FMC (FMC) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.83%. A quarter ago, it was expected that this chemical producer would post earnings of $0.45 per share when it actually produced earnings of $0.44, delivering a surprise of -2.22%.Over the last four quarters, the company has ...

Core Insights - FMC Corporation reported a fourth quarter 2023 revenue of $1.15 billion, a decrease of 29% compared to Q4 2022, primarily due to continued channel destocking and adverse weather conditions in Brazil [5][2] - The company achieved a consolidated GAAP net income of $1.10 billion for Q4 2023, reflecting a significant increase of 291% year-over-year, largely attributed to one-time tax benefits from new incentives for its Swiss subsidiaries [5][2] - For the full year 2023, FMC's revenue totaled $4.49 billion, down 23% from 2022, with a GAAP net income of $1.32 billion, up 78% year-over-year [3][5] Fourth Quarter 2023 Highlights - Adjusted EPS was reported at $1.07 per diluted share, down 55% from Q4 2022, while consolidated GAAP earnings were $8.77 per diluted share, up 304% year-over-year [2][5] - Adjusted EBITDA for Q4 2023 was $254 million, a decline of 41% compared to the same period last year [2][5] - New product introductions contributed 14% of total sales in the quarter, with branded diamide sales growing by 5% [5][2] Full-Year 2023 Highlights - The full-year revenue of $4.49 billion represented a 23% decline year-over-year, with an organic revenue decline of 22% [3][5] - Adjusted EBITDA for the year was $978 million, down 30% from 2022 [3][5] - Free cash flow was negative $524 million, a decrease of 202% compared to the previous year [3][5] Full-Year 2024 Outlook - FMC forecasts revenue for 2024 to be between $4.50 billion and $4.70 billion, indicating a potential growth of 2.5% at the midpoint [4][6] - Adjusted EBITDA is expected to range from $900 million to $1.05 billion, remaining essentially flat compared to the prior year [4][6] - The company anticipates free cash flow to be between $400 million and $600 million, reflecting a significant improvement from 2023 [4][6] First Quarter 2024 Outlook - Revenue for Q1 2024 is projected to be between $925 million and $1.075 billion, representing a 26% decrease at the midpoint compared to Q1 2023 [9][6] - Adjusted EBITDA for Q1 is expected to be between $135 million and $165 million, a decline of 59% at the midpoint versus the prior-year period [9][6] - Adjusted EPS for Q1 is forecasted to be in the range of $0.21 to $0.43, indicating an 82% decrease at the midpoint compared to Q1 2023 [9][6]

Analysts on Wall Street project that FMC (FMC) will announce quarterly earnings of $1.09 per share in its forthcoming report, representing a decline of 54% year over year. Revenues are projected to reach $1.25 billion, declining 23% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 25.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...

FMC (FMC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 5, 2024, might help the stock move higher if these key numbers are better than expectati ...

PHILADELPHIA, Jan. 25, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that its 2024 annual meeting of stockholders will be held via live webcast on Tuesday, April 30, 2024, at 2:00 p.m. ET. Instructions for accessing the webcast will be available on the company's Investor Relations website, located at https://investors.fmc.com. About FMC FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world populatio ...

simonkrIntroduction The stock of the agri science specialist FMC Corp. (NYSE:FMC) has encountered a disastrous 12 months, losing over half its value, even as its peers from the material space have remained steady, and the broader markets have generated returns of 21%. YChartsThe significant erosion of wealth may have scared quite a few investors, leaving them hesitant to consider this stock, but once Q1 is out of the way, FMC would be in a good spot to reclaim lost ground. Nonetheless here are three br ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 For the transition period from _______ to _______ Co ...

FMC Corporation (NYSE:FMC) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Zack Zaki - Director, Investor Relations Mark Douglas - President and Chief Executive Officer Andrew Sandifer - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Joel Jackson - BMO Capital Markets Laurent Favre - Exane BNP Paribas Aleksey Yefremov - KeyBanc Kevin McCarthy - Vertical Research Partners Laurence Alexander - Jefferies Mike Harrison - Seaport Res ...

Q3 2023 Earnings Presentation October 31, 2023 Q3 2023 Earnings Presentation FMC CORPORATION 1 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this presentationare forward- looking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook for our company based on currently available information. In some cases, you can identify these forward-looking state ...

FMC Corporation (NYSE:FMC) Q2 2023 Results Conference Call August 3, 2023 9:00 AM ET Company Participants Zack Zaki - Director, IR Mark Douglas - President and CEO Andrew Sandifer - EVP and CFO Conference Call Participants Laurent Favre - Exane BNP Paribas Christopher Parkinson - Mizuho Salvator Tiano - Bank of America Vincent Andrews - Morgan Stanley Lucas Beaumont - UBS Dan Rizzo - Jefferies Adam Samuelson - Goldman Sachs Richard Garchitorena - Wells Fargo Operator Good morning, and welcome to the Second ...