Fmc corporation delivers record fourth quarter results, guides strong growth for 2022
Philadelphia, feb. 8, 2022 /prnewswire/ -- fourth quarter 2021 highlights revenue of $1.41 billion, an increase of 23 percent versus q4 2020 and up 25 percent organically1 consolidated gaap net income of $187 million, up 296 percent versus q4 2020 adjusted ebitda of $377 million, up 30 percent versus q4 2020 consolidated gaap earnings of $1.52 per diluted share, up 300 percent versus q4 2020 adjusted earnings per diluted share of $2.16, up 52 percent versus q4 2020 share repurchases of $100 million full-year 2021 highlights revenue of $5.05 billion, reflecting 9 percent growth and 8 percent organic growth1 consolidated gaap net income of $734 million, up 33 percent versus 2020 adjusted ebitda of $1.324 billion, up 6 percent versus 2020 consolidated gaap earnings of $5.70 per diluted share, up 35 percent versus 2020 adjusted earnings per diluted share of $6.93, up 12 percent versus 2020 consolidated gaap cash flow from operations of $899 million, up 22 percent versus 2020 free cash flow of $713 million, up 31 percent versus 2020 returned over $645 million to shareholders, including $400 million in share repurchases full-year 2022 outlook 2 revenue in the range of $5.25 to $5.55 billion, reflecting 7 percent growth at the midpoint versus 2021 adjusted ebitda in the range of $1.32 to $1.48 billion, reflecting 6 percent growth at the midpoint versus 2021 adjusted earnings per diluted share are expected to be in the range of $6.80 to $8.10, reflecting 8 percent growth at the midpoint versus 2021, excluding any impact from potential 2022 share repurchases free cash flow is expected to be in the range of $515 to $735 million company expects to repurchase $500 to $600 million of fmc shares in 2022 fmc corporation (nyse:fmc) today reported record fourth quarter 2021 results with revenue of $1.41 billion, an increase of 23 percent versus fourth quarter 2020, driven by strong demand and pricing actions. excluding the impact of foreign exchange, year-over-year sales grew 25 percent organically.
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