FMC Corp Q3 2022 Earnings Call Summary - Thomson StreetEvents

FMC Corp Q3 2022 Earnings Call Summary

FMC Corp Q3 2022 Earnings Call Summary - Thomson StreetEvents
FMC Corp Q3 2022 Earnings Call Summary
Published Nov 02, 2022
19 pages (10965 words) — Published Nov 02, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FMC.N earnings conference call or presentation 2-Nov-22 1:00pm GMT

  
Brief Excerpt:

...A. Highlights: FMC's strong growth continued in 3Q with robust start to Latin American season and solid pricing actions across all regions driving results. 1. 2. New products gained momentum, growing 26% YoverY. 3. As expected, 3Q saw highest YoverY cost inflation for 2022. a. Looking to 4Q, seeing sequentially lower inflation across supply chain. i. With this in mind, expects strong finish to year and remains confident in Co.'s ability to deliver 4Q and full-year forecast. B. Results: Revenue up 19% organically, EBITDA down 11%, and EPS down 14%. 1. As expected, these declines were driven by highest cost inflation this year, which more than offset good start to Latin American season and avg. global price increases of 7%. a. 2. Adjusted earnings $1.23 per diluted share, $0.13 above midpoint of guidance range with vast majority of outperformance driven by higher EBITDA. 3. Double-digit YoverY growth across portfolio, including growth of: 23% in herbicides. a. b. 19% in fungicides. c. 10%...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
FMC Corp
Ticker
FMC.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "FMC Corp Q3 2022 Earnings Call Summary" Nov 02, 2022. Alacra Store. May 07, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-FMC-Corp-Earnings-Call-B15342634>
  
APA:
Thomson StreetEvents. (2022). FMC Corp Q3 2022 Earnings Call Summary Nov 02, 2022. New York, NY: Alacra Store. Retrieved May 07, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-FMC-Corp-Earnings-Call-B15342634>
  
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