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May 6, 2021 Source: FMC news release First Quarter 2021 Highlights *Revenue of $1.2 billion, a decrease of 4 percent versus Q1 2020 and down 5 percent organically *Consolidated GAAP net income of $183 million, down 11 percent versus Q1 2020 *Adjusted EBITDA of $307 million, down 14 percent versus Q1 2020 *Consolidated GAAP earnings of $1.40 per diluted share, down 11 percent versus Q1 2020 *Consolidated adjusted earnings per diluted share of $1.53, down 17 percent versus Q1 2020 *Share repurchases of $75 million Full-Year Outlook *Maintains revenue forecast in the range of $4.9 to $5.1 billion, reflecting 8 percent growth at the midpoint versus 2020 *Maintains adjusted EBITDA forecast in the range of $1.32 to $1.42 billion, reflecting 10 percent growth at the midpoint versus 2020 *Raises 2021 adjusted earnings forecast to a range of $6.70 to $7.40 per diluted share, reflecting 14 percent growth at the midpoint versus 2020, excluding any impact from future share repurchases *Maintains free cash flow forecast in the range of $530 to $620 million, reflecting 6 percent growth at the midpoint versus 2020 *Continues to expect to repurchase $400 to $500 million of FMC shares in 2021 FMC Corporation (NYSE:FMC) today reported first quarter 2021 revenue of $1.2 billion, a decrease of 4 percent versus first quarter 2020. Excluding a slight tailwind from foreign currencies, revenue declined 5 percent organically. On a GAAP basis, the company reported earnings of $1.40 per diluted share in the first quarter, a decrease of 11 percent versus first quarter 2020. First quarter adjusted earnings were $1.53 per diluted share, a decrease of 17 percent versus first quarter 2020. To read the entire report click here. Tweet |
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