FMC Q4 2019 Earnings Report
Key Takeaways
FMC Corporation reported fourth quarter 2019 revenue of $1.2 billion, an increase of 9 percent versus recast fourth quarter 2018, driven by higher volumes across all regions. Fourth quarter adjusted earnings were $1.76 per diluted share, an increase of 21 percent versus recast fourth quarter 2018. Total company adjusted EBITDA was $320 million, an increase of 17 percent versus recast fourth quarter 2018 and at the top end of guidance.
Revenue of $1.2 billion, up 9 percent versus recast Q4 2018
Consolidated GAAP net loss of $3 million, or $0.02 per diluted share
Total company adjusted EBITDA of $320 million, up 17 percent versus recast Q4 2018 and at the top end of guidance range
Consolidated adjusted earnings per diluted share of $1.76, up 21 percent versus recast Q4 2018
FMC
FMC
Forward Guidance
FMC full-year revenue is forecasted to be in the range of $4.8 to $4.95 billion, an increase of 6 percent at the midpoint versus 2019 driven by volume and pricing in all regions. Total company adjusted EBITDA is expected to be in the range of $1.3 to $1.34 billion, an increase of 8 percent at the midpoint versus 2019. Full-year adjusted earnings are expected to be in the range of $6.45 to $6.70 per diluted share, an increase of 8 percent at the midpoint versus 2019 and assuming weighted average diluted shares outstanding (WADSO) of approximately 131 million.
Positive Outlook
- Revenue of $4.8 to $4.95 billion
- Increase of 6 percent at the midpoint versus 2019 driven by volume and pricing in all regions
- Total company adjusted EBITDA is expected to be in the range of $1.3 to $1.34 billion
- Increase of 8 percent at the midpoint versus 2019
- Adjusted earnings are expected to be in the range of $6.45 to $6.70 per diluted share