Insights from the First Quarter of 2024 13F Filing
Revenue and Earnings Miss Analyst Expectations Amid Market Headwinds
Agriculture chemicals maker FMC Corp reported a first-quarter loss on Monday compared to a year-ago profit, weighed down by destocking due to excess inventory and low demand across all its key regions. Chemical companies have been impacted by destocking trends due to pandemic-induced excess inventory and sluggish demand in major markets, including China, the U.S., Latin American countries and Europe.