FMC Earnings Call, First Quarter 2008
19th June 2008 00:00 AM |
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| The firm achieved strong first quarter results despite combined effects ofhigher raw material and energy costs across the businesses. |
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| The chemicals company reported income of $94 million, or $1.23 per share, up 105% from $46 million, or 59 cents per share in 2007 due to strong performance across all businesses sectors through higher margins and sales volumes. Revenue of $750.2 million rose 11% as Agricultural Products achieved sales gains in Asia, Europe and Latin America while Specialty Chemicals experienced strong commercial performance in BioPolymer and lithium specialties. |
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FMC Fourth Quarter Earnings Call
11th February 2008 00:00 AM |
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| Revenues increased 15% to $674 million, from $587 million in the prior year due to sales gains across Asia and Latin America. |
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| The diversified chemical company reported a 235% growth in earnings to $40.9 million or 53 cents per share, from $12.2 million or 16 cents a share in 2006, on strong performance across all segments. The firm also benefited from supply chain productivity improvements, higher volumes at Specialty Chemicals and demonstrated robust operating momentum, driven by higher selling prices in soda ash, volume growth across the segment and improved power market conditions in Spain at Industrial Chemicals. |
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FMC First Quarter Earnings Call
19th June 2007 00:00 AM |
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| The net income was $45.8 million or $1.17 per share versus net income of $37.7 million or 95 cents per share in the prior year quarter. |
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| The leading diversified chemical company reported revenue of $674.1 million, an increase of 13% versus $594.1 million in the prior year. The strong sales growth across all its businesses offset the higher energy and raw material prices as well as the impact of lower electricity selling prices in Spain. The company has reached a settlement with Solutia and FMC will pay Solutia $22.5 million. For fiscal 2007, the company expects earnings of $6 to $6.20 per share. |
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