FMC Corp. (FMC) Tops Q1 EPS by 2c, Offers Guidance
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FMC Corporation delivers solid first quarter results and raises full-year adjusted EBITDA and adjusted EPS guidance
May 1, 2023 4:35 PM EDTStrong pricing, accelerating new product introductions and cost discipline drove margin expansion in the quarter
First Quarter 2023 Highlights
Revenue of $1.34 billion, flat versus Q1 2022 and up 4 percent organically1Consolidated GAAP net income of $196 million, down 7 percent versus Q1 2022Adjusted EBITDA of $362 million, up 2 percent versus Q1 2022Consolidated GAAP earnings of $1.55 per diluted share, down 6 percent versus Q1 2022Adjusted earnings per diluted share of $1.77, down 6 percent versus Q1 2022Returned approximately $100 million to shareholders, including... More