FMC Corporation — Oct 29, 2024 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 Prior-Year Quarter +25 cents Adjusted EBITDA   +18 cents Interest Expense  +4 cents Depreciation & Amortization  +2 cents Minority Interest -1 cent Taxes  +3 cents Rounding -1 cent “We delivered revenue and earnings growth as market conditions improved although at varying rates across the regions,” said Pierre Brondeau, FMC chairman and chief executive officer. “Strong