FMC Corp. (FMC) Tops Q4 EPS by 22c, Revenues Beat; Provides FY20 EPS/Revenue Outlook

FMC Corp. (NYSE: FMC) reported Q4 EPS of $1.76, $0.22 better than the analyst estimate of $1.54. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.19 billion.

Fourth Quarter 2019 Highlights1

• 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

"Our financial outperformance reflects the strength of our portfolio and new technology launches," said Pierre Brondeau, chairman and CEO of FMC. "FMC delivered continued strong revenue growth in the quarter driven by high demand in all regions despite adverse weather conditions in Europe and Asia."

GUIDANCE:

FMC Corp. sees FY2020 EPS of $6.45-$6.70, versus the consensus of $6.67. FMC Corp. sees FY2020 revenue of $4.8-4.95 billion, versus the consensus of $4.85 billion.

• Revenue of $4.8 to $4.95 billion, reflecting 6 percent growth at the midpoint versus 2019
• Total company adjusted EBITDA of $1.3 to $1.34 billion, reflecting 8 percent growth at the midpoint versus 2019
• 2020 adjusted earnings are expected to be in the range of $6.45 to $6.70 per diluted share, reflecting 8 percent growth at the midpoint versus 2019, excluding any impact from 2020 share repurchases
• Company expects to repurchase $400 to $500 million of FMC shares in 2020

For earnings history and earnings-related data on FMC Corp. (FMC) click here.

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