FMC Corp's Earnings Surpass Estimates, Revenues Miss in Q4

Core Insights - FMC Corporation reported a loss of 13 cents for Q4 2024, contrasting with earnings of $8.77 in the same quarter last year. Adjusted earnings per share were $1.79, exceeding the Zacks Consensus Estimate of $1.61 [1][2] Revenue Performance - Revenues for Q4 2024 were $1,224.3 million, a 6.8% increase year-over-year, but fell short of the Zacks Consensus Estimate of $1,324.1 million. The revenue growth was driven by a 15% increase in volume, particularly in the United States [2] - North America sales rose 23% year-over-year to $340 million, although this figure missed the Zacks Consensus Estimate of $347.5 million. Latin America sales declined 10% to $390 million, missing the estimate of $516.9 million [3] - In Asia, revenues increased 10% to $307 million, surpassing the Zacks Consensus Estimate of $273.7 million. EMEA saw an 18% increase to $188 million, also beating the estimate of $183 million [4] Full-Year Results - For FY24, FMC reported revenues of $4,246.1 million, a 5.4% decrease from the previous year. Net income was $341.1 million, reflecting a 74.1% decrease, with consolidated earnings per share at $2.72, down 74.2% year-over-year [5] Financial Position - At the end of the quarter, FMC had cash and cash equivalents of $357.3 million, an 18.1% increase year-over-year. Long-term debt stood at $3,027.9 million, a slight increase of 0.1% [6] Guidance - For Q1 2025, revenues are projected to be between $750 million and $800 million, indicating a 16% decrease at the midpoint from Q1 2024. Adjusted EBITDA is estimated to be between $105 million and $125 million, a 28% decrease at the midpoint compared to the prior-year quarter [7] - Full-year 2025 revenues are expected to be in the range of $4.15 billion to $4.35 billion, with adjusted EBITDA estimated between $870 million and $950 million, reflecting a 1% increase at the midpoint from the previous year [8][9] Stock Performance - FMC's stock has gained 1.1% over the past year, compared to a 3% rise in the industry [11]