The chart below shows how FMC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FMC sees a +1.37% change in stock price 10 days leading up to the earnings, and a -6.20% change 10 days following the report. On the earnings day itself, the stock moves by -0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Per Share Beat: FMC Corporation reported Q4 2024 EPS of $1.79, exceeding expectations of $1.65, reflecting strong financial performance.
Q4 Revenue Increase: Q4 revenue reached $1.22 billion, a 7% increase year-over-year, driven primarily by volume gains in the growth portfolio, which accounted for over 75% of the growth.
Record EBITDA Growth: Fourth quarter EBITDA was $339 million, representing a 33% increase compared to the previous year, and achieving an all-time high EBITDA margin of 27.7%.
Free Cash Flow Surge: Free cash flow for full-year 2024 was $614 million, an increase of more than $1.1 billion compared to the prior year, driven by improved cash from operations and reduced capital expenditures.
Growth Portfolio Projections: The growth portfolio is expected to grow at an annual rate of about 24% from 2024 to 2027, with new active ingredients projected to reach $600 million in sales by 2027.
Negative
Q4 Revenue Shortfall: Q4 revenue of $1.22 billion was below guidance, indicating a need for aggressive actions to reposition FMC and lower channel inventory significantly.
Sales Forecast Overview: 2025 sales are expected to be flat to prior year at the midpoint, with a forecasted decline of 16% in Q1 due to negative pricing, FX, and volume impacts.
Sales Decline Challenges: Full-year 2024 sales declined 5% as lower pricing and FX headwinds offset higher volume gains, indicating challenges in maintaining revenue growth.
EBITDA Impact from FX Headwinds: 2025 EBITDA is projected to be negatively impacted by $65 million to $75 million from FX headwinds, reflecting a more normalized relationship between FX impacts and EBITDA compared to 2024.
Free Cash Flow Decline: Free cash flow for 2025 is expected to decrease by $314 million at the mid-point, indicating a significant drop in cash generation capabilities compared to 2024.
FMC Corporation (NYSE:FMC) Q4 2024 Earnings Call Transcript
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