FMC Q2 2021 Earnings Report
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
FMC
FMC
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.