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FMC Corp. (NYSE:FMC) +1.4% pre-market Thursday after setting upsized guidance for FY 2024, now saying it expects revenues of $4.65B-$4.85B, up 3% at the midpoint from its previous guidance and above $4.65B analyst consensus estimate.
FMC (FMC) also guided for FY 2024 adjusted EBITDA of $1.025B-$1.125B, up 8% at the midpoint from guidance for 2023, and adding that it expects adjusted EPS will grow faster than adjusted EBITDA.
Analysts are expecting FY 2024 adjusted EPS of $4.63, growing from an estimated $3.94 in 2023.
The company also targeted return on invested capital of more than 10% and free cash flow conversion of more than 100%.
For 2026, FMC (FMC) said it is aiming for revenues of $5.5B-$6B, adjusted EBITDA of $1.3B-$1.5B, and return on invested capital in the mid-teens percent.
FMC, which is holding an investor day Thursday, cut its guidance in October to reflect weakness in Latin America.
