Fmc corporation delivers solid first quarter results and raises full-year adjusted ebitda and adjusted eps guidance

Strong pricing, accelerating new product introductions and cost discipline drove margin expansion in the quarter first quarter 2023 highlights revenue of $1.34 billion, flat versus q1 2022 and up 4 percent organically1 consolidated gaap net income of $196 million, down 7 percent versus q1 2022 adjusted ebitda of $362 million, up 2 percent versus q1 2022 consolidated gaap earnings of $1.55 per diluted share, down 6 percent versus q1 2022 adjusted earnings per diluted share of $1.77, down 6 percent versus q1 2022 returned approximately $100 million to shareholders, including $25 million in share repurchases full-year outlook 2 maintains revenue outlook of $6.08 to $6.22 billion, reflecting 6 percent growth at the midpoint versus 2022 raises adjusted ebitda outlook to a range of $1.50 to $1.56 billion, reflecting 9 percent growth at the midpoint versus 2022 raises adjusted earnings per diluted share outlook to $7.34 to $7.94, reflecting 3 percent growth at the midpoint versus 2022, excluding any impact from potential additional share repurchases in 2023 maintains free cash flow outlook of $530 to $720 million philadelphia , may 1, 2023 /prnewswire/ -- fmc corporation (nyse: fmc) today reported first quarter 2023 revenue of $1.34 billion, flat versus first quarter 2022, and up 4 percent organically. on a gaap basis, the company reported earnings of $1.55 per diluted share in the first quarter, a decrease of 6 percent versus first quarter 2022.
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