FMC slashes Q3 outlook: revenue seen at $65–$125 million and Adjusted EBITDA deeply negative after $625–$675 million channel charges

FMC Corporation sharply lowered its third-quarter expectations, saying revenue is now seen between $65 million and $125 million and Adjusted EBITDA between a $565 million and $510 million loss, the crop-protection company said Thursday in an 8-K.

The revised outlook includes an estimated $625 million to $675 million hit tied to commercial actions that lower the price of select products held by channel customers in key markets and modify the U.S. selling and pricing model. Full third-quarter results are scheduled for Oct. 29, with preliminary 2027 and 2028 expectations on the Oct. 30 call.

Shares were down about 11.0% near $8.09 in Thursday morning trading.

Chairman and CEO Pierre Brondeau said demand was weaker than expected as elevated levels of higher-priced FMC inventory at certain distributors limited product movement and replenishment. The company said it is cutting prices on select channel inventory in Brazil, Argentina, the United States, and Canada, and will shrink the historical gap between gross and net pricing in the U.S.

FMC said it expects to be in compliance with covenants at Sept. 30, 2026, but plans discussions with its bank group about further covenant modifications over the next year to add flexibility while the actions take hold.

By the numbers

• Updated Q3 revenue outlook: $65 million to $125 million
• Updated Q3 Adjusted EBITDA outlook: negative $565 million to negative $510 million
• Estimated commercial-action impact: about $625 million to $675 million
• Markets for channel price actions: Brazil, Argentina, United States, Canada
• Full Q3 report date: Oct. 29, 2026

Sources

1. FMC Corporation, Form 8-K (Item 2.02), Exhibit 99.1 news release, filed Oct. 15, 2026, accession 0000037785-26-000149

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