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FMC Guides FY24 Revenues In Line With Estimates
(RTTNews) - Ahead of its Investor Day later on Thursday, agricultural sciences company FMC Corp. (FMC) initiated preliminary revenue guidance for the full-year 2024 in a range of $4.65 billion to $4.85 billion. It also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2024.
On average, 16 analysts polled by Thomson Reuters expected the company to report revenues of $4.68 billion for the year.
Looking ahead to fiscal 2026, the company now projects revenues between $5.50 billion and $6.0 billion and also expects adjusted earnings per share to grow faster than adjusted EBITDA in 2026.
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FMC Appoints Chairman Pierre Brondeau To Addl. Role Of CEO To Succeed Mark Douglas
Agricultural sciences company FMC Corp. (FMC) announced Tuesday that its Board of Directors has appointed Pierre Brondeau as chief executive officer, in addition to his role as board chairman. He succeeds current president and CEO Mark Douglas, who has stepped down following more than 14 years with the company.
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FMC Slashes Q3 Outlook; Stock Plunges 13%
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its earnings and revenue expectations for the third quarter and revenue forecast for the full-year 2023, mainly driven by substantially lower sales volumes in Latin America, particularly destocking in Brazil and to a lesser degree drought in Argentina.
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FMC Slashes Q2, FY23 Revenue Outlook
Agricultural sciences company FMC Corp. (FMC) on Monday slashed its revenue guidance for the second quarter and full-year 2023, driven by substantially lower-than-expected volumes due to an abrupt and significant reduction in inventory by channel partners in North America, Latin America and EMEA.
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European Economic News Preview: German Ifo Business Confidence Due
Business confidence survey results from Germany and private sector credit from the euro area are the top economic news due on Monday. At 3.00 am ET, household lending from Sweden and monetary aggregates from Norway are due.
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European Shares Seen Higher As US, China Agree Framework Of Trade Deal
European stocks are likely to open higher on Monday after the U.S. and China hailed progress in trade talks in Malaysia.
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Yen Falls Amid Fiscal Worries
The Japanese yen weakened against other major currencies in the Asian session on Monday, as fiscal concerns replaced the Bank of Japan's (BoJ) rate hike expectations.
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Commodity Currencies Rise Amid Risk-on Mood
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday amid increased risk-on mood, as traders remain optimistic the US Fed will cut interest rate by another 50 bps by year-end on easing trade tensions between the U.S. and China and cooler-than-expected US consumer price inflation data. They now look ahead to the Fed's monetary policy announcement later in the week.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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