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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:

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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:

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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.

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