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FMC (FMC) guidance and outlook
FMC (FMC) lowered its guidance on Oct 29, 2026: EBITDA $210M–$230M for Q4; EBITDA +22% for Q4; EPS $0.56–$0.70 for Q4; EPS +48% for Q4. FMC's 10-Q filed Oct 30, 2026 makes 41 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 | $1.0B–$1.1B | lowered |
| EBITDA | Q4 | $210M–$230M | lowered |
| EBITDA | Q4 | +22% | lowered |
| EPS | Q4 | $0.56–$0.70 | lowered |
| EPS | Q4 | +48% | lowered |
| Free cash flow | FY | $350M | new |
| Revenue | Q3 2026 | −80% | new |
| Revenue | Q3 2026 | +9% | new |
| Revenue | Q3 2026 | −89% | new |
| Revenue | Q3 2026 | −22% | new |
| Revenue | FY | $2.8B–$2.9B | new |
| Revenue | FY | +28% | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- We believe our current pricing is competitive and expect these commercial actions and ongoing manufacturing changes to further support competitive pricing.
- The impact of the commercial actions taken during the third quarter, higher costs associated with our Project Foundation restructuring initiative and increased interest expense also contributed to the increase in net loss.
- In July 2025, the Board of Directors approved a plan to divest the Company’s commercial business in India in response to ongoing challenges in the country.
- The Company will continue to receive all cash generated from the ongoing operation of the India business until closing, primarily through monetization of working capital.
- The Company will continue its active ingredients manufacturing operations in India.
- Although the business does not qualify for recognition as discontinued operations and will continue to be presented in the Company's reported results until a transaction is completed, we believe excluding India's operating results from our non-GAAP measures during the held for sale period, beginning with the third quarter of 2025, provides management and investors with useful supplemental information regarding…
- During 2026, we have announced and executed various transactions with proceeds that will be used to pay down a significant portion of our debt.
- Additionally, we have announced the anticipated sale of our Newark, Delaware property and entry into a definitive agreement for the sale of our India commercial business.
- We plan to maintain our focus on optimizing FMC’s cost structure and organizational operations.
- (4) We exclude the GAAP tax provision, including discrete items, from the non-GAAP measure of income, and include a non-GAAP tax provision based upon the projected annual non-GAAP effective tax rate.
- The initial recognition of these Swiss Tax Incentives did not impact our adjusted non-GAAP effective tax rate but will be considered annually as we realize the benefits.
- Restructuring and other charges (income) of $175.9 million is primarily comprised of $174.7 million in charges related to Project Foundation, which is management's comprehensive plan to further optimize FMC’s cost structure and organizational operations.
FMC's latest quarter
FMC, Q3 2026: revenue $106M (-80% year over year), net loss $2.1B, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
Questions
Did FMC raise or lower its guidance?
FMC (FMC) lowered its guidance on Oct 29, 2026: EBITDA $210M–$230M for Q4; EBITDA +22% for Q4; EPS $0.56–$0.70 for Q4; EPS +48% for Q4.
What does FMC expect?
We believe our current pricing is competitive and expect these commercial actions and ongoing manufacturing changes to further support competitive pricing. The impact of the commercial actions taken during the third quarter, higher costs associated with our Project Foundation restructuring initiative and increased interest expense also contributed to the increase in net loss. In July 2025, the Board of Directors approved a plan to divest the Company’s commercial business in India in response to ongoing challenges in the country.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.