Earnings release
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FMC News Release For Release : Immediate ● ● An Agricultural Sciences Company ● ● FMC Corporation 2929 Walnut Street Philadelphia , PA 19104 USA FMC Corporation Announces Second Quarter 2021 Results In Line with Expectations Second Quarter 2021 Highlights Revenue of $ 1.2 billion , an increase of 8 percent versus Q2 2020 and up 4 percent organically¹ Consolidated GAAP net income of $ 203 million , up 10 percent versus Q2 2020 Adjusted EBITDA of $ 347 million , up 2 percent versus Q2 2020 Consolidated GAAP earnings of $ 1.56 per diluted share , up 11 percent versus Q2 2020 Consolidated adjusted earnings per diluted share of $ 1.81 , up 5 percent versus Q2 2020 Share repurchases of $ 25 million ● 215.299.6000 fmc.com Media contact : Emily Parenteau +1.215.299.6288 emily.parenteau@fmc.com 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 Investor contact : Zack Zaki +1.215.299.5899 zack.zaki@fmc.com Lowers adjusted EBITDA forecast to a range of $ 1.29 to $ 1.35 billion , reflecting 6 percent growth at the midpoint versus 2020 , driven by accelerating costs Updates 2021 adjusted earnings forecast to a range of $ 6.54 to $ 6.94 per diluted share , reflecting 9 percent growth at the midpoint versus 2020 , excluding any impact from future share repurchases Updates free cash flow forecast to a range of $ 480 to $ 570 million , reflecting a 4 percent decline at the midpoint versus 2020 Expects to repurchase $ 350 to $ 450 million of FMC shares in 2021 PHILADELPHIA , August 3 , 2021 – FMC Corporation ( NYSE : FMC ) today reported second quarter 2021 revenue of $ 1.2 billion , an increase of 8 percent versus second quarter 2020. Excluding a tailwind from foreign currencies , revenue increased 4 percent organically . On a GAAP basis , the company reported earnings of $ 1.56 per diluted share in the second quarter , an increase of 11 percent versus second quarter 2020. Second quarter adjusted earnings were $ 1.81 per diluted share , an increase of 5 percent versus second quarter 2020 .