PHILADELPHIA, Sept. 12, 2016 /PRNewswire/ -- FMC
Corporation (NYSE: FMC) today announced that Paul Graves, executive vice president and chief
financial officer, will speak at the Credit Suisse Basic Materials
Conference in New York City on
Wednesday, September 14, 2016 at
8:00 a.m. ET. A live webcast will be
available on the FMC Investor Relations website.
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The company also announced that it is confirming prior guidance
for the third quarter and full year 2016. For the third
quarter, FMC expects adjusted earnings to be in the range of
$0.53 to $0.63 per share and expects
full-year adjusted EPS to be in the range of $2.60 to $2.90(1).
Pierre Brondeau, FMC president, CEO and chairman, said:
"We are seeing a more stable and predictable business in Ag
Solutions in Latin America, and
continue to see strength in our Lithium business. The
stabilization of our Ag Solutions business in Latin America is due in large part to the
specific actions the company has taken over the past twelve months
to reduce cost, reduce channel inventory, rationalize our portfolio
and focus on price and terms. As a result, we remain
confident that our earnings for the third quarter and full year
will be in line with our prior guidance."
About FMC
For more than a century, FMC Corporation has served the global
agricultural, industrial and consumer markets with innovative
solutions, applications and quality products. FMC acquired
Cheminova in April 2015. Revenue
totaled approximately $3.3 billion in
2015. FMC employs approximately 6,000 people throughout the world
and operates its businesses in three segments: FMC Agricultural
Solutions, FMC Health and Nutrition and FMC Lithium. For more
information, visit www.FMC.com.
Safe Harbor Statement under the Private Securities Act of
1995: Statements in this news release that are forward-looking
statements are subject to various risks and uncertainties
concerning specific factors described in FMC
Corporation's 2015 Form 10-K and other SEC filings.
Such information contained herein represents management's best
judgment as of the date hereof based on information currently
available. FMC Corporation does not intend to update this
information and disclaims any legal obligation to the contrary.
Historical information is not necessarily indicative of future
performance.
This press release contains certain "non-GAAP financial
terms" which are defined on our website www.fmc.com. In addition,
we have also provided on our website at
www.fmc.com reconciliations of non-GAAP terms to the most
directly comparable GAAP terms. Amounts in this release focus on
Adjusted Earnings for all EBIT and EPS references.
(1) Although we do provide forecasts for adjusted
earnings per share and adjusted cash from operations (both of which
are non-GAAP financial measures), we are not able to forecast the
most directly comparable measures calculated and presented in
accordance with GAAP. Certain elements of the composition of the
GAAP amounts are not predictable, making it impractical for us to
forecast. Such elements include, but are not limited to
restructuring, acquisition charges, and discontinued operations and
related cash activity. As a result, no GAAP outlook is
provided.
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SOURCE FMC Corporation