NYSE$FMC

FMC Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

FMC Corporation delivered strong results for the fourth quarter and full year 2019.

FMC Corporation reported fourth quarter 2019 revenue of $1.2 billion, an increase of 9 percent versus recast fourth quarter 2018, driven by higher volumes across all regions. Fourth quarter adjusted earnings were $1.76 per diluted share, an increase of 21 percent versus recast fourth quarter 2018. Total company adjusted EBITDA was $320 million, an increase of 17 percent versus recast fourth quarter 2018 and at the top end of guidance.

  • Revenue of $1.2 billion, up 9 percent versus recast Q4 2018
  • Consolidated GAAP net loss of $3 million, or $0.02 per diluted share
  • Total company adjusted EBITDA of $320 million, up 17 percent versus recast Q4 2018 and at the top end of guidance range
  • Consolidated adjusted earnings per diluted share of $1.76, up 21 percent versus recast Q4 2018

Headline financials

Total Revenue

$1.2B

Previous: $1.22B-1.8%
EPS (adj)

$1.76

Previous: $1.69+4.1%
Capital Expenditures

$37.1M

Previous: $68M-45.4%
Free Cash Flow

$302M

No prior period
Net Income

-$2.8M

Previous: $32.4M-108.6%
Operating Income

$112M

Previous: $53.6M+109.1%
Gross Profit

$556M

Previous: $492M+13.1%
Cash & Equivalents

$339M

Previous: $134M+152.3%
Total Assets

$9.87B

Previous: $9.97B-1.0%
Stock-Based Comp

$6.4M

Previous: $5.7M+12.3%

Revenue & EPS history

FMC · Revenue · Quarterly

$1.2B

Q4 2019-1.8%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

FMC full-year revenue is forecasted to be in the range of $4.8 to $4.95 billion, an increase of 6 percent at the midpoint versus 2019 driven by volume and pricing in all regions. Total company adjusted EBITDA is expected to be in the range of $1.3 to $1.34 billion, an increase of 8 percent at the midpoint versus 2019. Full-year adjusted earnings are expected to be in the range of $6.45 to $6.70 per diluted share, an increase of 8 percent at the midpoint versus 2019 and assuming weighted average diluted shares outstanding (WADSO) of approximately 131 million.

Tailwinds

  • Revenue of $4.8 to $4.95 billion
  • Increase of 6 percent at the midpoint versus 2019 driven by volume and pricing in all regions
  • Total company adjusted EBITDA is expected to be in the range of $1.3 to $1.34 billion
  • Increase of 8 percent at the midpoint versus 2019
  • Adjusted earnings are expected to be in the range of $6.45 to $6.70 per diluted share

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 Q4 2019

Historical avgQ4 2019

-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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