FMC 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
“$321 million to $351 million”
Period
Q4 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
Fourth Quarter Outlook 2,3 The fourth quarter outlook has been adjusted to reflect the imminent sale of the GSS business ($20 million loss in revenue and $10 million loss in EBITDA) and outperformance in Q3. Fourth quarter revenue is now expected to be in the range of $1.30 billion to $1.41 billion, a 19 percent increase at the midpoint compared to fourth quarter 2023. Adjusted EBITDA is forecasted to be in the range of $321 million to $351 million, representing a 32 percent increase at the midpoint versus fourth quarter 2023. FMC now expects adjusted earnings per diluted share to be in the range of $1.47 to $1.83 in the fourth quarter, which represents an improvement of 54 percent at the midpoint versus fourth quarter 2023. Page 4 / FMC Corporation reports strong growth in third quarter, confirms full-year outlook adjusted for expected sale of GSS business “We plan to deliver strong fourth quarter growth despite a shift of some second half orders from the fourth quarter into the third quarter, while many countries continue operating in challenging conditions,” said Brondeau. “Key fourth quarter earnings growth drivers are robust sales of new products as well as additional cost benefits from our restructuring program. We still expect further earnings growth in 2025 from cost tailwinds as well as moderate top line growth as market conditions improve.” Full Year 2024 Outlook 2,3 Q4 2024 Outlook 2,3 Revenue $4.33 to $4.44 billion $1.30 to $1.41 billion Growth at midpoint vs. 2023* -2% 19% Adjusted EBITDA $885 to $915 million $321 to $351 million Growth at midpoint vs. 2023* -8% 32% Adjusted EPS^ $3.16 to $3.52 $1.47 to $1.83 Gr
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.