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FMC Corp. Raises Q4 Adj. Earnings Guidance; Initiates FY19 Outlook - Quick Facts


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(RTTNews.com) - FMC Corp. ( FMC ) announced it expects fourth-quarter adjusted earnings to be in a range of $1.62 to $1.67 per share, which compares to prior guidance of $1.33 to $1.43 per share. The company raised guidance primarily due to outperformance in Agricultural Solutions and lower than expected taxes. Agricultural Solutions segment revenue was up 18 percent from prior year, on a pro forma basis, versus prior guidance of 12 percent growth. A significantly lower tax rate is expected to contribute an additional $0.15 to $0.20 incremental adjusted earnings per share versus midpoint of prior guidance.

For full-year 2019, excluding Lithium, FMC expects revenue to grow by 4 to 6 percent versus pro forma 2018 revenue, and it expects total company EBITDA growth of 5 to 9 percent versus pro forma 2018. FMC expects 2019 adjusted earnings per share to be in the range of $5.55 to $5.75, excluding any impact from share repurchases in 2019.


Read the original article on RTTNews (http://www.rttnews.com/2975010/fmc-corp-raises-q4-adj-earnings-guidance-initiates-fy19-outlook-quick-facts.aspx)


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This article appears in: Fundamental Analysis , Stocks , Earnings
Referenced Symbols: FMC




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