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FMC (FMC) - 2025 Q1 - Quarterly Report
2025-05-02 02:11
2025年第一季度营收情况 - 2025年第一季度营收7.914亿美元,较上年同期减少1.266亿美元,约14% [204] - 2025年第一季度营收7.914亿美元,较去年同期减少1.266亿美元,约14%,价格下降9%,销量除拉丁美洲外均下降,外币带来约4%的不利影响[218] 各地区销售情况 - 各地区销售情况:北美下降约28%,亚洲下降约24%,欧洲、中东和非洲下降约11%,拉丁美洲增长约10% [204] 2025年第一季度毛利润情况 - 2025年第一季度毛利润3.167亿美元,较上年同期减少2300万美元,毛利率从约37%提升至约40% [204] - 2025年第一季度毛利润3.167亿美元,较去年同期减少2300万美元,约7%,毛利率从约37%增至约40%[224] 费用变化情况 - 销售、一般和行政费用从1.639亿美元增至1.72亿美元,约5%;研发费用从6090万美元增至6870万美元,13% [204] - 2025年第一季度销售、一般和行政费用为1.72亿美元,较去年同期增加810万美元,增幅5%[225] - 2025年第一季度研发费用为6870万美元,较去年同期增加780万美元,增幅13%[226] - 2025年第一季度折旧和摊销为4370万美元,较去年同期减少200万美元,降幅4%[227] - 2025年第一季度净利息费用为5010万美元,较去年同期减少1160万美元,降幅19%[228] 2025年第一季度盈利情况 - 2025年第一季度归属于公司股东净亏损1550万美元,较上年同期增加1280万美元 [204] - 调整后税后持续经营业务盈利2240万美元,较上年同期的4540万美元减少约51% [204] - 2025年第一季度调整后EBITDA为1.197亿美元,较去年同期减少4090万美元,约25%[241] 2025年全年预计情况 - 预计2025年营收在41.5亿 - 43.5亿美元,中点与2024年基本持平,排除业务剥离影响增长3% [205] - 预计2025年调整后EBITDA在8.7亿 - 9.5亿美元,中点较2024年增长1%,排除业务剥离影响增长4% [205] - 预计2025年调整后每股收益在3.26 - 3.70美元,中点与2024年基本持平 [205] - 2025年全年调整后EBITDA预计在8.7亿 - 9.5亿美元之间,中点较2024年增长1%[242] - 公司预计2025年自由现金流(非公认会计原则)在2亿 - 4亿美元之间,预计环境支出在8500万 - 1.05亿美元之间[274][278] - 2025年预计支付重组和资产报废义务款项约7000万至9000万美元,项目期间预计产生约3.75亿至4.25亿美元税前重组费用,含9000万至1亿美元非现金资产冲销费用,未来几年预计支付约1.5亿美元现金[279] - 2024年实现成本效益1.65亿美元,项目全面实施后到2025年底目标年化节约成本超2.25亿美元[279] - 2025年预计资本支出约1.05亿至1.15亿美元,主要用于新产品投资[280] - 2025年除股权补偿计划相关购买外,预计无股份回购[281] 2025年第一季度有机收入情况 - 2025年第一季度有机收入变化(非GAAP)为 - 10% [213] 2025年3月31日相关财务指标 - 2025年3月31日结束的12个月,归属FMC股东的净利润为32830万美元,ROIC分子为60970万美元,ROIC为3.85%,调整后ROIC为7.16%[216] - 2025年3月31日和2024年12月31日,公司现金及现金等价物分别为3.153亿美元和3.573亿美元,其中2025年3月31日有2.98亿美元由海外子公司持有[245] - 2025年3月31日和2024年12月31日,公司总债务分别为40.035亿美元和33.653亿美元,长期债务分别为30.277亿美元和30.279亿美元,短期债务中外币借款分别为1.991亿美元和1.357亿美元,未偿还商业票据分别为6.948亿美元和1.256亿美元[246] - 2025年3月31日,公司信贷安排剩余借款额度为10.951亿美元,商业票据借款为6.948亿美元,借款平均实际利率为5.1%[248] - 2025年3月31日金融工具净负债为840万美元,2024年12月31日为净资产3410万美元,主要因外汇投资组合波动[290] - 假设能源市场价格瞬时变动10%,2025年3月31日和2024年12月31日无未平仓商品合约,未进行商品价格风险敏感性分析[291] - 假设外汇汇率瞬时变动10%,2025年3月31日净负债840万美元,10%升值时为8140万美元,10%贬值时为3200万美元;2024年12月31日净资产3410万美元,10%升值时为5080万美元,10%贬值时为 - 820万美元[293][294] - 2025年3月31日和2024年12月31日无未到期利率互换合约,未进行利率风险敏感性分析[295] - 2025年3月31日债务组合中78%为固定利率债务,22%为浮动利率债务,利率变动1个百分点,2025年第一季度利息费用变动220万美元[296][297] 现金流情况 - 2025年和2024年第一季度,持续经营业务经营活动提供(使用)的现金分别为 -5.45亿美元和 -1.429亿美元[251] - 2025年第一季度,公司在巴西收回约1.532亿美元应收账款[258] - 2025年和2024年第一季度,终止经营业务经营活动提供(使用)的现金分别为 -0.133亿美元和 -0.215亿美元[259] - 2025年和2024年第一季度,持续经营业务投资活动提供(使用)的现金分别为 -0.38亿美元和 -0.237亿美元[261] - 2025年和2024年第一季度,持续经营业务融资活动提供的现金分别为5.521亿美元和3.057亿美元[262] - 2025年和2024年第一季度,自由现金流(非公认会计原则)分别为 -5.957亿美元和 -1.878亿美元[267] 股息支付情况 - 2025年3月31日和2024年3月31日三个月分别支付股息7270万美元和7250万美元,2025年4月17日支付股息7280万美元,预计继续按季度支付[282] 2025年第一季度重组费用情况 - 2025年第一季度公司预计在项目焦点重组计划中产生3.75亿 - 4.25亿美元的税前重组费用[230]
FMC Corporation (FMC) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-02 00:27
FMC Corporation (NYSE:FMC) Q1 2025 Earnings Conference Call May 1, 2025 9:00 AM ET Company Participants Curt Brooks - Director of IR Pierre Brondeau - Chairman and CEO Andrew Sandifer - EVP and CFO Ronaldo Pereira - President Conference Call Participants Aleksey Yefremov - KeyBanc Joel Jackson - BMO Capital Edgar Rodriguez - Mizuho Daniel Rizzo - Jefferies Chris Parkinson - Wolfe Research Benjamin Theurer - Barclays Patrick Cunningham - Citigroup Vincent Andrews - Morgan Stanley Lucas Beaumont - UBS Frank M ...
