everyone. and Michael morning you, good Thank
of The Before ahead pivotal of into wanted excited us separating very the company. for as progressing public process XXXX. the business that fourth business Ag a opportunities about results, acquired quarter of was DuPont Lithium we the year to is and outlining integration I well state XXXX the first FMC are a is our
the As to we demand year, expand on the lithium the coming listing our carbonate of prepare hydroxide this to for capacity we second decade. expected lithium will significant half both in capitalize and our in continue
Turning driven to quarter slide EPS operating in revenue $XXX Adjusted EPS up fourth $X.XX was year-over-year. our by XX% three, result strong which of year-over-year same the each of FMC end ago. the of was increase reported quarter, period guidance, Adjusted top XX% in million, $X.XX our year versus a two an the was XX% segments. -- above of
standalone FMC pleased our performed into very very Ag fourth meeting high company. first acquisition are paving our facilities earnings The separation end lithium in business came agreement for of into new the integration In for we above our full the government, way with range. country expectations. of business quarter our at the and a the We Solutions, In Lithium, that in Argentinian results. of the hydroxide important guidance and expansion quarter finalized and in well the the our all production an of Lithium delivered with commercial is China
We for million two results months have $XXX for accounted very do the in comparable North the remainder year-over-year. four business the Europe. and growth Asia, XX% revenue X% Acquisition growth. of Solutions, acquired last Solution to grew double-digit Ag strong, business for FMC's not by legacy on Performance of driven Agricultural in Moving revenue the XXXX. year-over-year, of was revenue America, slide of growing
segment billion, a XXXX year-over-year. improved an prior year were earnings earnings to approximately However, million, it year-over-year to XXX year. $X.X and expected. Segment compared $XXX was performed increase million Full revenue segment and XX% well XX.X%. basis $XXX for XX% quarter the segment of margin as earnings Fourth points XX% increased increase
growth outline XX% performance posted Our On X% strong growth in legacy North the five, slide America, revenue earnings regional increase. year. we revenue in the a and the business Ag we posted quarter. In
business expanded legacy driven for by herbicides and as FMC was our for grew SU demand this The XX% demand XX%. acreage farmers plan in increased soybean early America, Latin pre-emergence for strong the performance Our In cereals. year herbicides for quarter. revenue
a grew business the for and Brazil, grew business Asia, legacy FMC XX% X% In year legacy performance Our on a FMC's approximately full XX%. market in revenue year. XX% that in X% basis, In QX. QX very entire strong a contracted in increased
launches strong XX%, driven Health successful Plant our product grew in by portfolio. and business FMC growth legacy product Our
strong into XX% in especially increased in We India QX. sales finally, revenue in markets Indonesia. control, also saw rice Europe, of and Rynaxypyr And insect
Our with where sales strong Eastern France, legacy XX% Europe direct grew and FMC moved in recall we may market you have business in to access.
us product doubled percentage another to while our out revised in to delivered quarter. and that increased in year. earnings highlight than the step this Lithium of took to new important way shift Lithium amounts passing later our period. in the want now We commitment. Moving on toward operating six, with The provincial Lithium the to programs at XX% to and these our our prices generally to consistent Significantly Argentina. the also programs formalized government margin segment million. royalties sale a this of of operations. $XXX value earnings an level in the are segment the Combined, versus capacity expand prior Argentina prior CSR social when legislation business to by $XX in December responsibility exceptional royalty slide XX% drove higher more year mid-single-digit commitment We our agreements Revenue sets and year-over-year and and the for of to mix increase intended finalized paving Catamarca higher of rate XX% million we move separation corporate agreements
seven, summarizes first quarter outlook which full and slide to year. Turning our the for the
to of range the near a XXXX full be EPS share of year doubling for between and year-over-year. which at share, expect per adjusted $X.XX the We midpoint $X.XX earnings represents per
First quarter is $X.XX EPS be XXXX between and expected to adjusted $X.XX.
