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FMC Corporation has launched "Project Foundation," a restructuring initiative expected to deliver at least $175…
FMCFmc Corp
FMC Corporation has launched "Project Foundation," a restructuring initiative expected to deliver at least $175 million in annual run-rate savings by the end of 2027. The company anticipates incurring pre-tax restructuring charges of $560 million to $635 million and non-cash asset write-offs between $420 million and $440 million. Additionally, FMC expects to record a significant non-cash impairment of goodwill and intangible assets following a recent decline in its stock price.