Shares of FMC Corp. (FMC) plunged to their lowest stage in almost 9 years Wednesday after the agricultural sciences firm launched disappointing fourth-quarter outcomes and a lackluster outlook.

The corporate late Tuesday reported $1.22 billion in income for the quarter, up from $1.15 billion a 12 months earlier however beneath the $1.31 billion that analysts had anticipated, in response to consensus estimates from Seen Alpha. The maker of pest management and herbicide merchandise mentioned that adjusted revenue got here in at $224.6 million, or $1.79 a share, higher than the $200.49 million and $1.60 per share that analysts had projected.

For 2025, FMC initiatives income of between $4.15 billion and $4.35 billion and adjusted EPS of between $3.26 and $3.70, which in each instances implies little enchancment from final 12 months. The forecasts have been additionally lighter than analysts had anticipated.

CEO Says This autumn Development ‘Under Our Expectations’

“Whereas we noticed a very good improve in quantity, the expansion was beneath our expectations as we realized in the course of the quarter that clients in lots of international locations sought to carry considerably much less stock than they’ve traditionally,» Chief Govt Officer Pierre Brondeau mentioned in a Tuesday assertion.

FMC shares fell 34% on Wednesday, hitting their lowest stage since April 2016. The inventory was the most important decliner within the S&P 500.

UPDATE: This text has been up to date with closing share worth data and extra context.