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FMC Q4'13 revenues shoot up 24%
06
Feb '14
FMC Corporation reported record quarterly revenues of $1.1 billion in the fourth quarter, a 24 percent increase over the same period in 2012.  
 
The company reported net income of $27.1 million, or $0.20 per diluted share, in the fourth quarter of 2013, versus net income of $102.2 million, or $0.74 per diluted share, in the fourth quarter of 2012.  
 
Fourth quarter results include charges primarily related to the sale of the Peroxygens business of $114.3 million after tax, or $0.85 per diluted share, compared to charges of $4.4 million after tax, or $0.03 per diluted share, in the prior-year quarter.  
 
Excluding these items in both periods, adjusted earnings were $1.05 per diluted share, an increase of 36 percent versus the prior-year quarter.  
 
For the full year, revenues grew to $3.9 billion, up 14 percent over 2012.  Adjusted full-year earnings per diluted share increased 15 percent to $3.88 versus $3.39 in 2012.
 
Fourth Quarter 2013 Highlights
-Consolidated revenues up 24 percent to $1.1 billion
-Agricultural Solutions segment earnings up 24 percent
-Health and Nutrition segment earnings up 13 percent
-Minerals segment earnings down 18 percent
-Consolidated adjusted earnings per share up 36 percent to $1.05 per diluted share
 
Full Year 2013 Highlights
-Consolidated revenues up 14 percent to $3.9 billion
-Agricultural Solutions segment earnings up 19 percent
-Health and Nutrition segment earnings up 5 percent
-Minerals segment earnings down 25 percent
-Consolidated adjusted earnings per share up 15 percent to $3.88 per diluted share
2014 Outlook
 
Click here to view full results.

FMC


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