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20	20	FMC's portfolio is composed of three major pesticide categories: insecticides, herbicides, and fungicides. The majority of its product lines are dedicated to insecticides and herbicides, with a growing portfolio of fungicides primarily utilized in high-value crop segments. The company possesses its own sales and marketing department and accesses the market through a combination of distributors, retailers, and co-ops across all four regions: North America, Latin America, Asia, and EMEA (Europe, Middle East, and Africa). Furthermore, FMC also directly sells to large growers in select countries through alliances and targeted marketing initiatives.
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22	22	As of August 2023, the company had a 52-week share price range of $86.61 to $134.38. The trailing P/E ratio of the company is 15.51 times, the price-to-sales ratio (ttm) is 2.10 times, the profit margin is 11.60%, the operating margin is 19.87%, the return on assets (ttm) is 5.79%, the return on equity is 22.48%, and the diluted earnings per share (ttm) is $6.46. The aggregate market value of voting stock held by non-affiliates as on June 30, 2023 is $13,407,027,345. There were 125,110,804 of the registrant's common shares outstanding.
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24	24	= Recent Developments =
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83	83	During the third quarter of 2022, FMC made certain accounting policy changes for inventory costing and net periodic pension plan cost. The effects of these changes in accounting principle have been retrospectively applied to all periods presented and as such certain prior period amounts have been adjusted. Impacts to its Consolidated Statements of Income (Loss) were not material.
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	86	+= Company History =
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	88	+FMC Corporation, headquartered in Philadelphia, Pennsylvania, is an American chemical manufacturing company that traces its origins back to its establishment as an insecticide producer in 1883. Presently, FMC's operations span across all continents. Many widely recognized insecticides, herbicides, and fungicides are exclusively patented by this corporation.
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	90	+Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California, by chemist John Bean, the company's initial product was a piston pump designed for spraying insecticide on the numerous fruit orchards in the vicinity. Notably, in 1901, John Bean, at the age of 82, developed the Magic Pump, a vertical pump that surpassed other pumps on the market in terms of pressure.
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	92	+**Key Milestones:**
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	94	+In 1904, the Bean Spray Pump Company was incorporated.
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	96	+By 1928, the company had been renamed the John Bean Manufacturing Company, and its stock was introduced on the San Francisco Exchange. It became the world's largest food machinery manufacturer after acquiring Anderson-Barngrover Co. and Sprague-Sells.
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	98	+In 1943, FMC entered the chemical business through the acquisition of Niagara Sprayer & Chemical Co., specializing in insecticides and fungicides.
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	100	+In 1948, FMC underwent a significant transformation, acquiring Westvaco Chemical Corp., a move that facilitated its production of organic insecticides and pesticides.
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	102	+In 1958, FMC expanded its operations globally, forming joint ventures in Japan and Brazil for the manufacture of hydrogen peroxide and obtaining licenses for chemical production in Argentina and petroleum equipment production in Mexico and Japan.
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	104	+In 1961, the company adopted its current name, FMC Corporation, and later restructured its chemical businesses into three divisions: Inorganic, Organic, and Niagara.
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	106	+Reaching a significant milestone, FMC's revenues surpassed $1 billion in 1966.
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	108	+Throughout the years, FMC continued to diversify its business, entering the lithium, agricultural, and pharmaceutical sectors, among others.
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	110	+In 2001, FMC underwent a restructuring, dividing into two separate publicly traded companies: FMC Technologies (machinery business) and FMC Corporation (chemicals business).
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	112	+In 2010, Pierre Brondeau became President and CEO, later elected as Chairman in 2011.
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	114	+Notable acquisitions include select Bayer fungicides, Cheminova A/S, and DuPont's crop protection assets, all of which contributed to the expansion and enhancement of FMC's global presence.
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	116	+In 2018, FMC focused on becoming an Agricultural Sciences Company, initiating the separation of its Lithium business.
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	118	+= References =
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