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FMC Corporation Announces First Quarter 2021 Results In Line with Expectations and Maintains Strong Full-Year Growth Outlook


First Quarter 2021 Highlights
Revenue of $1.2 billion, a decrease of 4 percent versus Q1 2020 and down 5 percent organically
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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
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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 ....

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FMC Corporation Reports Fourth Quarter Results In-Line with Pre-Release and 2021 Guidance Reflects Strong Growth


Fourth Quarter 2020 Highlights
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Adjusted EBITDA of $290 million, down 9 percent versus Q4 2019
GAAP earnings of $0.38 per diluted share, versus a loss of $0.02 per diluted share in Q4 2019
Adjusted earnings per diluted share of $1.42, down 19 percent versus Q4 2019
Full-Year 2020 Highlights
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Adjusted EBITDA of $1.25 billion, up 2 percent versus 2019
GAAP earnings of $4.22 per diluted share, up 17 percent versus 2019
Adjusted earnings per diluted share of $6.19, up 2 percent versus 2019
GAAP cash flow from operations of $737 million, up 33 percent versus 2019
Free cash flow of $544 million, up 80 percent versus 2019
Full-Year 2021 Outlook
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Revenue in the range of $4.9 to $5.1 billion, reflecting 8 percent growth at the midpoint versus 2020
Adjusted EBITDA in the range of $1.32 to $1.42 billion, reflecting 10 percent growth at the midpoint versus 2020 ....

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