Lawsuit filed for Investors who lost money with shares of FMC Corporation (NYSE: FMC)

An investor, who purchased shares of FMC Corporation (NYSE: FMC), filed a lawsuit over alleged violations of Federal Securities Laws by FMC Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of FMC Corporation (NYSE: FMC) have certain options and for certain investors are short and strict deadlines running. Deadline: April 14, 2025. NYSE: FMC investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Philadelphia, PA based FMC Corporation, an agricultural sciences company, provides crop protection solutions to farmers in Latin America, North America, Europe, the Middle East, Africa, and Asia.

On February 4, 2025, after the market closed, FMC released its fourth quarter 2024 financial results. FMC Corporation (NYSE: FMC) reported that its annual Total Revenue declined from over $4.48 billion in 2023 to over $4.26 billion in 2024, and that its Net Income decreased from over $1.32 billion in 2023 to $341.1 million in 2024. FMC Corporation revealed that it had missed its previously announced full fiscal year revenue guidance as well as consensus estimates. FMC Corporation explained "growth was below [the Company's] expectations as [it] learned during the quarter that customers in many countries sought to hold significantly less inventory than they have historically." The Company also provided a Full Year 2025 outlook, disclosing that it expects revenue to remain essentially flat due to "weaker demand in the channel as customers in many countries prioritize holding lower-than-historical levels of inventory." In an earnings call held the same day, the Company disclosed it "need[s] to significantly lower FMC inventory in the channel much beyond what we were expecting."

Shares of FMC Corporation (NYSE: FMC) declined from $68.72 per share on May 13, 2024, to as low as $33.80 per share on February 07, 2025.

The plaintiff claims that between November 16, 2023 and February 4, 2025, the Defendants failed to disclose to investors that the Company's channel management initiatives were not progressing as represented, that, faced with pricing pressure, the Company had made the decision not to compete on prices and instead walk away from sales opportunities, that, as a result, the Company had inflated inventory in the channels in "LATAM, including Brazil, Asia, including India, as well as Canada and Eastern Europe;", and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of FMC Corporation (NYSE: FMC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.