FMC Corporation reports Q4 adjusted EPS $1.79c, consensus $1.60

Reports Q4 revenue $1.22B, consensus $1.31B. “We delivered solid sales and strong year-on-year adjusted EBITDA growth in the quarter,” said Pierre Brondeau, FMC (FMC) chairman and chief executive officer. “While we saw a good increase in volume, the growth was below our expectations as we learned during the quarter that customers in many countries sought to hold significantly less inventory than they have historically. This dynamic, along with more pronounced FX impacts, acted as a headwind to further growth. Over seventy-five percent of our sales growth came from our growth portfolio. This, together with continued cost discipline, was a key factor in delivering a strong year-over-year increase in adjusted EBITDA, which was above our guidance midpoint.”