FMC Corp

Latest Results (24.12.2024):

Revenue Growth

FMC Corp reported a revenue of $1.07 billion for the third quarter of 2024, marking a 9 percent increase compared to the same quarter in 2023. This growth was driven by a 17 percent increase in volume, despite a 5 percent decline in pricing, particularly in Latin America due to challenging market conditions in Brazil and Argentina.

Net Income and Earnings

For Q3 2024, FMC Corp achieved a consolidated GAAP net income of $66 million, a significant improvement from a net loss of $4 million in Q3 2023. The net income per diluted share was $0.52, up from a net loss of $0.03 per diluted share in the previous year. Adjusted earnings per diluted share increased by 57 percent to $0.69.

Adjusted EBITDA

FMC Corp's adjusted EBITDA for the third quarter of 2024 was $201 million, representing a 15 percent increase compared to Q3 2023. This growth was attributed to higher sales volume, favorable foreign exchange impacts, and restructuring benefits, which offset lower pricing and unabsorbed fixed costs from previous periods.

Full-Year Outlook

FMC Corp has confirmed its full-year 2024 revenue outlook to be between $4.33 billion and $4.44 billion, reflecting a 2 percent decline at the midpoint compared to 2023. The adjusted EBITDA is expected to range from $885 million to $915 million, an 8 percent decrease at the midpoint, while adjusted earnings per diluted share are projected to be between $3.16 and $3.52, a 12 percent decrease year-over-year.

Fourth Quarter Expectations

For the fourth quarter of 2024, FMC Corp anticipates revenue to be between $1.30 billion and $1.41 billion, a 19 percent increase at the midpoint compared to Q4 2023. Adjusted EBITDA is forecasted to range from $321 million to $351 million, representing a 32 percent increase at the midpoint, with adjusted earnings per diluted share expected to be between $1.47 and $1.83, a 54 percent improvement at the midpoint versus Q4 2023.