billion expect EBITDA and acquired be Ag revenue legacy the range anticipate billion. $X.XX We of expected and revenue X%, Solutions will $X.XX to We billion range and the billion $X.XX will be the to $X.XX of Solutions is business in to XX%. grow while by Ag segment XXXX will X% in grow X%
million earnings in First to XXXX. to is to billion of and $XXX be $X.X EBITDA the expected $X.XX range quarter be significant year well-positioned The is the deliver segment revenue Lithium billion growth range of business $XXX in is million. of forecasted to to in another
to increase million, of XX% of a to the range year-over-year at for year is $XXX million, $XXX expect midpoint. of revenue the an We full million be Lithium range represents year increase to the million at EBITDA $XXX which XX% be the Full midpoint. to of in in $XXX expected
largely the projects. We half The capacity is expect incremental price in volume contribute each mix increase of increase to X,XXX and earnings. from incremental tons approximately volumes of the due to debottlenecking online coming
revenue first year-over-year the in expect EBITDA $XX be of million quarter a We range $XX at $XXX million which of and million be the represents is segment million, and increase to to XX% to between midpoint. $XX forecasted
where XXXX. in Chem November. the remain on from XXXX slide we for market our what unchanged Solutions Moving with expectations the key and drivers overall Starting the for business saw eight Ag to Ag in
XXXX. to crop low U.S. dollar in chemical be flat a the market expect global We protection up to single-digits continue basis to on
in We fastest, driven grow Asia. expect low by the the market mid-single-digit India to Southeast Asia-Pacific percent by will increasing and range,
we should base, from We in farm flat will incomes a will up in Brazil continued expect the certain come remain see expect we single-digits benefiting post-emergence and bit serving in as the acreage of The modest these Mexico, ahead America, expect will North Argentina be increase And below market increased the crops. increase trend. growth will that nearly Latin crops. for low from in herbicides America market be in in a all to in In Growth low general. applications. in expansion single-digits. market acreage
low We EMEA Eastern flat provide expect up and in be to Improved growth in this weather could forecast. Europe market upside single-digits. the to will
conditions XXXX FMC outlined. considering to the perform market a Turning how forecast now for in just will
Brazil, We where well in cotton and are increased Asia, expect we price -- Ag new France, the markets we anticipate of as as market. will positive well products move in X%, fruit, cotton. going continuation FMC all for legacy in several for vegetable, growth as a by in revenue X% and expect as higher in see to factors. demand In business drive sugarcane In Europe, and the trends demand oilseed XXXX. soybean we grow rice, to to for rate increases will well-positioned access our In market Solutions products driven direct to for
the of believe XX% to we We a far Moving well on on in annual In control by Cyazypyr expect ahead in to basis, expected is and sales. driven X% insecticide This acquired soybean will increased are our primarily full grow cotton which insect Brazil. business, peak XXXX will applications volumes to be year XXXX, in for grow market. from its revenue.
continue New and further Asia. product new crops and rice control Southeast sugarcane expand will drive will such Rynaxypyr India to registrations growth. geographies, insect EMEA as into in penetrate and also in into
in acquired we with Finally, new sales for SU cereal of to herbicide North our increase formulations applications. expect also America
integration four of As almost very is I earlier, process progressing after the ownership. said well months
businesses. revenue believe cost XXXX will maximum of percentage reflects Our Ag be combined what we Solutions the operating a guidance as our for
not margin, meaningfully with Our roll the cost than for transition R&D implement in assumptions savings and agreement different service calls what margins. you XXXX, and in system see are DuPont we year. new as SG&A we on a further and shared expenses EBITDA improvements SAP last will we gross But as have expenses off
to In XXXX. an Turning tons rate the ton lithium tons and XXXX and our of in average from we to annual XXX,XXX on over metric is LCE market. for demand to views about XX%. metric expect X starting by million XXXX growth with to summary, nine global an slide metric by basis on Lithium This XXX,XXX grow
out end XXXX. needed at supply of market demand high-cost the news spodumene despite supply to be through the in Chile, to meet continue On for will every recent we believe producers side, that least year
a per We these lithium for kilogram double-digit is conditions. at seven FMC market expect to this advantage of take dollars floor years. for price carbonate low very least of next will the create well-positioned
the and capable in low business with focused approach is is meeting expanding growth capital hydroxide our demand have demonstrated relatively we lithium our than needs. of hydroxide more lithium capacity on to Our that
Argentina Our the at and capable agreements necessary secured locals carbonate production governments we of national pursue and local to the our us current times to in with an least capacity will have to pricing defined than expansion XXXX, already are have resource three revenue be in categories. this across all falls XXXX In The contracts place. our our in majority prices higher that product forecast expansion of scale. multiyear of XXXX allow under
commitments supply continue, hydroxide, reflecting supply term XXXX. as expect production base significant this hydroxide in we have tight LCEs only lithium remain tons. will especially will FMC expanded more XX,XXX from longer to trend customers the We as tons view XX,XXX of XXXX, that foreseeable to looking in FMC producer for into the produce customers' XXXX general in to was In that future. our when hydroxide well capacity capacity more
