Free Post Earnings Research Report: FMC’s Revenue Soared 103%; Adjusted Earnings More than Tripled

Stock Monitor: Balchem Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want access to our free earnings report on FMC Corp. (NYSE: FMC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FMC. FMC reported its first quarter fiscal 2018 operating and financial results on May 02, 2018. The chemical producer outperformed top- and bottom-line expectations. Additionally, the Company updated its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Balchem Corporation (NASDAQ: BCPC), which also belongs to the Basic Materials sector as the Company FMC Corp. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=BCPC

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, FMC most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FMC

Earnings Highlights and Summary

FMC reported revenue of $1.21 billion for its first quarter 2018, reflecting an increase of 103% compared to revenue of $596.0 million in Q1 2017. The Company’s reported numbers surpassed analysts’ estimates of $1.15 billion.

During Q1 2018, FMC’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $379.8 million, soaring 256% compared to $106.6 million in Q1 2017.

On a GAAP basis, FMC reported earnings of $267 million, or $1.96 per diluted share, in Q1 2018 compared to a net loss of $192 million, or $0.92 per diluted share, in Q1 2017. The Company’s reported quarter adjusted earnings zoomed 328% to $1.84 per diluted share versus $0.43 per diluted share in the prior year’s same quarter. FMC’s earnings numbers exceeded Wall Street’s estimates of $1.56 per share.

FMC’s Segment Results

During Q1 2018, the Agricultural Solutions segment reported revenue of $1.11 billion, representing an increase of 109% compared to revenue of $530.4 million in Q1 2017, due to the strength of the DuPont acquisition. On a pro-forma basis, the segment’s revenue increased 13% on a y-o-y basis, of which foreign exchange contributed 3% to 4% growth.

In Q1 2018, the Agricultural Solutions segment’s EBITDA soared 250% versus $101.8 million in Q1 2017 and were $51 million above the mid-point of the prior guidance range. The segment’s EBITDA margin was over 32% in the reported quarter, 270 basis points above the mid-point of the Company’s guidance.

For Q1 2018, FMC Lithium segment’s revenue surged 57% to $102.8 million compared to revenue of $65.6 million in Q1 2017. The segment’s EBITDA nearly doubled to $50.3 million in the reported quarter versus $25.8 million in the prior year’s same quarter. Higher volume from debottlenecking projects in Argentina and the hydroxide expansion in China, higher y-o-y prices on all product categories and lower operating costs were the main contributors to growth.

Outlook

FMC is forecasting adjusted earnings to be in the range of $5.90 to $6.20 per share for the full year 2018, reflecting an increase of 12% at the mid-point compared to prior guidance, and 123% higher on a y-o-y basis. The Company is expecting second quarter 2018 adjusted earnings to be in the band of $1.65 to $1.75 per share.

For the Lithium segment FMC is projecting segment revenue to be in the range of $430 million to $460 million for FY18, an increase of nearly 30% on a y-o-y basis, while the outlook for FY 2018 segment’s EBITDA is in the band of $193 million to $203 million. For Q2 2018, the Company is expecting Lithium segment’s EBITDA to be in the range of $47 million to $51 million, which represents an increase of over 75% on a y-o-y basis.

FMC raised FY18 estimates for the Agricultural Solutions segment. The segment’s FY18 revenue is now forecasted to be in the range of $4.05 billion to $4.25 billion, up 2.5% at the mid-point compared to prior guidance. The segment’s EBITDA is expected to be in the band of $1.16 billion to $1.24 billion, up $100 million at the mid-point compared to prior guidance. For Q2 2018, the Agricultural Solutions segment’s EBITDA is forecasted to be in the range of $315 million to $345 million.

FMC noted that the separate listing of FMC Lithium stock remains on track for October 2018.

Stock Performance Snapshot

May 30, 2018 – At Wednesday’s closing bell, FMC’s stock advanced 1.19%, ending the trading session at $88.37.

Volume traded for the day: 788.35 thousand shares.

Stock performance in the last month – up 10.84%; previous three-month period – up 12.60%; and past twelve-month period – up 17.83%

After yesterday’s close, FMC’s market cap was at $11.89 billion.

Price to Earnings (P/E) ratio was at 26.91.

The stock has a dividend yield of 0.75%.

The stock is part of the Basic Materials sector, categorized under the Chemicals – Major Diversified industry. This sector was up 2.5% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 501323