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FMC predicts weaker ag results due to cold weather

6:52 AM MDT | March 21, 2014 | —Lindsay Frost

FMC expects first-quarter 2014 operating profit in its agricultural solutions segment to decline in the mid-20% range year-on-year because of cold weather in North America constricting demand. However, the full-year outlook for the segment has not changed; the company continues to expect growth rates in the mid-teens in revenues and operating profits. “Unfortunately, agricultural seasons do not always match quarterly reporting periods,” says Pierre Brondeau, FMC chairman and CEO. “We are confident that the first-quarter performance merely...

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