia. Management expects most of the reduced sales in North America and Argentina to be recovered during the first quarter of 2021.