FMC Corp. (FMC) Tops Q1 EPS by 18c, Offers Guidance

FMC Corp. (NYSE: FMC) reported Q1 EPS of $1.88, $0.18 better than the analyst estimate of $1.70. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.29 billion.

GUIDANCE:

FMC Corp. sees FY2022 EPS of $6.70-$8.00, versus the consensus of $7.78. FMC Corp. sees FY2022 revenue of $5.25-5.55 billion, versus the consensus of $5.41 billion.

• Maintains revenue outlook of $5.25 to $5.55 billion, reflecting 7 percent growth at the midpoint versus 2021
• Maintains adjusted EBITDA outlook of $1.32 to $1.48 billion, reflecting 6 percent growth at the midpoint versus 2021
• Updates adjusted earnings per diluted share outlook to $6.70 to $8.00, reflecting 6 percent growth at the midpoint versus 2021, excluding any impact from potential 2022 share repurchases
• Maintains free cash flow outlook of $515 to $735 million
• Continues to expect to repurchase $500 to $600 million of FMC shares in 2022

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

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