FMC Corp (FMC) reduces outlook for the fourth quarter of 2020 due to impact on sales in its North America and Latin America businesses.
FMC Corporation (NYSE: FMC) today announced that the company is reducing its fourth quarter 2020 outlook. The company is proceeding through its quarterly close, and based on preliminary results expects fourth quarter revenue of approximately $1.15 billion as compared with prior guidance of $1.23 to $1.29 billion, and fourth quarter adjusted EBITDA in the range of $285 to $295 million as compared with prior guidance of $335 to $355 million. Full-year free cash flow guidance of $475 to $525 million in 2020 remains unchanged. The company expects 2021 outlook at or somewhat above long-range plan targets of 5 to 7 percent revenue growth and 7 to 9 percent adjusted EBITDA growth.
FMC Corporation (NYSE: FMC) today announced it will release its fourth quarter 2020 earnings on Tuesday, February 9, 2021, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.