Research Desk Line-up: OCI Partners Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 16, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on FMC Corp. (NYSE: FMC), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FMC , following the Company's announcement of its second quarter of FY17 on August 01, 2017. The Company reported consolidated revenue of $656.8 million, up 6.7%; and GAAP earnings of $0.56 per diluted share, up 14.3%. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Chemicals - Major Diversified industry. Pro-TD has currently selected OCI Partners LP (NYSE: OCIP) for due-diligence and potential coverage as the Company reported on August 07, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on OCI Partners when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FMC; also brushing on OCIP. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=FMC

http://protraderdaily.com/optin/?symbol=OCIP

Earnings Reviewed

FMC reported revenues of $656.8 million in Q2 FY17 compared to $615.3 million in the same quarter of FY16; registering a growth of 6.7% y-o-y. The Company's gross margin was $234.4 million in Q2 FY17 compared to $235.4 million in Q2 FY16.

FMC's income from operations was $69.1 million in Q2 FY17 compared to $82.5 million in Q2 FY16; a fall of 19.3% y-o-y. The Company's net income was $75.3 million in Q2 FY17 compared to $67.0 million in Q2 FY16; an increase of 12.4% y-o-y. The net income attributable to FMC's stockholders came in at $74.7 million for Q2 FY17 versus $65.2 million in the same quarter last fiscal year; a growth of 14.6% y-o-y.

FMC reported diluted earnings per common share (EPS) of $0.56 in Q2 FY17 against $0.49 in Q2 FY16; an increase of 14.3% y-o-y. The diluted adjusted after-tax earnings per share announced by the Company in Q2 FY17 were $0.48 compared to $0.46 in Q2 FY16; a rise of 4% y-o-y.

FMC beat Wall Street's revenue estimates of $612 million and narrowly beat analysts' estimates of EPS, barring one-time items, of $0.47.

FMC's Segment Information

The Agricultural Solutions segment generated revenues of $582.8 million in Q2 FY17 compared to $552.0 million in the same quarter last fiscal year; a rise of 5.6% y-o-y. Operating profit, before taxes, for the segment was $95.7 million in Q2 FY17 compared to $100.7 million in Q2 FY16; a fall of 4.9% y-o-y. The segment's earnings saw the largest impact from price and geographic mix shift.

The Lithium segment generated revenues of $74.0 million in Q2 FY17 compared to $63.3 million in Q2 FY16; an increase of 16.9% y-o-y. Operating profit registered by the segment, before taxes, was $24.2 million in Q2 FY17 compared to $16.5 million in Q2 FY16; a growth of 46.7% y-o-y. In this segment, significantly higher prices and improved mix were partially offset by increased costs.

Cash Information

For H1 2017, FMC generated cash from operating activities of continuing operations of $205.0 million compared to $160.1 million for the same period last year, registering an increase of 28.1% y-o-y. The cash generated by the Company from operating activities of discontinued operations was $55.1 million in first half of 2017 compared to $64.4 million in H1 2016; a fall of 14.4% y-o-y.

FMC paid dividends of $44.3 million in H1 2017 and repurchased common stock worth $1.5 million during the same period. At the beginning and end of the first half of 2017, FMC had cash and cash equivalents of $64.2 million and $113.2 million, respectively.

Outlook

FMC expects the full-year 2017 adjusted earnings to be around $2.30 to $2.50 per diluted share and third quarter adjusted earnings to be around $0.57 to $0.67 per diluted share.

The Company also expects revenues for full year of 2017 for its Agricultural Solutions segment to be between $2.3 billion and $2.4 billion and full-year earnings in this segment to be between of $415 million and $445 million. The earnings margin in the segment is expected to be around 20% in H2 2017. In Q3 FY17, FMC expects segment earnings to be between of $100 million and $120 million.

The Company's Lithium segment is expected to generate full year 2017 revenues between $340 million and $360 million and earnings between $115 million and $125 million. This revised guidance in full-year segment earnings is $10 million more compared to prior guidance. The Q3 FY17 segment earnings are expected to be between $30 million and $35 million.

Stock Performance

FMC Corp.'s share price finished yesterday's trading session at $84.56, advancing 1.45%. A total volume of 920.73 thousand shares have exchanged hands. The Company's stock price skyrocketed 11.75% in the last three months, 45.64% in the past six months, and 75.11% in the previous twelve months. Additionally, the stock soared 49.50% since the start of the year. Shares of the Company have a PE ratio of 54.38 and have a dividend yield of 0.78%. The stock currently has a market cap of $11.39 billion.

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