--- title: "FMC | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 1.051 B" type: "news" locale: "en" url: "https://longbridge.com/en/news/251059647.md" published_at: "2025-07-31T20:20:14.000Z" --- # FMC | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 1.051 B 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. ### Revenue - **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. - **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. ### Gross Margin - **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%. - **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%. ### Selling, General and Administrative Expenses - **Three Months Ended June 30, 2025 vs. 2024**: SG&A expenses increased to $176.8 million from $164.8 million. - **Six Months Ended June 30, 2025 vs. 2024**: SG&A expenses rose to $348.8 million from $328.7 million. ### Research and Development Expenses - **Three Months Ended June 30, 2025 vs. 2024**: R&D expenses decreased to $66.4 million from $75.9 million. - **Six Months Ended June 30, 2025 vs. 2024**: R&D expenses slightly decreased to $135.1 million from $136.8 million. ### Restructuring and Other Charges (Income) - **Three Months Ended June 30, 2025 vs. 2024**: Total restructuring and other charges decreased significantly to $36.7 million from $95.1 million. - **Six Months Ended June 30, 2025 vs. 2024**: Total restructuring and other charges decreased to $54.5 million from $136.0 million. ### Depreciation and Amortization - **Three Months Ended June 30, 2025 vs. 2024**: Depreciation and amortization slightly decreased to $43.4 million from $44.3 million. - **Six Months Ended June 30, 2025 vs. 2024**: Depreciation and amortization decreased to $87.1 million from $90.0 million. ### Interest Expense, Net - **Three Months Ended June 30, 2025 vs. 2024**: Interest expense, net decreased to $61.0 million from $63.6 million. - **Six Months Ended June 30, 2025 vs. 2024**: Interest expense, net decreased to $111.1 million from $125.3 million. ### Non-Operating Pension, Postretirement and Other Charges (Income) - **Three Months Ended June 30, 2025 vs. 2024**: Non-operating pension, postretirement and other charges increased to $6.6 million from $4.2 million. - **Six Months Ended June 30, 2025 vs. 2024**: These charges increased to $9.8 million from $8.5 million. ### Provision for Income Taxes - **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%. - **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%. ### Discontinued Operations, Net of Income Taxes - **Three Months Ended June 30, 2025 vs. 2024**: Discontinued operations, net of income taxes was $23.4 million compared to -$2.8 million. - **Six Months Ended June 30, 2025 vs. 2024**: Discontinued operations, net of income taxes was $16.4 million compared to -$15.3 million. ### Net Income (Loss) - **Three Months Ended June 30, 2025 vs. 2024**: Net income decreased to $67.8 million from $295.2 million. - **Six Months Ended June 30, 2025 vs. 2024**: Net income decreased to $52.2 million from $292.1 million. ### Adjusted EBITDA (Non-GAAP) - **Three Months Ended June 30, 2025 vs. 2024**: Adjusted EBITDA increased to $206.5 million from $201.7 million. - **Six Months Ended June 30, 2025 vs. 2024**: Adjusted EBITDA decreased to $326.2 million from $362.3 million. ### Free Cash Flow (Non-GAAP) - **Six Months Ended June 30, 2025 vs. 2024**: Free cash flow was -$556.0 million compared to $92.6 million. ### Future Outlook and Strategy - **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. 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