FMC Q1 revenue $918M (-32% YoY); adjusted EPS $0.36 (-80%); maintains FY outlook

FMC CORP

2024-Q1 EPS reported -$0.02 revenue$918,000,000

Revenue $918M, down 32% YoY (31% organic); volume -27%, price -4%, FX headwind 1%.
GAAP net loss $3M, EPS loss $0.02 (-101% YoY); adjusted EPS $0.36 (-80%), at high end of guidance.
Adjusted EBITDA $161M, down 56% YoY; restructuring benefit and cost tailwinds partially offset lower volume.
Cash from operations -$143M, improvement of $708M YoY; free cash flow -$188M, +$727M YoY.
Full-year outlook unchanged: rev $4.5-4.7B, adj EBITDA $900M-1.05B, adj EPS $3.23-4.41, FCF $400-600M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FMC CORP reported the three months ended March 31, 2024 results: revenue $918 million, net income net loss of $3 million, EPS loss of $0.02 per diluted share. Guidance reaffirmed.

Period: the three months ended March 31, 2024
Revenue: $918 million
Net income: net loss of $3 million
EPS: loss of $0.02 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

maintains full year outlook Significant improvement in first quarter cash from operations up $708 million versus prior year period First Quarter 2024 Highlights • Revenue of $918 million, down 32 percent versus Q1 2023 and down 31 percent organically 1 • Consolidated GAAP net loss of $3 million, down 102 percent versus Q1 2023 • Adjusted EBITDA of $161 million,

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Source: SEC EDGAR

accession 0000037785-24-000064

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