Earnings release
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FMC News Release For Release : Immediate ● ● ● FMC Corporation Announces First Quarter 2021 Results In Line with Expectations and Maintains Strong Full - Year Growth Outlook ● An Agricultural Sciences Company First Quarter 2021 Highlights Revenue of $ 1.2 billion , a decrease of 4 percent versus Q1 2020 and down 5 percent organically¹ Consolidated GAAP net income of $ 183 million , down 11 percent versus Q1 2020 Adjusted EBITDA of $ 307 million , down 14 percent versus Q1 2020 Consolidated GAAP earnings of $ 1.40 per diluted share , down 11 percent versus Q1 2020 Consolidated adjusted earnings per diluted share of $ 1.53 , down 17 percent versus Q1 2020 Share repurchases of $ 75 million ● ● FMC Corporation 2929 Walnut Street Philadelphia , PA 19104 USA ● 215.299.6000 fmc.com ● Media contact : Emily Parenteau +1.215.299.6288 Full - Year Outlook² Maintains revenue forecast in the range of $ 4.9 to $ 5.1 billion , reflecting 8 percent growth at the midpoint versus 2020 emily.parenteau@fmc.com Investor contact : Michael Wherley +1.215.299.6543 michael.wherley@fmc.com Maintains adjusted EBITDA forecast in the range of $ 1.32 to $ 1.42 billion , reflecting 10 percent wth at the midpoint versus 2020 Raises 2021 adjusted earnings forecast to a range of $ 6.70 to $ 7.40 per diluted share , reflecting 14 percent growth at the midpoint versus 2020 , excluding any impact from future share repurchases Maintains free cash flow forecast in the range of $ 530 to $ 620 million , reflecting 6 percent growth at the midpoint versus 2020 Continues to expect to repurchase $ 400 to $ 500 million of FMC shares in 2021 PHILADELPHIA , May 5 , 2021 - FMC Corporation ( NYSE : FMC ) today reported first quarter 2021 revenue of $ 1.2 billion , a decrease 4 percent versus first quarter 2020. Excluding a slight tailwind foreign currencies , revenue declined 5 percent organically . On a GAAP basis , the company reported earnings of $ 1.40 per diluted share in the first quarter , a decrease of 11 percent versus first quarter 2020 . First quarter adjusted earnings were $ 1.53 per diluted share , a decrease of 17 percent versus first quarter 2020 .