NYSE$FMC
FMC Corp · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
FMC reported strong first quarter earnings driven by organic growth.
FMC Corporation reported a 5% increase in revenue to $1.25 billion for Q1 2020 compared to Q1 2019, with organic revenue growth of 9%. Adjusted earnings per diluted share increased by 7% to $1.84. The company forecasts solid full-year revenue performance driven by strong organic growth.
- Revenue of $1.25 billion, up 5 percent versus Q1 2019 and 9 percent organically.
- Consolidated GAAP net income of $206 million, down 5 percent versus Q1 2019.
- Adjusted EBITDA of $357 million, up 4 percent versus Q1 2019.
- Consolidated adjusted earnings per diluted share of $1.84, up 7 percent versus Q1 2019.
Headline financials
Revenue & EPS history
FMC · Revenue · Quarterly
$1.25B
Forward guidance
FMC full-year 2020 revenue is now forecasted to be in the range of $4.65 billion to $4.85 billion, representing an increase of 3 percent at the midpoint versus 2019. Excluding the impact of foreign currencies, organic growth is expected to be 8 percent. Full-year adjusted EBITDA is now expected to be in the range of $1.23 billion to $1.34 billion, representing 5 percent year-over-year growth at the midpoint. 2020 adjusted earnings are now expected to be in the range of $6.05 to $6.70 per diluted share, representing an increase of 5 percent year over year at the midpoint.
Tailwinds
- Solid underlying demand is expected through the end of the year.
- Organic growth is expected to be 8 percent.
- Adjusted EBITDA is expected to grow by 5 percent year-over-year at the midpoint.
- Adjusted earnings are expected to increase by 5 percent year over year at the midpoint.
- Company will maintain regular quarterly dividend payments.
Headwinds
- Revenue range is down due to currency headwinds and ongoing global pandemic risks.
- COVID-related and currency headwinds could reduce EBITDA by a range of $0 to $70 million.
- Company is suspending share repurchases until the impact of the global pandemic is better understood.
- Second quarter will present the most challenging and uncertain conditions related to COVID-19 and currencies.
- FX will be a strong headwind at a time of year when price increases are the most difficult to implement.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-1.0%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-0.9%
Avg return
30 days after
49%
35 / 72 earnings
Positive
+12.6%
Q3 2021
Best reaction
-46.5%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.3% | +1.5% | -6.8% | |
| Q4 2025 | -19.5% | -5.8% | -17.4% | |
| Q3 2025 | -46.5% | -53.8% | -50.8% | |
| Q1 2025 | -8.3% | -15.0% | -3.2% | |
| Q4 2024 | -33.5% | -35.0% | -23.6% | |
| Q3 2024 | +8.3% | +2.6% | -3.3% | |
| Q2 2024 | +10.0% | +5.5% | +10.4% | |
| Q1 2024 | +7.9% | +9.2% | -6.5% | |
| Q4 2023 | -13.0% | -15.8% | +0.1% | |
| Q3 2023 | -6.5% | -2.6% | -7.4% | |
| Q2 2023 | -3.2% | -3.2% | -8.4% | |
| Q1 2023 | -5.8% | -8.2% | -15.8% | |
| Q4 2022 | +1.9% | +4.0% | -2.3% | |
| Q3 2022 | +0.8% | +4.7% | +9.4% | |
| Q2 2022 | -0.1% | -2.5% | -2.1% | |
| Q1 2022 | -6.8% | -10.2% | -8.2% | |
| Q4 2021 | +8.5% | +8.9% | +15.0% | |
| Q3 2021 | +12.6% | +14.1% | +10.8% | |
| Q2 2021 | -7.5% | -10.6% | -9.3% | |
| Q1 2021 | -1.4% | -0.6% | -0.6% | |
| Q4 2020 | -7.5% | -7.7% | -6.8% | |
| Q3 2020 | +1.9% | +5.8% | +15.0% | |
| Q2 2020 | +1.2% | +3.8% | +3.5% | |
| Q1 2020 | +2.6% | +4.3% | +11.3% | |
| Q4 2019 | +9.0% | +5.9% | -8.5% | |
| Q3 2019 | +8.3% | +13.1% | +17.6% | |
| Q2 2019 | +2.8% | +2.2% | +1.7% | |
| Q1 2019 | +1.2% | +2.4% | +1.4% | |
| Q4 2018 | -2.7% | +5.4% | +12.2% | |
| Q3 2018 | +3.9% | +3.9% | +3.4% | |
| Q2 2018 | -3.7% | -2.0% | -4.9% | |
| Q1 2018 | +4.9% | +10.0% | +10.6% | |
| Q4 2017 | -1.0% | +0.8% | +0.0% | |
| Q3 2017 | +2.6% | +2.3% | -3.4% | |
| Q2 2017 | +9.8% | +10.4% | +12.9% | |
| Q1 2017 | -3.0% | -0.3% | +3.6% | |
| Q4 2016 | -5.4% | -4.1% | -3.3% | |
| Q3 2016 | +7.9% | +13.5% | +19.8% | |
| Q2 2016 | +2.0% | +2.1% | -1.2% | |
| Q1 2016 | +9.4% | — | — | |
| Q4 2015 | -2.9% | — | — | |
| Q3 2015 | +9.6% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | -5.2% | — | — | |
| Q4 2014 | +4.4% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | -4.1% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -1.5% | — | — | |
| Q2 2013 | +3.2% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q4 2012 | -4.5% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | -3.6% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | +7.0% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q1 2011 | +1.6% | — | — | |
| Q4 2010 | -6.5% | — | — | |
| Q3 2010 | +1.7% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q1 2009 | -0.0% | — | — | |
| Q4 2007 | -2.5% | — | — | |
| Q4 2009 | -2.5% | — | — | |
| Q3 2009 | +0.8% | — | — | |
| Q3 2008 | +0.8% | — | — | |
| Q2 2008 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — | |
| Q2 2009 | -2.5% | — | — |
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