2023-08-02 16:44:50 ET
- FMC press release ( NYSE: FMC ): Q2 Non-GAAP EPS of $0.50 misses by $0.11 .
- Revenue of $1.01B (-30.3% Y/Y) misses by $10M .
- Adjusted EBITDA of $187.6 million, down 48 percent versus Q2 2022.
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Full-Year Outlook :
- Revenue of $5.20 to $5.40 billion vs. consensus of $5.29B, reflecting a 9 percent decline at the midpoint versus 2022.
- Adjusted EBITDA of $1.30 to $1.40 billion, reflecting a 4 percent decline at the midpoint versus 2022.
- Lowers adjusted earnings per diluted share outlook to $5.86 to $6.80 vs. consensus of $6.33, reflecting 15 percent decrease at the midpoint versus 2022.
- Lowers free cash flow outlook to a midpoint of break even.
For further details see:
FMC misses Q2 top and bottom line estimates; narrows FY23 outlook