earnings
confidence high
sentiment positive
materiality 0.75
FMC Q3 2024 beats; revenue $1.07B, adj EPS $0.69, reaffirms FY guidance adjusted for GSS sale
FMC CORP
2024-Q3 EPS reported
$2.85
revenue$3,021,800,000
- Revenue $1.07B (+9% YoY, organic +12%); volume up 17% offset by price -5% and FX -3%.
- Consolidated GAAP net income $66M ($0.52/diluted share) vs net loss of $4M ($0.03 loss) in Q3 2023.
- Adjusted EPS $0.69 (+57% YoY); adjusted EBITDA $201M (+15% YoY), above high end of guidance.
- Full-year 2024 outlook: revenue $4.33-4.44B, adj EBITDA $885-915M, adj EPS $3.16-3.52, reduced for GSS sale.
- Q4 2024 outlook: revenue $1.30-1.41B; adj EBITDA $321-351M; adj EPS $1.47-1.83, +54% at midpoint YoY.