secwatch.observer — SEC 8-K summary
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Issuer:     FMC CORP (FMC)
CIK:        0000037785
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000037785-23-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FMC Q1 adj EPS $1.77 beats guidance; raises FY adj EBITDA and EPS outlook
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- Revenue $1.34B flat YoY, up 4% organically; GAAP EPS $1.55 down 6%; adjusted EPS $1.77 down 6% but $0.02 above guidance midpoint.
- Adjusted EBITDA $362M up 2%; FY adj EBITDA guidance raised to $1.50-1.56B, adj EPS to $7.34-7.94.
- North America record Q1 with 28% revenue growth (30% organic); Canada revenue doubled; Latin America down 12% on drought; Asia down 22%.
- Returned ~$100M to shareholders including $25M in share repurchases; FY revenue outlook unchanged at $6.08-6.22B.
- Q2 guidance: revenue $1.42-1.48B (flat YoY midpoint), adj EBITDA $350-370M, adj EPS $1.66-1.86 (down ~9% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000093/0000037785-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37785/000003778523000093/fmc-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000037785-23-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer