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Jun 30, 2021
FMC Q2 2021 Earnings Report
FMC's second quarter results were in line with expectations, driven by robust volume growth and new product launches.
Key Takeaways
FMC Corporation reported second quarter 2021 revenue of $1.2 billion, an increase of 8 percent versus second quarter 2020. On a GAAP basis, the company reported earnings of $1.56 per diluted share in the second quarter, an increase of 11 percent versus second quarter 2020. Second quarter adjusted earnings were $1.81 per diluted share, an increase of 5 percent versus second quarter 2020.
Revenue of $1.2 billion, an increase of 8 percent versus Q2 2020 and up 4 percent organically
Consolidated GAAP net income of $203 million, up 10 percent versus Q2 2020
Adjusted EBITDA of $347 million, up 2 percent versus Q2 2020
Consolidated GAAP earnings of $1.56 per diluted share, up 11 percent versus Q2 2020
Forward Guidance
Third quarter revenue is expected to be in the range of $1.13 billion to $1.22 billion, representing a 8 percent increase at the midpoint compared to third quarter 2020, and organic growth of 7 percent excluding foreign currency tailwinds. Adjusted EBITDA is forecasted to be in the range of $262 million to $288 million, representing a 5 percent increase at the midpoint versus Q3 2020. FMC expects adjusted earnings per diluted share to be in the range of $1.23 to $1.39 in the third quarter, which is an increase of 7 percent at the midpoint versus Q3 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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