FMC Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FMC (NYSE:FMC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.07b (up 8.5% from 3Q 2023).
• Net income: US$65.9m (up by US$61.1m from 3Q 2023).
• Profit margin: 6.2% (up from 0.5% in 3Q 2023).
• EPS: US$0.53 (up from US$0.038 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FMC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

Be aware that FMC is showing 3 warning signs in our investment analysis and 2 of those are a bit concerning...

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