other material
confidence high
sentiment positive
materiality 0.75
FMC unveils strategic plan: 2024 rev $4.65-$4.85B, 2026 rev $5.5-$6.0B, asset review
FMC CORP
- Preliminary 2024 outlook: revenue $4.65B-$4.85B, adj EBITDA $1.025B-$1.125B, FCF conversion >100%.
- 2026 goals: revenue $5.5B-$6.0B, adj EBITDA $1.3B-$1.5B.
- Strategic review of non-core assets, including potential sale of Global Specialty Solutions (non-crop line).
- 2033 revenue aspiration: ~$2B from Plant Health, ~$2B from four new active ingredients in R&D pipeline.
- New net leverage target of ~2x adjusted EBITDA over next 18-24 months.