significant for XXXX We the growth full run year. will plan in channel we our realize as
first lead at next produce from commissioning this higher the debottlenecking incremental are LCEs of of XX,XXX as one XXXX, to we The increase further capital carbonate as phase volumes expected subsequent due of year require tons us Our last The XX,XXX will previously we will XX,XXX stated. in $XXX to to million realize total Argentina, the ton at in spending by of we of as to about by of project around expect progresses. our and completion capacity end Argentina by X,XXX-ton two add year. produced up lithium project end an project plant. see additional this the $XXX unit hydroxide tons have XXXX expansion million These a should In to expansion XX,XXX in the least increase around increments XXXX. XLCEs year
at of XX,XXX We are by currently the XXXX exploring tons adding a further providing expansion capacity a latest. phase, third carbonate
supply move the electric production on directing into not believe demand. slide community to on can performance for few not without for option. that capacity is individual market adding that are auto be capacity the producing corresponding manufacturers of requirement their suppliers. is directions demand growth nickel-rich the much the cathodes the hydroxide EVs that customers technical-grade as global shows view the to demand, in EVs in investment in enough to of own demand just not the summarized A we market. model for use. left impurities further the pure coming become high announcements extraction the and and impact the to needs will We out. The that mining based lithium on and source products a outlook manufacturing vehicle in add at Simply pure of be has growth the that lithium growth industry. investor Clearly, penetration of increase focus of whole simply a as level on in well today, preferred will batteries, we demand as of have vehicles the product. on look the too And enough battery-grade chart Moving as cost of a to on public to we on a the In Equally, absorb stand believe electric years lithium things form XX. processed the rapid process, particular, the remove to yet the vehicles we is the will growth will or that a in carbonate
market penetration reach maintains This its And as The it vehicles. of First, we largest by X.X% not this position one the dependent XX as by source country electric China any is and over expect the of on shows pure launches EV to by manufacturers. single this XX% influence is XXXX manufacturer. multiple XXXX. growth for
each is end as demand well through to expect of Of that converted the there with and chart right which lithium. lithium hand technology for be whole be in will you important, growth market EVs nature through in this conclusions reached that be the shift by heavy into users. the the as forecast these a equally growth needs as battery to size, can vehicle-by-vehicle see hydroxide. towards assessment announced a demand the The side to such the shows in And customers the of important of We discussions and XXXX. be how will course, vehicle, we EVs used
today In a contract fact, are the to [ph] growth lithium in coming many confidence that of demand multi-years FMC shown in demand the customers the users or Ultimately, strategy of the gives pursue XXXX confidence their in us to commence is detail demonstrating future that and here. of our ultimate XXXX, it end for relation looking in lithium.
is seems. move on is supply correctly not believe me a as the side There let the Now, to the we reality of it another that equation. market as whole
are of highly projects dates all about We are you current oversupply left making sale, side Even China. operating well production understood new will example ambitious. available of capacity The and evidence simple occur. been to originally be are ultimately far have was without a risk is that of reasonably intended pushed cost fall that to shown seen project that far short clear and incremental is higher to of supply further is announced Once proven accepted. significantly terms entrants suggests review What a quality the XX unlikely slide capacity, have status further far is coming the too per that repeated cost high of projected. and inconsistent on It back. shipped costs show in the convertors claims what large from almost of the cost product brought curves we unit rate spodumene, being start-up supply in to this to using production is and possible increase which additions that that the than capital that is suggest is and well nameplate known online, curve construct today are that all, have seen the future,
most been The price data realized a observers quoted market published of others. by the different based publicized $XX plus for competitors marked a today. price, benchmark by by have $XX indicate those our in on and such range prices minerals price for market as have We between range markets carbonate
public. have out side expect items right account point few slide XXXX, on key expansions cost we of the curve would here. the been into On that is of made XX in the taking all a I
meaningful in between royalties difference First, at for cost range Chile in price that carbonate, produced can see that carbonate is the Chile. there payable no you means today's and Argentina in higher
out many this cost the that remain that likely by of There the remarkably not today in capacity to supply XXXX. decade carbonate the by producer positive XXXX high there opinions around surprises. forecast. Second, ended over fell chart to and demand and if the from range and and to XXXX, enough a change is saw simply this. being source acknowledge with demand coming of spodumene you [Indiscernible] the marginal negative remains situation even about XX% from will so brine added When are looks differing we overlay could you that We our see growth similar price
view are the the and budget. are that the underestimating on ability of the will risk However, demand that now we that we and to demand side the is remain over to being of time I that of the EV turn add on overoptimistic capacity industry's call level we about the to side Paul. risk are supply