Why FMC Stock Dropped Today
The Motley Fool· 2025-05-01 23:27
Guidance spooks FMC investors despite a big earnings beat last night.FMC (FMC -7.13%) stock tumbled 6.5% through 10:55 a.m. ET this morning, despite soundly beating earnings expectations last night.Heading into the quarterly report, analysts expected FMC to earn $0.09 per share, adjusted for one-time items, on $784 million in revenue. In fact, FMC earned twice what it was "supposed to" -- $0.18 per share, and its sales came in at a strong $791.4 million. FMC Q1 earningsBut it's hard to call FMC's news "good ...
FMC (FMC) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:00
FMC (FMC) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, this is the operator. Today's FMC Corporation conference call is scheduled to begin momentarily. If you should experience difficulties during today's call, please signal a conference specialist by pressing the star key followed by zero. Your lines will be placed Good morning, and welcome to the First Quarter twenty twenty five Earnings Call for the FMC Corporation. This event is being recorded. All participants are in a ...
FMC Corp's Earnings and Revenues Surpass Estimates in Q1
ZACKS· 2025-05-01 20:30
FMC Corporation (FMC) reported a loss of 12 cents per share for first-quarter 2025. This compares unfavorably to loss of 2 cents incurred in the year-ago quarter.Barring one-time items, adjusted earnings per share were 18 cents, beating the Zacks Consensus Estimate of 8 cents.Revenues were $791.4 million in the quarter, down around 13.8% from the year-ago quarter’s levels. The top line beat the Zacks Consensus Estimate of $779 million.The top line fell due to a price decline of 9%, more than half of which w ...
FMC (FMC) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-01 07:10
FMC (FMC) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 125%. A quarter ago, it was expected that this chemical producer would post earnings of $1.61 per share when it actually produced earnings of $1.79, delivering a surprise of 11.18%.Over the last four quarters, the company has s ...
FMC (FMC) - 2025 Q1 - Earnings Call Presentation
2025-05-01 05:58
Q1 2025 Earnings Presentation May 1, 2025 Q1 2025 Earnings Presentation FMC CORPORATION 1 Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this presentation are forward- looking statements that are based on our current views and assumptions regarding future events, future business conditions and the outlook for our company based on currently available information. In some cases, you can identify these forward-looking statement ...
FMC (FMC) - 2025 Q1 - Quarterly Results
2025-05-01 04:47
Exhibit 99.1 FMC Corporation 2929 Walnut Street Philadelphia, PA 19104 USA 215.299.6000 fmc.com • Revenue of $791 million, down 14 percent versus Q1 2024, down 10 percent organically 1 • Consolidated GAAP net loss of $16 million, a decline of $13 million versus Q1 2024 • Adjusted EBITDA of $120 million, down 25 percent versus Q1 2024 • Consolidated GAAP loss of $0.12 per diluted share, down 10 cents versus Q1 2024 • Adjusted earnings per diluted share of $0.18, down 50 percent versus Q1 2024 Media contact: ...
FMC Corporation delivers first quarter results at higher end of guidance range, reaffirms full-year outlook
Prnewswire· 2025-05-01 04:30
Order patterns in Q1 largely in line with Company expectations as customer inventory of FMC products reaches targeted levels in most countriesFirst Quarter 2025 Highlights Revenue of $791 million, down 14 percent versus Q1 2024, down 10 percent organically1 Consolidated GAAP net loss of $16 million, a decline of $13 million versus Q1 2024 Adjusted EBITDA of $120 million, down 25 percent versus Q1 2024 Consolidated GAAP loss of $0.12 per diluted share, down 10 cents versus Q1 2024 Adjusted earnings per dilu ...
FMC Corporation announces election of Steven Merkt to Board of Directors
Prnewswire· 2025-04-30 04:30
PHILADELPHIA, April 29, 2025 /PRNewswire/ --FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of Steven Merkt to the company's Board of Directors, effective April 29, 2025. Merkt will serve on the Audit and Nominating and Corporate Governance Committees. "We are pleased to welcome Steven to FMC's Board of Directors," said Pierre Brondeau, FMC chairman and chief executive officer. "His proven track record of driving growth and operational excellence f ...