Quarterly ResultOct 29, 2026, 05:01 PM
FMC Q3 Revenue Plummets 80% to $106M on Commercial Actions; Net Loss $2.07B
AI Summary
FMC Corporation reported a significant decline in third-quarter 2026 results, with revenue falling 80% year-over-year to $106 million, heavily impacted by commercial actions totaling $639 million. The company posted a net loss of $2.07 billion and negative Adjusted EBITDA of $559 million. These results were driven by a substantial negative impact from commercial actions aimed at addressing elevated inventory values and modifying pricing models. FMC has revised its fourth-quarter outlook downwards, anticipating lower Adjusted EBITDA and earnings per diluted share, and expects full-year free cash flow to be negative.
Key Highlights
- FMC Corporation reported Q3 2026 revenue of $106 million, a decrease of 80% YoY, impacted by $639 million from commercial actions.
- Consolidated GAAP net loss for Q3 2026 was $2.07 billion, or $15.54 per diluted share, a decline from Q3 2025.
- Adjusted EBITDA for Q3 2026 was negative $559 million, down $795 million YoY, including a $672 million negative impact from commercial actions.
- GAAP cash from operations was $7 million, an increase of $191 million YoY; Free cash flow was negative $18 million, an improvement of $214 million YoY.
- Revised Q4 2026 outlook: Revenue $1.04B-$1.14B (flat YoY at midpoint), Adjusted EBITDA $210M-$230M (down 22% YoY at midpoint), Adjusted EPS $0.56-$0.70 (down 48% YoY at midpoint).
- Full year 2026 free cash flow expected to be negative $350 million to negative $150 million.
- Commercial actions include a new pricing and rebate model in North America and pricing adjustments on high-priced products in Brazil, US, Canada, and Argentina.
Price Impact
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