Expects FY24 adjusted EPS to grow faster than adjusted EBITDA in 2024, consensus $4.44. Sees FY24 adjusted EBITDA $1.025B-$1.125B, reflecting 8% increase midpoint to midpoint from latest 2023 guidance. Sees $50M-$75M of adjusted EBITDA contribution in 2024 from restructuring actions with approximately $150M of run-rate savings by the end of 2025. Sees FY24 return on invested capital over 10%, free cash flow conversion of over 100%.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FMC:
- FMC Corporation outlines new strategic growth plan
- FMC Corporation to introduce strategic growth plan at Investor Day, details cost restructuring and provides preliminary 2024 outlook
- FMC Corporation to host analyst day
- FMC Corporation price target lowered to $61 from $80 at RBC Capital
- FMC Corporation price target lowered to $58 from $63 at BofA