FMC Guides FY24 Revenues In Line With Estimates
(RTTNews) - Ahead of its Investor Day later on Thursday, agricultural sciences company FMC Corp. (FMC) initiated preliminary revenue guidance for the full-year 2024 in a range of $4.65 billion to $4.85 billion. It also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2024.
On average, 16 analysts polled by Thomson Reuters expected the company to report revenues of $4.68 billion for the year.
Looking ahead to fiscal 2026, the company now projects revenues between $5.50 billion and $6.0 billion and also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2026.
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FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas
Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.
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831 days ago
FMC Slashes Q3 Outlook; Stock Plunges 13%
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its earnings and revenue expectations for the third quarter and revenue forecast for the full-year 2023, mainly driven by substantially lower sales volumes in Latin America, particularly destocking in Brazil and to a lesser degree drought in Argentina.
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1063 days ago
FMC Slashes Q2, FY23 Revenue Outlook
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its revenue guidance for the second quarter and full-year 2023, driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners in North America, Latin America and EMEA.
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1168 days ago
European Shares Seen Higher As Oil Extends Slide On Diplomacy Hopes
European stocks are seen opening higher on Monday as oil prices extended slide to their lowest levels in more than a week on hopes that diplomatic efforts could help ease tensions in West Asia.
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1h 54min ago
Indian Shares Edge Higher As Oil Prices Ease On Diplomacy Hopes
Indian shares opened higher on Monday, tracking mostly positive cues from other Asian markets after Brent crude prices slipped below $102 a barrel on hopes that diplomatic efforts could help ease tensions in West Asia.
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2h 48min ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market trading on Monday, extending the slight losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in mining stocks partially offset by gains in financial stocks. Most other sectors were mixed.
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4h 10min ago
Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, as crude oil prices continued to fall amid signs of increased diplomatic efforts to resolve the conflict and restore energy flows in the Middle East, easing concerns over global inflation and the prospect of further interest rate hikes. Asian markets closed mostly higher on Friday.
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4h 14min ago
Indian Shares Set For Cautious Open
Indian shares may open flat to slightly lower on Monday despite gains elsewhere across Asia and higher U.S. equity futures as oil prices fell for a fourth day amid ongoing diplomatic efforts to end the U.S.-Iran conflict.
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4h 42min ago
