NYSE$FMC

FMC Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered solid results driven by robust start to the Latin American season and strong pricing actions across all regions.

FMC Corporation reported a 15% increase in revenue to $1.38 billion for Q3 2022, driven by strong volume and pricing. However, consolidated GAAP net income decreased by 27% to $118 million, with adjusted earnings per diluted share down 14% to $1.23.

  • Revenue of $1.38 billion, an increase of 15 percent versus Q3 2021 and up 19 percent organically.
  • Consolidated GAAP net income of $118 million, down 27 percent versus Q3 2021.
  • Adjusted EBITDA of $261 million, down 11 percent versus Q3 2021.
  • Consolidated GAAP earnings of $0.95 per diluted share, down 23 percent versus Q3 2021.

Headline financials

Total Revenue

$1.38B

Previous: $1.19B+15.3%
EPS (adj)

$1.23

Previous: $1.43-14.0%
Organic Revenue Change (non-GAAP)

19.0%

Previous: 9.0%+111.1%
Capital Expenditures

-$108M

Previous: -$76.4M-41.9%
Free Cash Flow

$12.6M

Previous: $81.5M-84.5%
Net Income

$121M

Previous: $158M-23.4%
Operating Income

$211M

Previous: $217M-2.9%
Gross Profit

$478M

Previous: $513M-6.9%
Cash & Equivalents

$364M

Previous: $341M+6.7%
Total Assets

$10.8B

Previous: $10.4B+3.4%
Stock-Based Comp

$5.8M

Previous: $3.8M+52.6%

Revenue & EPS history

FMC · Revenue · Quarterly

$1.38B

Q3 2022+15.3%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

FMC raised its forecast for full-year 2022 revenue to be in the range of $5.6 billion to $5.8 billion. Full-year adjusted EBITDA range has been narrowed and is now expected to be $1.37 billion to $1.43 billion. The range for 2022 adjusted earnings per share is also narrowed and is now expected to be $7.10 to $7.60 per diluted share.

Tailwinds

  • Revenue $5.6 to $5.8 billion
  • Growth at midpoint vs. 2021 13%
  • Adjusted EBITDA $1.37 to $1.43 billion
  • Growth at midpoint vs. 2021 7%
  • Adjusted EPS $7.10 to $7.60

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 Q3 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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