FMC Corp

Latest Results (18.11.2025):

FMC Corp’s Q3 2025 earnings report reveals a challenging quarter marked by a steep revenue decline, largely driven by one-time commercial actions associated with its India business, while adjusted EBITDA and adjusted EPS improved notably. The company faced significant GAAP net losses due to charges and write-downs linked to the India sale preparation, alongside a revised full-year outlook that reflects these headwinds.

Revenue Performance

During Q3 2025, FMC Corp reported total revenue of $542 million—a 49% drop compared to Q3 2024—primarily due to one-time commercial adjustments in India. Excluding India, revenue was $961 million, down 10% year-over-year and 11% on an organic basis.

Earnings and Profitability

The company recorded a consolidated GAAP net loss with a per share loss of $4.52, a $634 million deterioration versus the prior year mainly driven by India-related charges. However, adjusted EBITDA reached $236 million, up by 17% from Q3 2024, and adjusted earnings per diluted share improved by 30% to $0.89.

Outlook and Guidance

FMC Corp's full-year guidance has been revised downward, with revenue expected to range between $3.92 billion and $4.02 billion—a 7% decline—while adjusted EBITDA is projected between $830 million and $870 million (a 6% drop) and adjusted EPS between $2.92 and $3.14 (down 13%). The quarterly dividend was reduced to $0.08 per share to prioritize debt reduction.

India Business Impact

Key to the results was the significant impact of the India commercial business, which was prepared for sale. The process involved taking one-time commercial actions and recording combined charges of approximately $510 million, comprising both pre-sale adjustments and a formal impairment charge. These actions effectively removed India’s operating results from the non-GAAP metrics for Q3 2025.