Global Agriculture

FMC Corporation to introduce strategic growth plan at Investor Day, details cost restructuring and provides preliminary 2024 outlook

Share this

2024 Full-Year Preliminary Outlook 1

  • Revenue of $4.65 billion to $4.85 billion, reflecting 3 percent increase midpoint to midpoint from latest 2023 guidance
  • Adjusted EBITDA of $1.025 billion to $1.125 billion, reflecting 8 percent increase midpoint to midpoint from latest 2023 guidance
  • $50 million to $75 million of adjusted EBITDA contribution in 2024 from restructuring actions with approximately $150 million of run-rate savings by the end of 2025
  • Adjusted earnings per share expected to grow faster than adjusted EBITDA in 2024
  • Return on invested capital over 10 percent
  • Free cash flow conversion of over 100 percent
  • Expect to end 2024 approaching historically normal leverage metrics

2026 Goals 1

  • Revenue of $5.5 billion to $6.0 billion
  • Adjusted EBITDA of $1.3 billion to $1.5 billion
  • Adjusted earnings per share are expected to grow faster than adjusted EBITDA
  • Free cash flow conversion on rolling three-year average of at least 70 percent
  • Return on invested capital in the mid-teens percent
  • Target approximately 2X net debt to adjusted EBITDA on a rolling four quarter average basis

17 November 2023, Philadelphia: FMC Corporation (NYSE:FMC) will host its Investor Day later today at FMC corporate headquarters in Philadelphia where the company will outline its long-range strategic growth plan, including updated long-term financial targets, a review of the company’s R&D pipeline and a discussion about FMC’s newest synthetic and biological product portfolios.

In addition, the company will further detail its restructuring plan and provide a preliminary outlook for 2024.

“We are confident our industry-leading R&D pipeline and history of driving profitability from existing molecules through patented formulation innovation, combined with our leading position in biologicals, will drive strong revenue and earnings growth through 2026 and beyond,” said Mark Douglas, president and chief executive officer. “We’re looking forward to sharing our strategy for the mid- and long-term today at our Investor Day.” 

Agenda and anticipated timing for Investor Day:

10:00 AMBusiness Showcase
12:30 PMPlenary session presentations and webcast begin
12:35 PMMark Douglas (President, Chief Executive Officer)
12:55 PMDiane Allemang (Executive Vice President, Chief Marketing Officer)
1:25 PMDr. Seva Rostovtsev (Vice President, Chief Technology Officer) 
1:40 PMRonaldo Pereira (Executive Vice President and President, Americas)
1:55 PMDr. Bénédicte Flambard (Vice President, Plant Health)
2:10 PMBreak
2:25 PMThaisa Hugenneyer (Vice President, Procurement, Facilities & Logistics)
2:40 PMAndrew Sandifer (Executive Vice President, Chief Financial Officer)
3:10 PMMark Douglas (President, Chief Executive Officer)
3:15 PMQ&A
4:00 PMEvent ends

The Investor Day is at full capacity and walk-up registration is not accepted.  A live webcast of the plenary session will be open to the public and accessible via The presentations will be made available on the FMC website today, November 16, 2023, at approximately 12:00 p.m. ET. The prepared remarks and a summary of the business showcase materials will be posted after the event ends.  The full webcast will be archived for one year on FMC’s website.

Also Read: Boosting Millet Production: ICRISAT Joins Forces with the Assam Millet Mission

(For Latest Agriculture News & Updates, follow Krishak Jagat on Google News)

Share this