FMC outlines strategic growth plan; sees 2024 revenue $4.65-4.85B, adj. EBITDA $1.025-1.125B

FMC CORP

2024 revenue guidance $4.65-4.85B (midpoint +3% vs latest 2023); adj. EBITDA $1.025-1.125B (midpoint +8%).
Restructuring to deliver $50-75M adj. EBITDA contribution in 2024; ~$150M run-rate savings by end-2025.
2026 goals: revenue $5.5-6.0B, adj. EBITDA $1.3-1.5B, adj. EPS growth > EBITDA, ROIC mid-teens %.
Targeting ~2x net debt/adj. EBITDA by end-2024; free cash flow conversion >100% in 2024.
CEO Mark Douglas cites R&D pipeline and biologicals portfolio as growth drivers.

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