FMC (NYSE:FMC) Third Quarter 2024 ResultsKey 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).

earnings-and-revenue-growth

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

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with FMC (at least 2 which don't sit too well with us), and understanding them should be part of your investment process.

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