FMC Confirms Full-Year Outlook
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has confirmed its full-year outlook, projecting a revenue of $4.48 billion to $4.72 billion, a 21% decline from 2022. The company also expects its adjusted EBITDA to be between $0.97 billion and $1.03 billion, a 29% decrease from the previous year. FMC has lowered its adjusted earnings per diluted share outlook to $3.57 to $4.13, a 48% decrease from 2022. The company's free cash flow outlook has been reduced to a range of negative $860 million to negative $640 million.
October 30, 2023 | 8:40 pm
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FMC Corporation's full-year outlook indicates significant declines in revenue, EBITDA, and adjusted earnings per share. The company's negative free cash flow outlook could also be a concern for investors.
The company's projected declines in revenue, EBITDA, and adjusted earnings per share, along with a negative free cash flow outlook, could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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