FMC Corp

FMC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$159.00	Vgzqmn	Bkhfxsktd

FMC Earnings: Profit Recovery Begins on Volume Growth as Inventory Destocking Ends

Seth Goldstein

Aug 1, 2024

FMC's second-quarter results were in line with our thesis on the company. Following the profit decline from customer inventory destocking that caused double-digit profit declines from the second quarter of 2023 through the first quarter of 2024, FMC generated 8% year-over-year adjusted EBITDA growth during the second quarter driven largely by higher volumes and new premium products.

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