NYSE:FMCChemicals
FMC (FMC) Stock Jumps As Cash Flow Relief Reframes Debt Fears
FMC shares just ripped 18.2% higher to US$11.83, even though the latest quarter still sits deep in the red. The market is cheering one thing above all else. The cash and balance sheet story finally looks less fragile.
Adjusted EBITDA in Q2 landed ahead of guidance while free cash flow jumped, helped by a US$200 million licensing payment and a series of funding and divestiture moves that cut net debt pressure. For a stock that came into the print with weak 90 day returns, this earnings release...