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FMC (FMC) - 2024 Q1 - Earnings Call Transcript
2024-05-07 17:23
FMC Corporation (NYSE:FMC) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Curt Brooks - Director, Investor Relations Mark Douglas - President and Chief Executive Officer Andrew Sandifer - Executive Vice President and Chief Financial Officer Conference Call Participants Vincent Andrews - Morgan Stanley Josh Spector - UBS Adam Samuelson - Goldman Sachs Kevin McCarthy - Vertical Research Partners Joel Jackson - BMO Capital Markets Steve Byrne - Bank of America Andrew Keches - Barc ...
FMC's Earnings Surpass Estimates, Revenues Lag in Q1
Zacks Investment Research· 2024-05-07 12:56
FMC Corporation (FMC) reported a loss of 2 cents per share in first-quarter 2024. This compares to earnings of $1.55 in the year-ago quarter.Barring one-time items, adjusted earnings per share were 36 cents, beating the Zacks Consensus Estimate of 35 cents.Revenues were $918 million in the quarter, down around 32% from the year-ago quarter’s levels. The top line fell short of the Zacks Consensus Estimate of $1,025.2 million.A 27% decline in volumes hurt FMC’s revenues in the reported quarter.  Prices also f ...
FMC (FMC) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-05-06 22:46
FMC (FMC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $1.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.86%. A quarter ago, it was expected that this chemical producer would post earnings of $1.09 per share when it actually produced earnings of $1.07, delivering a surprise of -1.83%.Over the last four quarters, the company has ...
FMC (FMC) - 2024 Q1 - Quarterly Results
2024-05-06 20:34
Exhibit 99.1 FMC Corporation 2929 Walnut Street Philadelphia, PA 19104 USA 215.299.6000 News Release fmc.com For Release: Immediate Media contact: Nicole Canning +1.215.299.5916 Nicole.Canning@fmc.com Investor Contact: Curt Brooks +1.215.299.6137 Curt.Brooks@fmc.com FMC Corporation delivers first quarter earnings at higher end of guidance range, maintains full year outlook Significant improvement in first quarter cash from operations up $708 million versus prior year period First Quarter 2024 Highlights • R ...
FMC Corporation delivers first quarter earnings at higher end of guidance range, maintains full-year outlook
Prnewswire· 2024-05-06 20:30
Significant improvement in first quarter cash from operations, up $708 million versus prior year period First Quarter 2024 Highlights Revenue of $918 million, down 32 percent versus Q1 2023 and down 31 percent organically1 Consolidated GAAP net loss of $3 million, down 102 percent versus Q1 2023 Adjusted EBITDA of $161 million, down 56 percent versus Q1 2023 Consolidated GAAP loss of $0.02 per diluted share, down 101 percent versus Q1 2023 Adjusted earnings per diluted share of $0.36, down 80 percent versu ...
Stay Ahead of the Game With FMC (FMC) Q1 Earnings: Wall Street's Insights on Key Metrics
Zacks Investment Research· 2024-05-01 14:21
In its upcoming report, FMC (FMC) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 80.2% compared to the same period last year. Revenues are forecasted to be $1.03 billion, representing a year-over-year decrease of 23.7%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a compan ...
Goldman Boosted FMC Stock's Price Targets, Setting Up a Breakout
MarketBeat· 2024-05-01 11:38
Key PointsFMC stock is a boost, according to Goldman analysts; others see an even more considerable upside for the stock. With a global agricultural breakout calling for FMC's products, it is perceived to be above its peers this cycle. EPS projections and price targets amplify the stock's discount for investors to squeeze.5 stocks we like better than UBS GroupThe first quarter of the 2024 earnings season has kicked off. While markets focus primarily on financial stocks to lead the way into the new year, oth ...
FMC Corporation appoints Curt Brooks director, Investor Relations, names Zack Zaki vice president, Corporate Strategy
Prnewswire· 2024-04-03 20:30
PHILADELPHIA, April 3, 2024  /PRNewswire/ -- FMC Corporation (NYSE:FMC), an agricultural sciences company, today announced Curt Brooks has been named director, Investor Relations (IR). He assumes the role from Abizar "Zack" Zaki, who has been elected FMC vice president, Corporate Strategy. Brooks and Zaki will transition investor responsibilities following the company's first quarter earnings release and conference call in early May. Zack Zaki (left) Curt Brooks (right) Brooks has served as associate di ...
FMC Corporation announces dates for first quarter 2024 earnings release and webcast conference call
Prnewswire· 2024-03-18 20:30
PHILADELPHIA, March 18, 2024 /PRNewswire/ --  FMC Corporation (NYSE: FMC) announced today it will release its first quarter 2024 earnings on Monday, May 6, 2024, after the stock market close via PR Newswire and the company's website https://investors.fmc.com. The company will host a webcast conference call on Tuesday, May 7, 2024 at 9:00 a.m. ET that is open to the public via internet broadcast and telephone. Conference Call Details: Internet broadcast: https://investors.fmc.com United States (Local): +1 40 ...
FMC Corporation And Its Real Value
Seeking Alpha· 2024-03-13 18:04
mladenbalinovac FMC Corporation (NYSE:FMC) has seen some rough times in recent quarters. Experiencing pricing pressure and customer spending downturns have resulted in a sales decline of 29%. This has resulted in a stock price drop and a pessimistic outlook for the company. Excess customer inventory levels and droughts seem to have had the biggest impact on the sales decline over the recent year. Although these challenges will likely continue into 2024, FMC Corporation is working on cost initiatives to ...