FMC Corp (FMC) is an agricultural sciences company that serves the agricultural industry and provides crop protection solutions. The company offers its products under the plant health, digital and precision agriculture category such as solutions for biologicals, crop nutrition, and seed treatment products. The company’s innovative crop protection category help growers, crop advisers, turf and pest management professionals address their toughest challenges economically while maintaining safety and the environment. The company operates through a single reportable segment. Its sells crop protection chemicals such as insecticides, herbicides, fungicides, plant health and other under its reportable segment FMC Agricultural Solutions. FMC also provides solutions for the management of golf courses, lawns, and pest management under its Global Specialty Solutions business. The business primarily operates in North America but also provides solutions in Australia, India, Japan, Mexico, and other Central American countries. As of December 2022, the company operates five active ingredient plants and 16 formulation and packaging facilities. FMC sells its products in over 120 countries and has multiple products in its pipeline. The company had 16 major subsidiaries at the end of FY2022. As of December 2022, FMC had 21 manufacturing facilities in 16 countries. In FY2022, the 57.7% of the company’s revenue was earned from the sale of insecticides, followed by herbicides (28.5%), fungicides (6.6%), plant health (4.0%) and others (3.2%). FMC’s EBITDA stood at US$1,406.8 million in FY2022, depicting an increase of 7.1% YoY. The company’s capital expenditure stood at US$142.3 million, which increased 42.2% YoY.

The company’s research and development (R&D) focuses on developing environmentally sound solutions including new active ingredients and new product formulations. It intends to cost-effectively increase farmers’ yield and provide alternatives to existing and new chemistries. The company collaborates with companies and research establishments through partnerships or acquisitions. The company also has products in pipeline, which include 23 new active ingredients in discovery, more than 18 molecules with new modes of action and 11 new active ingredients in development. The company has operations in 21 manufacturing plants. FMC's technology portfolio includes specific innovations in plant health, application technology, and precision agriculture. Arc Farm Intelligence, the company's precision agriculture platform, uses artificial intelligence and machine learning to help farmers make better decisions. In FY2022, it spent US$314.2 million on R&D, which grew 3.1% YoY and stood at 5.41% of the total revenue. As of December 2022, the company had 33 families with granted patents in 76 countries. It had a total of 727 active granted patents. Among them 27 active granted patents in the U.S. and 700 active granted patents in other countries. As of December 2022, the company had 200 active granted patents in U.S. and 2,600 active granted patents in other countries and the company had 2,100 pending patent applications globally.