Overview
- FMC reported Q3 revenue of $542 million, down 49% year over year, and said sales would have been $961 million without the India-related commercial actions.
- Adjusted earnings were $0.89 per share while GAAP results showed a $4.52 loss per share following the reversals and write-downs.
- The company cut its 2025 outlook to $3.9–$4.0 billion in revenue and trimmed its adjusted EPS range, with free cash flow now expected to be negative by as much as about $200 million.
- Management announced a steep dividend reduction reported at roughly 85% as net income swung to a loss reported at about $569 million.
- Analyst coverage highlighted higher leverage and questions about execution and credibility, with some commentary framing the sell-off as a speculative valuation opportunity.