FMC Corporation (NYSE:FMC) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET

Company Participants

Curt Brooks - Director, IR
Pierre Brondeau - Chairman & CEO
Andrew Sandifer - EVP and CFO
Ronaldo Pereira - President

Conference Call Participants

Joel Jackson - BMO Capital Markets
Aleksey Yefremov - KeyBanc Capital Markets
Kevin McCarthy - VRP
Steve Byrne - Bank of America Merrill Lynch
Laurent Favre - BNP Paribas
Josh Spector - UBS
Chris Parkinson - Wolfe Research
Vincent Andrews - Morgan Stanley
Jeff Zekauskas - JPMorgan
Laurence Alexander - Jefferies
Patrick Cunningham - Citigroup

Operator

Good morning, and welcome to the Third Quarter 2024 Earnings Call for FMC Corporation. This event is being recorded [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. Welcome to FMC Corporation's Third Quarter Earnings Call. Joining me today are Pierre Brondeau, Chairman and 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 release and today's slide presentation are available on our website, and the prepared remarks and 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.

I'll now turn the call over to Pierre.

Pierre Brondeau

Thank you, Curt, and good morning, everyone. Before we get into the details of the third quarter and the forward guidance, I want to start by giving an overview of the company's performance and our view of the current market conditions. Overall, we reported a strong third quarter with growth at the top and bottom line. The quarter unfolded mostly as expected in Europe and Asia. However, we operated in a weaker-than-expected market landscape in Latin America, which was offset by a stronger-than-anticipated performance in North America.