2023-05-01 16:39:55 ET
- FMC press release ( NYSE: FMC ): Q1 Non-GAAP EPS of $1.77 beats by $0.03 .
- Revenue of $1.34B (-0.7% Y/Y) misses by $90M .
- Adjusted EBITDA of $362 million, up 2 percent versus Q1 2022
- Returned approximately $100 million to shareholders, including $25 million in share repurchases
- FY Outlook: Maintains revenue outlook of $6.08 to $6.22 billion, reflecting 6 percent growth at the midpoint versus 2022
- Raises adjusted EBITDA outlook to a range of $1.50 to $1.56 billion, reflecting 9 percent growth at the midpoint versus 2022
- Raises adjusted earnings per diluted share outlook to $7.34 to $7.94, reflecting 3 percent growth at the midpoint versus 2022, excluding any impact from potential additional share repurchases in 2023
- Maintains free cash flow outlook of $530 to $720 million.
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FMC Non-GAAP EPS of $1.77 beats by $0.03, revenue of $1.34B misses by $90M