Financial Data and Key Metrics Changes - In Q4 2021, FMC Corporation reported revenue of $1.41 billion, reflecting a 23% increase on a reported basis and 25% organic growth, driven by strong volume growth and pricing gains across all regions [9][10] - Adjusted EBITDA was $377 million, an increase of 30% compared to the prior year period, with EBITDA margins at 26.7%, up approximately 150 basis points year-over-year [9][10] - Adjusted earnings were $2.16 per diluted share, a 52% increase versus Q4 2020, primarily driven by increased EBITDA and a lower tax rate [10][14] Business Line Data and Key Metrics Changes - North America achieved an all-time record quarter with 80% revenue growth compared to Q4 2020, driven by selective herbicides and new product launches [10][11] - Latin America saw a 30% year-over-year revenue increase, led by strong performance in Brazil, Argentina, and Mexico, with significant growth in diamides, herbicides, and fungicides [11][12] - EMEA branded business grew 9%, while Asia experienced a 3% revenue decline, primarily due to weather challenges in China [12][13] Market Data and Key Metrics Changes - FMC's revenue growth was broad-based across multiple countries, including double-digit gains in the US, Brazil, Argentina, Mexico, France, Russia, Germany, India, Australia, and Indonesia [9][10] - The company noted that robust soft commodity prices and acreage increases in key geographies created a positive backdrop for growth [8][9] Company Strategy and Development Direction - FMC aims for 7% top-line growth in 2022, leveraging both synthetic and biological portfolios, with expectations of approximately $600 million in sales from products launched in the last five years [18][19] - The company is focusing on expanding its Plant Health business, targeting $500 million in sales by 2025, driven by internal pipeline and strategic M&A [16][19] - FMC plans to continue price increases to offset cost headwinds and expects to maintain strong cash returns to shareholders through dividends and share repurchases [37][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from rising input costs, supply chain disruptions, and currency headwinds but expressed confidence in the agricultural market fundamentals and demand for FMC's products [8][39] - The company anticipates that pricing increases will offset cost increases throughout the year, with a focus on maintaining volume growth [43][52] Other Important Information - FMC reported record cash flow of $713 million in 2021, a 31% increase over the prior year, with a cash conversion rate of 80% [31][33] - The company refinanced $1 billion in debt, which is expected to reduce interest expenses by approximately $8 million in 2022 [31][33] Q&A Session Summary Question: Interpretation of supply chain and currency impacts on fundamentals - Management indicated that while fundamentals remain strong, FX has become a significant headwind for 2022, affecting overall projections [41][42] Question: Growth target for Plant Health and reliance on M&A - Management confirmed that while M&A is part of the growth strategy, significant organic growth is expected from new product launches and market adoption of biologicals [45][46] Question: Channel inventories and volume opportunities - Management expressed confidence in strong demand and low concerns regarding channel inventories, noting that some regions may experience scarcity of materials [49][50] Question: Pricing challenges in different regions - Management stated that pricing has been successfully implemented across all regions, with ongoing adjustments as needed based on raw material availability [53][54] Question: Guidance range width and market conditions - Management explained that the wide guidance range reflects unprecedented operating conditions and potential variability in costs and market dynamics [56][57] Question: FX assumptions and hedging strategies - Management highlighted that European currencies pose the most significant headwinds, with a general expectation of a stronger US dollar impacting various currencies throughout the year [63][64] Question: Exposure to Chinese suppliers and supply chain flexibility - Management noted a reduced dependency on China for raw materials, now around 40%, and emphasized a balanced sourcing strategy to mitigate risks from potential disruptions [68][69]

FMC Corporation (NYSE:FMC) Q3 2021 Earnings Conference Call November 3, 2021 9:00 AM ET Company Participants Zack Zaki – Director of Investor Relations Mark Douglas – President and Chief Executive Officer Andrew Sandifer – Executive Vice President and Chief Financial Officer Conference Call Participants Christopher Parkinson – Mizuho Joel Jackson – BMO Capital Markets Steve Byrne – Bank of America Securities John Roberts – UBS Adam Samuelson – Goldman Sachs Kevin McCarthy – Vertical Research Partners Vincen ...

FMC Corporation (NYSE:FMC) Q2 2021 Earnings Conference Call August 4, 2021 9:00 AM ET Company Participants Michael Wherley - Director, IR Mark Douglas - President and CEO Andrew Sandifer - EVP and CFO Conference Call Participants Steve Byrne - BMO Adam Samuelson - Goldman Sachs Laurent Favre - Exane BNP Mark Connelly - Stephens Vincent Andrews - Morgan Stanley Mike Sison - Wells Fargo Frank Mitsch - Fermium Research Joel Jackson - BMO Capital Markets Aleksey Yefremov - KeyBanc John Roberts - UBS Mike Harris ...