Revenue: As of FY2025 Q2, the actual value is USD 1.051 B, beating the estimate of USD 996.13 M.EPS: As of FY2025 Q2, the actual value is USD 0.53.EBIT: As of FY2025 Q2, the actual value is USD 119.8 M.<h3>Revenue</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Total revenue increased slightly to $1,050.5 million from $1,038.4 million. North America saw a decrease to $320.9 million from $338.8 million, while Latin America increased to $310.4 million from $307.2 million. EMEA experienced a significant rise to $260.4 million from $201.2 million, and Asia decreased to $158.8 million from $191.2 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Total revenue decreased to $1,841.9 million from $1,956.4 million. North America revenue fell to $507.3 million from $597.9 million, Latin America increased to $517.2 million from $495.2 million, EMEA rose to $533.2 million from $508.0 million, and Asia decreased to $284.2 million from $355.3 million.</li></ul><h3>Gross Margin</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Gross margin increased to $406.3 million from $398.1 million, with the gross margin percentage rising to 39% from 38%.</li><li>Six Months Ended June 30, 2025 vs. 2024: Gross margin decreased to $723.0 million from $737.8 million, but the gross margin percentage remained at 39%.</li></ul><h3>Selling, General and Administrative Expenses</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: SG&amp;A expenses increased to $176.8 million from $164.8 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: SG&amp;A expenses rose to $348.8 million from $328.7 million.</li></ul><h3>Research and Development Expenses</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: R&amp;D expenses decreased to $66.4 million from $75.9 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: R&amp;D expenses slightly decreased to $135.1 million from $136.8 million.</li></ul><h3>Restructuring and Other Charges (Income)</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Total restructuring and other charges decreased significantly to $36.7 million from $95.1 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Total restructuring and other charges decreased to $54.5 million from $136.0 million.</li></ul><h3>Depreciation and Amortization</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Depreciation and amortization slightly decreased to $43.4 million from $44.3 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Depreciation and amortization decreased to $87.1 million from $90.0 million.</li></ul><h3>Interest Expense, Net</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Interest expense, net decreased to $61.0 million from $63.6 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Interest expense, net decreased to $111.1 million from $125.3 million.</li></ul><h3>Non-Operating Pension, Postretirement and Other Charges (Income)</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Non-operating pension, postretirement and other charges increased to $6.6 million from $4.2 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: These charges increased to $9.8 million from $8.5 million.</li></ul><h3>Provision for Income Taxes</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Provision for income taxes was $14.4 million compared to a benefit of -$303.5 million, with the effective tax rate at 24.5% compared to 5,518.2%.</li><li>Six Months Ended June 30, 2025 vs. 2024: Provision for income taxes was $27.9 million compared to a benefit of -$304.9 million, with the effective tax rate at 43.8% compared to -12,196.0%.</li></ul><h3>Discontinued Operations, Net of Income Taxes</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Discontinued operations, net of income taxes was $23.4 million compared to -$2.8 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Discontinued operations, net of income taxes was $16.4 million compared to -$15.3 million.</li></ul><h3>Net Income (Loss)</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Net income decreased to $67.8 million from $295.2 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Net income decreased to $52.2 million from $292.1 million.</li></ul><h3>Adjusted EBITDA (Non-GAAP)</h3><ul><li>Three Months Ended June 30, 2025 vs. 2024: Adjusted EBITDA increased to $206.5 million from $201.7 million.</li><li>Six Months Ended June 30, 2025 vs. 2024: Adjusted EBITDA decreased to $326.2 million from $362.3 million.</li></ul><h3>Free Cash Flow (Non-GAAP)</h3><ul><li>Six Months Ended June 30, 2025 vs. 2024: Free cash flow was -$556.0 million compared to $92.6 million.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>2025 Outlook Update: Revenue guidance, excluding India, is expected to be between $4.08 billion and $4.28 billion, a 2% decrease at the midpoint compared to 2024. Adjusted EBITDA is expected to range from $870 million to $950 million, a 1% increase at the midpoint compared to 2024. Adjusted EPS is expected to be between $3.26 and $3.70 per diluted share, remaining flat at the midpoint compared to 2024.</li></ul>

FMC | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 1.051 B