FMC Corp. (FMC) Reports In-Line Q1 EPS; Reaffirms FY14 Outlook

FMC Corp. (NYSE: FMC) reported Q1 EPS of $0.95, in-line with the analyst estimate of $0.95. Revenue for the quarter came in at $942 million versus the consensus estimate of $927.24 million.

FMC Corp. sees FY2014 EPS of $4.35-$4.55, versus the consensus of $4.48.

Outlook

Pierre Brondeau, FMC president, CEO and chairman, said: "Overall, our businesses performed as expected in the first quarter and, despite the weather impacting our Agricultural Solutions business in the quarter, we are reaffirming our outlook for the full year. We are confident that our new product innovations and strong customer relationships will deliver another record year in Agricultural Solutions. Health and Nutrition continues to experience demand growth in its core end markets that will be supplemented by growth in sales of omega-3 products. In FMC Minerals, both Alkali Chemicals and Lithium are performing well and delivering on their targets for both volumes and price.

"We announced our plan to separate into two publicly-traded companies as part of a long-term strategy to create additional value. We recognize that this process is complex, but we have already made good progress. We created a dedicated Program Management Office to execute the separation-related activities, allowing our businesses to remain focused solely on their operations while the separation takes place."

For earnings history and earnings-related data on FMC Corp. (FMC) click here.

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