FMC Q2 Loss Deepens, Full-Year Outlook Cut Sharply Amid Macro Pressure

summarizeSummary

FMC Corporation posted a Q2 net loss of $187 million and sharply cut full-year guidance, citing a challenging macro environment. Revenue fell 17%, and Q3 Adjusted EPS is expected to drop 90% year-over-year.

check_boxKey Events · Earnings and Guidance · FMC

• Q2 Loss of $187 Million

  Revenue fell 17% to $867 million, resulting in a GAAP net loss of $1.49 per share—a sharp reversal from the $0.53 profit a year ago. Adjusted EBITDA dropped 26% to $153 million.

• Full-Year Guidance Slashed

  Revenue ex-India is now seen at $3.50–$3.70 billion, down 7% at the midpoint, while Adjusted EBITDA guidance was cut to $620–$680 million, a 23% reduction. Adjusted EPS is forecast at $1.19–$1.49, a 55% decline.

• Q3 Outlook Implies 90% EPS Drop

  Q3 Adjusted EPS guidance of $0.05–$0.13 represents a 90% decline at the midpoint versus Q3 2025, driven by lower sales and higher interest expense.

• Heavy Restructuring Charges Continue

  Q2 included $222.3 million in restructuring and other charges, primarily from Project Foundation ($136.5 million) and India held-for-sale adjustments ($83.2 million).

auto_awesomeAnalysis · FMC · Industrial Applications And Services

A steep Q2 loss of $187 million, fueled by a 17% revenue decline and sizable restructuring charges, underscores the severity of the demand erosion. Management responded by slashing full-year guidance across the board—Adjusted EBITDA is now expected to be 23% lower at the midpoint, and Q3 Adjusted EPS is forecast at just $0.05–$0.13, a 90% plunge. Although free cash flow guidance was raised, the improvement stems entirely from a one-time $200 million licensing payment, while year-to-date operating cash flow remains deeply negative. With the stock near 52-week lows, these results confirm intense margin pressure, overshadowing recent strategic moves aimed at raising roughly $1 billion for debt reduction.