FMC Corporation — Feb 4, 2025 release

Page 4/ FMC Corporation announces 2024 fourth quarter and full year results, provides 2025 outlook Full-year adjusted EBITDA is expected to be between $870 million and $950 million, an increase of 1 percent to prior year at the midpoint and up 4 percent after adjusting for approximately $25 million of lost EBITDA from the GSS sale. Favorable COGS of $175 million to $200 million and a modest volume gain are expected to be mostly offset by lower price, an approximately $65 million to $75 million FX headwind, and an increase in selling costs as the company invests in new routes to market. The range for 2025 adjusted EPS is expected to be $3.26 to $3.70 per diluted share, flat to the prior year at the midpoint. Full-year free cash flow is expected to be $200 million to $400 million, a decline of $314 million versus 2024 at the midpoint as the free cash flow conversion normalizes following the outsized recovery in 2024. First Quarter 2025 Outlook 2 First quarter revenue is expected to be in the range of $750 million to $800 million, a 16 percent decline at the midpoint compared to first quarter 2024. Volume is expected to be lower as customers in many countries continue to reduce inventory and purchases are made cautiously by retailers and growers in an environment of lower commodity prices. Price is expected to be a mid-to-high-single digit headwind, primarily due to the contract adjustments to certain diamide partners. FX is forecasted to be a mid-single digit headwind. Adjusted EBITDA is expected to be in the range of $105 million to $125 million, a decline of 28 percent at the midpoint versus the prior-year period as lower price and FX headwinds are partially offset by l