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News Breaks
July 31, 2014
10:29 EDTFMCFMC Corporation sees Q3 adjusted EPS 90c-$1.00, consensus $1.06
Sees Agricultural Solutions FY revenue up mid- to high-single digits percent reflecting increased volumes and growth from new and recently introduced products, particularly in Latin America and Europe. Sees Full-year segment earnings up in the mid-single digits percent with the second half of the year driven primarily by continued market share gain in Latin America partially offset by the drought conditions affecting sugarcane in Brazil. Sees Q3 segment earnings up low- to mid-teens percent reflecting sales contributions from new product introductions and market share gains in Latin America, primarily in soybeans and cotton. For Health and Nutrition, sees FY segment revenues up low- to mid-teens percent, FY segment earnings up mid-teens percent, Q3 segment earnings up mid to high single digits. For Minerals, sees FY segment revenue up mid- to high- single digits percent, FY segment earnings up high teens percent, Q3 segment earnings up approx. 30%. Sees FY14 tax rate 25%-26%, interest expense $54M-$58M. Comments from slides that will be presented on the Q2 earnings conference call.
News For FMC From The Last 14 Days
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September 11, 2014
10:49 EDTFMCHigh option volume stocks
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September 8, 2014
06:12 EDTFMCFMC Corporation to host conference call
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05:40 EDTFMCFMC Corporation to acquire Cheminova for $1.8B
FMC Corporation announced that it has signed a definitive agreement to acquire Cheminova A/S, a wholly owned subsidiary of Auriga Industries A/S. Cheminova is a multinational crop protection company based in Denmark. FMC will fund the all-cash acquisition through a mixture of debt and existing cash reserves. The transaction is expected to close in early 2015 and will be accretive to adjusted earnings in the first full year following the acquisition. FMC will modify its previously announced separation plans by pursuing a sale of Alkali Chemicals. Commenting on this decision, Brondeau said, "FMC is committed to its strong balance sheet and a sale of Alkali Chemicals will allow us to de-lever to a point that is appropriate for our business profile. Alkali Chemicals is a well-run, highly profitable and cash generative business, and we are confident it will attract many interested buyers. We expect to complete this sale by mid-2015."
05:38 EDTFMCFMC Corporation to acquire Cheminova for $1.8B
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