FMC announces 2021 fourth quarter and full year results
FMC Corporation (FMC) reported their fourth quarter 2021 results. The company reported revenue of $1.41 billion, an increase of 23.0% compared with Q4 2020. Full year revenue was $5.1 billion, reflecting 9.0% growth. The company stated that the growth reflects the strength of their synthetic and biological portfolios, a healthy demand environment and accelerating price increases. Additionally, growth was largely driven by significant growth in North America which increased 81.0% compared with Q4 2020, and Latin America which increased 30.0% compared with Q4 2020.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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