Cost SavingsFMC is set to achieve significant cost savings, with expectations of $50-75MM in 2024 and more than $150MM in annual savings by the end of 2025.
Financial OutlookDespite current challenges, FMC's long-term financial targets remain intact, with the company expecting to turn present headwinds into tailwinds, aiming for a strong $1.3-1.5B EBITDA by 2026.
Operational EfficiencyFMC's strategic initiatives include reducing indirect spend and divesting non-core assets, which are expected to streamline operations and improve financial performance.