FMC Q3 2022 Earnings Report
Key Takeaways
FMC Corporation reported a 15% increase in revenue to $1.38 billion for Q3 2022, driven by strong volume and pricing. However, consolidated GAAP net income decreased by 27% to $118 million, with adjusted earnings per diluted share down 14% to $1.23.
Revenue of $1.38 billion, an increase of 15 percent versus Q3 2021 and up 19 percent organically.
Consolidated GAAP net income of $118 million, down 27 percent versus Q3 2021.
Adjusted EBITDA of $261 million, down 11 percent versus Q3 2021.
Consolidated GAAP earnings of $0.95 per diluted share, down 23 percent versus Q3 2021.
FMC
FMC
Forward Guidance
FMC raised its forecast for full-year 2022 revenue to be in the range of $5.6 billion to $5.8 billion. Full-year adjusted EBITDA range has been narrowed and is now expected to be $1.37 billion to $1.43 billion. The range for 2022 adjusted earnings per share is also narrowed and is now expected to be $7.10 to $7.60 per diluted share.
Positive Outlook
- Revenue $5.6 to $5.8 billion
- Growth at midpoint vs. 2021 13%
- Adjusted EBITDA $1.37 to $1.43 billion
- Growth at midpoint vs. 2021 7%
- Adjusted EPS $7.10 to $7.60