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Markets :: Specialty Chemicals :: Food additives
FMC earnings beat estimates as ag results jump
3:25 PM MST | February 5, 2014 | Vincent Valk
FMC today reported fourth-quarter earnings down 73.5% year-on-year (YOY), to $27.1 million, or 20 cts/share, on sales up 24%, to $1.1 billion. Earnings were hit by $114.3 million in charges related to the sale of the company’s Peroxygens business, FMC says. Excluding these charges, and some other charges in the year-ago quarter, adjusted earnings totaled $1.05/share, up 36% YOY and ahead of analysts’ consensus estimate of 94 cts/share, as reported by Thomson Reuters (New York). "We are entering 2014 with strong portfolios and market positions in...
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