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FMC (FMC) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Financial Performance - GAAP Revenue decreased by 49% from Q3 2024, reaching $542 million[8] - Revenue excluding India decreased by 10%, amounting to $961 million[8] - GAAP Net Income experienced a significant decline of $(634) million, resulting in a loss of $(569) million[8] - Adjusted EBITDA increased by 17% to $236 million, representing 246% of revenue excluding India[8] - Adjusted EPS increased by 30% to $089[8] Regional Revenue Drivers - Lower revenue excluding India was primarily driven by lower pricing[12] - North America revenue was $463 million, a decrease of 8% year-over-year (or -9% excluding FX)[17] - Latin America revenue was $244 million, a decrease of 4% year-over-year[17] - Asia revenue decreased by 47% year-over-year (or -46% excluding FX) to $99 million[17] - EMEA revenue increased by 11% year-over-year (or 7% excluding FX) to $155 million[17] Q4 2025 Financial Outlook - Revenue is projected to be between $112 billion and $122 billion, a decrease of 4% year-over-year[26] - Adjusted EBITDA is expected to be between $265 million and $305 million, a decrease of 16% year-over-year[26] - Adjusted EPS is projected to be between $114 and $136, a decrease of 30% year-over-year[26] FY 2025 Financial Outlook - Revenue is projected to be between $392 billion and $402 billion, a decrease of 7% year-over-year[28] - Adjusted EBITDA is expected to be between $830 million and $870 million, a decrease of 6% year-over-year[28] - Adjusted EPS is projected to be between $292 and $314, a decrease of 13% year-over-year[28] Cash Flow - Free Cash Flow (FCF) was $(233) million in Q3 2025, a decrease of $(365) million compared to Q3 2024[30] - The company expects Free Cash Flow to be between $(200) million and $0 million for FY 2025[30]