FMC Q3 revenue up 15% to $1.38B; adjusted EPS $1.23 beats midpoint; full-year revenue outlook raised

FMC CORP

2022-Q3 EPS reported $3.65 revenue$4,180,300,000

GAAP EPS $0.95 (down 23% YoY); adjusted EPS $1.23 (down 14% YoY) beat guidance midpoint by $0.13.
Adjusted EBITDA $261M (down 11% YoY) with pricing and volume gains offset by cost and FX headwinds.
Full-year revenue outlook raised to $5.6-5.8B (+13% midpoint); adjusted EBITDA narrowed to $1.37-1.43B.
Free cash flow outlook lowered to $440-560M due to increased revenue and inflationary working capital.
Expects up to $200M in share repurchases; $100M completed in October.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FMC CORP reported Q3 2022 results: revenue $1.38 billion, net income $118 million, EPS $0.95 per diluted share.

Period: Q3 2022
Revenue: $1.38 billion
Net income: $118 million
EPS: $0.95 per diluted share
Result: reported results

Exact text from the filing

Revenue of $1.38 billion, an increase of 15 percent versus Q3 2021 and up 19 percent organically 1 • Consolidated GAAP net income of $118 million, down 27 percent versus Q3 2021 • Adjusted EBITDA of $261 million, down 11 percent versus Q3 2021 • Consolidated GAAP earnings of $0.95 per diluted share, down 23 percent versus Q3 2021 • Adjusted earnings per diluted share of $1.23, down 14 percent versus Q3 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FMC CORP reported Full Year 2022 results: revenue $5.6 to $5.8 billion, EPS $7.10 to $7.60 per diluted share. Guidance raised.

Period: Full Year 2022
Revenue: $5.6 to $5.8 billion
EPS: $7.10 to $7.60 per diluted share
Guidance: raised
Result: guidance update

Exact text from the filing

Raises revenue outlook to a range of $5.6 to $5.8 billion, reflecting 13 percent growth at the midpoint versus 2021 • Narrows adjusted EBITDA outlook to a range of $1.37 to $1.43 billion, reflecting 7 percent growth at the midpoint versus 2021 • Narrows adjusted earnings per diluted share outlook to a range of $7.10 to $7.60, reflecting 7 percent growth at the midpoint versus 2021, excluding any impact from potential 2022 share repurchases

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Source: SEC EDGAR

accession 0000037785-22-000081

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