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FMC
🇺🇸 NYSE:FMC
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Dec 31, 2024

FMC Q4 2024 Earnings Report

FMC's Q4 2024 earnings benefited from sales growth and cost favorability, with a strong year of cash generation.

Key Takeaways

FMC Corporation reported a 7% increase in revenue for Q4 2024, reaching $1.22 billion. Adjusted earnings per share increased by 67% to $1.79. The company's performance was driven by volume growth, particularly from its growth portfolio, and cost discipline, despite headwinds from FX impacts and lower pricing.

Revenue increased by 7% versus Q4 2023, and 12% organically.

Adjusted EBITDA increased by 33% versus prior year, exceeding guidance midpoint.

Adjusted earnings per diluted share increased by 67% versus Q4 2023.

Sales of products launched in the last five years increased by 24%.

Total Revenue
$1.22B
Previous year: $1.15B
+6.8%
EPS
$1.79
Previous year: $1.07
+67.3%
Organic Revenue Growth
12%
Gross Profit
$525M
Previous year: $436M
+20.4%
Cash and Equivalents
$357M
Previous year: $302M
+18.2%
Total Assets
$11.7B
Previous year: $11.9B
-2.3%

FMC

FMC

Forward Guidance

FMC expects full year 2025 revenue to be between $4.15 billion and $4.35 billion, and adjusted EBITDA to be between $870 million and $950 million. Adjusted EPS is expected to be $3.26 to $3.70 per diluted share. Free cash flow is forecasted to be $200 million to $400 million.

Positive Outlook

  • Revenue expected to be essentially flat to prior year at the midpoint; growth of 3 percent, excluding the impact of the Global Specialty Solutions (GSS) business divestiture
  • Adjusted EBITDA expected to increase of 1 percent versus prior year at the midpoint and an increase of 4 percent excluding the impact from the GSS divestiture
  • COGS tailwinds of $175 million to $200 million expected due to raw material deflation, favorable fixed cost absorption and further benefits from restructuring actions
  • Adjusted earnings per diluted share expected to be flat at the midpoint to the prior year
  • Volume is expected to improve as increases in growth portfolio sales more than offset weaker demand in the channel

Challenges Ahead

  • Free cash flow is forecasted to reflect a decline of 51 percent at the midpoint
  • Price is expected to decline in the low-to-mid-single digits with the vast majority driven by price adjustments in certain “cost-plus” contracts with certain diamide partners as a result of lower manufacturing costs.
  • FX is expected to be a low-to-mid-single digit headwind.
  • First quarter revenue is expected to decline 16 percent at the midpoint compared to first quarter 2024.
  • Adjusted EBITDA is expected to decline of 28 percent at the midpoint versus the prior-year period

Company Overview

Full financial data and analysis

View FMC