FMC Corporation Provides Preliminary 2024 Outlook, Expects Revenue Of $4.65B-$4.85B, Adjusted EBITDA Of $1.025B-$1.125B And Free Cash Flow Conversion Of Over 100 Percent
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has released its preliminary outlook for 2024, projecting revenues between $4.65 billion and $4.85 billion, adjusted EBITDA of $1.025 billion to $1.125 billion, and a free cash flow conversion rate of over 100 percent.
November 17, 2023 | 12:35 pm
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POSITIVE IMPACT
FMC Corporation anticipates robust financial performance in 2024 with projected revenues of $4.65B-$4.85B, adjusted EBITDA of $1.025B-$1.125B, and free cash flow conversion exceeding 100%.
The positive preliminary outlook for 2024 suggests strong future performance for FMC Corporation, which is likely to be well-received by investors. The anticipated increase in revenues and EBITDA, along with a free cash flow conversion rate of over 100 percent, indicates operational efficiency and profitability that could lead to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100