earnings
confidence high
sentiment neutral
materiality 0.80
FMC Q2 revenue up 2%, adjusted EPS $0.63 (+26% YoY); lowers full-year guidance
FMC CORP
2024-Q2 EPS reported
$2.33
revenue$1,956,400,000
- Q2 revenue $1.04B (+2% YoY); GAAP net income $295M ($2.35 EPS) boosted by Swiss tax incentives.
- Adjusted EBITDA $202M (+8% YoY); volume up 14% driven by US and Brazil, price down 10%.
- Full-year revenue guidance lowered to $4.30-4.50B (midpoint -2% vs 2023); adj EPS outlook $3.02-3.64.
- Restructuring benefit target raised to $75-100M; free cash flow guidance $400-500M.
- Second-half adj EBITDA forecast $518-578M (+28% YoY at midpoint) on volume recovery.