FMC Q4 2021 Earnings Report
Key Takeaways
FMC Corporation reported record fourth quarter 2021 results with revenue of $1.41 billion, an increase of 23 percent versus fourth quarter 2020. On a GAAP basis, the company reported earnings of $1.52 per diluted share in the fourth quarter. Adjusted earnings were $2.16 per diluted share, an increase of 52 percent versus fourth quarter 2020.
Revenue of $1.41 billion, an increase of 23 percent versus Q4 2020, and up 25 percent organically.
Consolidated GAAP net income of $187 million, up 296 percent versus Q4 2020.
Adjusted EBITDA of $377 million, up 30 percent versus Q4 2020.
Adjusted earnings per diluted share of $2.16, up 52 percent versus Q4 2020.
FMC
FMC
Forward Guidance
The company is forecasting full-year 2022 revenue to be in the range of $5.25 billion to $5.55 billion, an increase of 7 percent at the midpoint versus 2021 driven by volume and price growth in all regions partially offset by currency headwinds. Full-year adjusted EBITDA is expected to be in the range of $1.32 billion to $1.48 billion, representing 6 percent year-over-year growth at the midpoint.