Fmc corporation announces second quarter results and confirms full-year outlook

Abrupt and unprecedented reductions in inventory by growers and the distribution channel led to significant volume decline despite steady on-the-ground consumption second quarter 2023 highlights revenue of $1.01 billion, down 30 percent versus q2 2022 and down 28 percent organically1 consolidated gaap net income of $32.4 million, down 75 percent versus q2 2022 adjusted ebitda of $187.6 million, down 48 percent versus q2 2022 consolidated gaap earnings of $0.24 per diluted share, down 77 percent versus q2 2022 adjusted earnings per diluted share of $0.50, down 74 percent versus q2 2022 returned approximately $123 million to shareholders, including $50 million in share repurchases full-year outlook 2 revenue of $5.20 to $5.40 billion, reflecting a 9 percent decline at the midpoint versus 2022 adjusted ebitda of $1.30 to $1.40 billion, reflecting a 4 percent decline at the midpoint versus 2022 lowers adjusted earnings per diluted share outlook to $5.86 to $6.80, reflecting 15 percent decrease at the midpoint versus 2022 lowers free cash flow outlook to a midpoint of break even philadelphia , aug. 2, 2023 /prnewswire/ -- fmc corporation (nyse: fmc) today reported second quarter 2023 revenue of $1.01 billion, down 30 percent versus second quarter 2022, and down 28 percent organically. on a gaap basis, the company reported earnings of $0.24 per diluted share in the second quarter, a decrease of 77 percent versus second quarter 2022.
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