Quarterly ResultApr 30, 2026, 02:58 PM

FMC Q1 Net Loss $(281.3)M; Amends Credit Facility Covenants

AI Summary

FMC CORP reported a net loss of $(281.3) million for Q1 2026, a significant increase from $(15.5) million in Q1 2025, with revenue decreasing to $758.6 million. The company amended its Revolving Credit Facility on April 16, 2026, modifying maximum leverage and minimum interest coverage ratios to provide covenant relief through March 2029. Restructuring charges totaled $94.5 million, primarily due to Project Foundation's manufacturing footprint optimization, and the divestment of the India business is ongoing.

Key Highlights

FMC amended its Revolving Credit Facility covenants for leverage and interest coverage ratios through March 2029.
Q1 2026 net loss attributable to stockholders was $(281.3)M, compared to $(15.5)M in Q1 2025.
Q1 2026 revenue decreased to $758.6M from $791.4M in Q1 2025.
Basic EPS for Q1 2026 was $(2.25), down from $(0.12) in Q1 2025.
Restructuring charges for Q1 2026 totaled $94.5M, including $64.7M in asset write-offs.
Cash required by operating activities of continuing operations was $(600.9)M in Q1 2026.
India commercial business classified as held for sale, with carrying value of $425.0M as of March 31, 2026.
Q1 2026 revenue by region: EMEA $306.9M, North America $197.6M, Latin America $177.0M, Asia $77.1M.

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