FMC cuts Q3 outlook to $982M revenue, $0.44 adj EPS; full year guide reduced

FMC CORP

2023-Q3 EPS reported $1.77 revenue$3,340,700,000

Q3 revenue expected at $982M, adjusted EBITDA $175M, adjusted EPS $0.44 (down from prior guidance).
FY 2023 revenue outlook lowered to $4.48-4.72B; adjusted EBITDA $970M-$1,030M.
Destocking in Brazil was more severe than anticipated, with drought in Argentina also weighing.
Immediate restructuring initiated in Brazil; broader cost structure review underway.
Investor Day on November 16 will cover 2024 outlook and cost actions.

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 0.9

FMC CORP reported full year 2023 results: revenue $4,480M to $4,720M. Guidance lowered.

Period: full year 2023
Revenue: $4,480M to $4,720M
Guidance: lowered
Result: guidance update

Exact text from the filing

FY 2023 Q4 2023 Revenue $4,480M to $4,720M $1,139M to $1,379M Adjusted EBITDA $970M to $1,030M $246M to $306M

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FMC CORP reported third quarter results: revenue $982 million, EPS $0.44. Guidance lowered.

Period: third quarter
Revenue: $982 million
EPS: $0.44
Guidance: lowered
Result: guidance update

Exact text from the filing

Revenue in the third quarter is now expected to be $982 million with adjusted EBITDA of $175 million and adjusted earnings per share of $0.44.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

FMC CORP filing history →

Source: SEC EDGAR

accession 0000037785-23-000156

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