Reuters.FMC Corporation (NYSE: NYSE:), a global agricultural sciences company, held its Fourth Quarter 2023 Earnings Call, outlining its performance and future strategy. Despite facing market challenges, such as drought conditions in Brazil, the company reported a 5% increase in branded diamide sales and a significant contribution from products launched in the past five years. FMC expects to see continued inventory correction into the first half of 2024 and has announced a global restructuring plan aimed at achieving substantial cost savings. With a focus on new product introductions and a recovery in market conditions, FMC anticipates revenue growth in 2024 and remains confident in meeting long-term financial targets.
Key Takeaways
…
Read the full article at: https://au.investing.com/news/stock-market-news/earnings-call-fmc-corporation-outlines-restructuring-and-growth-plans-93CH-3108337