NYSE$FMC

FMC Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

FMC's Q4 2024 earnings benefited from sales growth and cost favorability, with a strong year of cash generation.

FMC Corporation reported a 7% increase in revenue for Q4 2024, reaching $1.22 billion. Adjusted earnings per share increased by 67% to $1.79. The company's performance was driven by volume growth, particularly from its growth portfolio, and cost discipline, despite headwinds from FX impacts and lower pricing.

  • Revenue increased by 7% versus Q4 2023, and 12% organically.
  • Adjusted EBITDA increased by 33% versus prior year, exceeding guidance midpoint.
  • Adjusted earnings per diluted share increased by 67% versus Q4 2023.
  • Sales of products launched in the last five years increased by 24%.

Headline financials

Total Revenue

$1.22B

Previous: $1.15B+6.8%
EPS (adj)

$1.79

Previous: $1.07+67.3%
Organic Revenue Change (non-GAAP)

-8.0%

No prior period
Adjusted EBITDA

$339M

No prior period
Consolidated GAAP Net Loss

$1.7B

No prior period
Consolidated GAAP Loss Per Diluted Share

-$13.61

No prior period
Foreign Currency Impact

0.0%

No prior period
Net Income

-$16M

Previous: $1.1B-101.5%
Operating Income

$235M

Previous: $18.1M+1196.1%
Gross Profit

$525M

Previous: $436M+20.4%
R&D Expense

$72.2M

Previous: $81.8M-11.7%

Revenue & EPS history

FMC · Revenue · Quarterly

$1.22B

Q4 2024+6.8%vs Q4 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

FMC expects full year 2025 revenue to be between $4.15 billion and $4.35 billion, and adjusted EBITDA to be between $870 million and $950 million. Adjusted EPS is expected to be $3.26 to $3.70 per diluted share. Free cash flow is forecasted to be $200 million to $400 million.

Tailwinds

  • Revenue expected to be essentially flat to prior year at the midpoint; growth of 3 percent, excluding the impact of the Global Specialty Solutions (GSS) business divestiture
  • Adjusted EBITDA expected to increase of 1 percent versus prior year at the midpoint and an increase of 4 percent excluding the impact from the GSS divestiture
  • COGS tailwinds of $175 million to $200 million expected due to raw material deflation, favorable fixed cost absorption and further benefits from restructuring actions
  • Adjusted earnings per diluted share expected to be flat at the midpoint to the prior year
  • Volume is expected to improve as increases in growth portfolio sales more than offset weaker demand in the channel

Headwinds

  • Free cash flow is forecasted to reflect a decline of 51 percent at the midpoint
  • Price is expected to decline in the low-to-mid-single digits with the vast majority driven by price adjustments in certain “cost-plus” contracts with certain diamide partners as a result of lower manufacturing costs.
  • FX is expected to be a low-to-mid-single digit headwind.
  • First quarter revenue is expected to decline 16 percent at the midpoint compared to first quarter 2024.
  • Adjusted EBITDA is expected to decline of 28 percent at the midpoint versus the prior-year period

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 2024

Historical avgQ4 2024

-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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