HighGravityDataFMC Corporation — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000037785-24-000112
Showing in the filing
Adjusted EBITDA outlook range
“$885 million to $915 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Revenue outlook for FY2024
“$4.33 billion to $4.44 billion”
Adjusted EBITDA outlook range for FY2024
“$885 million to $915 million”
Target restructuring savings range (adjusted…
“$125 million to $150 million”
Target restructuring savings range for FY2024
“$125 million to $150 million of adjusted EBITDA net benefit”
Tax rate range for FY2024
“13 to 15 percent”
Free cash flow outlook range for FY2024
“$400 million to $500 million”
Revenue for Q4 FY2024
“$1.30 billion to $1.41 billion”
Adjusted EBITDA for Q4 FY2024
“$321 million to $351 million”
Adjusted earnings per diluted share for Q4 FY2024
“$1.47 to $1.83”
Revenue growth at midpoint vs. 2023 for FY2024
“-2%”
Revenue growth at midpoint vs. 2023 for Q4 FY2024
“19%”
Adjusted EBITDA growth at midpoint vs. 2023 for FY2024
“-8%”
Adjusted EBITDA growth at midpoint vs. 2023 for Q4 FY2024
“32%”
Adjusted earnings per diluted share outlook … for FY2024
“$3.16 to $3.52”
Adjusted EPS^ for FY2024
“$3.16 to $3.52”
Adjusted EPS^ for Q4 FY2024
“$1.47 to $1.83”
Adjusted EPS growth at midpoint vs. 2023 for FY2024
“-12%”
Adjusted EPS growth at midpoint vs. 2023 for Q4 FY2024
“54%”
Exhibit 99.1 · the passage around this item
… earlier in the release
215.299.6137 Curt.Brooks@fmc.com FMC Corporation reports strong growth in third quarter, confirms full-year outlook adjusted for expected sale of GSS business Volume growth and higher cost savings led to earnings above the high end of guidance range Third Quarter 2024 Highlights • Revenue of $1.07 billion, an increase of 9 percent versus Q3 2023 and up 12 percent organically 1 • Consolidated GAAP net income of $66 million, up $70 million from a net loss of $4 million in Q3 2023 • Adjusted EBITDA of $201 million, up 15 percent versus Q3 2023 • Consolidated GAAP net income of $0.52 per diluted share, up $0.55 from a net loss of $0.03 per diluted share in Q3 2023 • Adjusted earnings per diluted share of $0.69, up 57 percent versus Q3 2023 • GAAP Cash from operations of $160 million with free cash flow of $132 million Full-Year Outlook 2 • Revenue outlook of $4.33 billion to $4.44 billion, reflecting a 2 percent decline at the midpoint versus 2023; reduced $20 million for loss of contribution from Global Specialty Solutions (GSS) business 3 • Adjusted EBITDA outlook range of $885 million to $915 million, reflecting an 8 percent decline at the midpoint versus 2023; reduced $10 million for loss of contribution from GSS business 3 • Adjusted earnings per diluted share outlook range of $3.16 to $3.52, reflecting a 12 percent decrease at the midpoint versus 2023 • Increases target restructuring savings range to $125 million to $150 million of adjusted EBITDA net benefit • Free cash flow outlook range unchanged at $400 million to $500 million PHILADELPHIA, October 29, 2024 – FMC Corporation (NYSE:FMC) today reported third quarter 2024 revenue of $1.07 billion, an increase of 9 percent versus third quarter 2023 and up 12 percent organically. On a GAAP basis, the company reported net income of $0.52 per diluted share in the third quarter, up from a net loss of $0.03 per diluted share in the third quarter 2023 driven by higher sales and lower costs from restructuring actions as well as a lower effective tax provision. Adjusted earnings were $0.69 per diluted share, an increase of 57 percent versus third quarter of 2023. Page 2 / FMC Corporation reports strong growth in third quarter, confirms full-year outlook adjusted for expected sale of GSS business Third Quarter Adjusted EPS versus Pr
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.