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Jun 30
FMC Q2 2025 Earnings Report
FMC Corporation reported second quarter 2025 results at the high end of its guidance range, with revenue up 1% and adjusted EBITDA up 2% compared to the prior year.
Key Takeaways
FMC Corporation delivered a solid second quarter in 2025, with revenue reaching $1.05 billion, a 1% increase year-over-year, driven by a 2% organic growth. Adjusted EBITDA saw a 2% increase to $207 million, and adjusted EPS rose by 10% to $0.69. Despite a significant GAAP net income decline due to prior-year tax incentives, the company's operational performance showed strength with volume growth and favorable costs.
Revenue for Q2 2025 was $1.05 billion, marking a 1% increase year-over-year and 2% organically.
Adjusted EBITDA for the quarter reached $207 million, up 2% from Q2 2024, driven by favorable costs.
Adjusted earnings per diluted share increased by 10% to $0.69, primarily due to higher adjusted EBITDA and lower interest expense.
The company announced its intention to divest its India commercial business, with the sale process expected to conclude within the next year.
FMC
FMC
FMC Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comAsia Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
FMC Corporation maintains its full-year 2025 adjusted EBITDA and adjusted EPS guidance, while revenue outlook is adjusted to exclude the India commercial business, which is expected to be divested.
Positive Outlook
- Maintains full-year adjusted EBITDA outlook of $870 million to $950 million, an increase of 1% versus prior year at the midpoint.
- Adjusted earnings per diluted share outlook unchanged at $3.26 to $3.70, flat at the midpoint to prior year.
- Third quarter adjusted EBITDA is forecasted to increase 14% at the midpoint versus prior year due to lower costs and volume growth.
- Third quarter adjusted EPS is expected to increase 28% at the midpoint versus prior year, driven mainly by higher adjusted EBITDA.
- Fourth quarter revenue is expected to increase 5% at the midpoint versus prior year, driven by strong volume growth and new product sales.
Challenges Ahead
- Revenue outlook of $4.08 billion to $4.28 billion, excluding India, is down 2% at the midpoint versus 2024 reported results.
- Free cash flow forecast remains $200 million to $400 million, reflecting a decline of 51% at the midpoint from prior year.
- Third quarter revenue excluding India is expected to be down 1% at the midpoint versus reported third quarter 2024.
- Third quarter pricing is expected to be a mid-single digit headwind, partly due to diamide partner contract adjustments and higher rebates.
- Fourth quarter adjusted EPS is expected to decrease 3% at the midpoint versus prior year, mainly due to an exceptionally low tax rate in the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income