FMC Q4'13 revenues shoot up 24%

06 Feb '14

2 min read

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