FMC Corporation (NYSE:FMC) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET
Company Participants
Curt Brooks - Director of IR
Pierre Brondeau - Chairman and the CEO
Andrew Sandifer - EVP and CFO
Ronaldo Pereira - President
Conference Call Participants
Christopher Parkinson - Wolfe Research Partners
Josh Spector - UBS
Vincent Andrews - Morgan Stanley
Arun Viswanathan - RBC Capital
Frank Mitsch - Fermium Research
Richard Garchitorena - Wells Fargo
Edlain Rodriguez - Mizuho
Benjamin Theurer - Barclays
Operator
Good morning and welcome to the Second Quarter 2024 Earnings Call for FMC Corporation. This event is being recorded and all participants are in listen-only mode. [Operator Instructions]. After today's prepared remarks, there will be an opportunity to ask questions. [Operator Instructions]. I would now like to turn the conference over to Mr. Curt Brooks, Director of Investor Relations for FMC Corporation. Please go ahead.
Curt Brooks
Good morning, everyone and welcome to FMC Corporation's second quarter earnings call. Joining me today are Pierre Brondeau, Chairman and the Chief Executive Officer, Andrew Sandifer, Executive Vice President and Chief Financial Officer, and Ronaldo Pereira, President. Following our prepared remarks we will take questions. Our earnings released in today's slide presentation are available on our website and the prepared remarks from today's discussion will be made available after the call.
Let me remind you that today's presentation and discussion will include forward-looking statements that are subject to various risks and uncertainties concerning specific factors including but not limited to those factors identified in our earnings release and in our filings with the Securities and Exchange Commission. Information presented represents our best judgment based on today's understanding.
Actual results may vary based upon these risks and uncertainties. Today's discussion and the supporting materials will include references to adjusted EPS, adjusted EBITDA, adjusted cash from operations, free cash flow, and organic revenue growth, all of which are non-GAAP financial measures. Please note that as used in today's discussion, earnings means adjusted earnings and EBITDA means adjusted EBITDA.
A reconciliation and definition of these terms as well as other non-GAAP financial terms to which we may refer during today's conference call are provided on our website. With that I'll now turn the call over to Pierre.
Pierre Brondeau
Thank you, Curt. And good morning, everyone. Since resuming the CEO role, I have taken an in-depth look at the company and the crop protection market which has led to revise full year outlook. To share my views, today's call will be more wide-ranging than a typical earnings call. We delivered a solid Q2 helped by a successful execution of a restructuring program. We expect continued growth in Q3 and Q4 from demand recovery led by the Americas where we expect channel inventory to approach normal levels by year-end. Q2 through Q4 also show higher revenue driven by volume with the rate of growth accelerating in Q4 as we shift into the next crop season.