Fmc corporation announces first quarter 2021 results in line with expectations and maintains strong full-year growth outlook

Philadelphia, may 5, 2021 /prnewswire/ -- 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 full-year outlook 2 maintains revenue forecast in the range of $4.9 to $5.1 billion, reflecting 8 percent growth at the midpoint versus 2020 maintains adjusted ebitda forecast in the range of $1.32 to $1.42 billion, reflecting 10 percent growth 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 fmc corporation (nyse:fmc) today reported first quarter 2021 revenue of $1.2 billion, a decrease of 4 percent versus first quarter 2020. excluding a slight tailwind from foreign currencies, revenue declined 5 percent organically.
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