PHILADELPHIA, Aug. 2, 2016 /PRNewswire/ --

Second Quarter 2016 Highlights


    --  Consolidated revenue of $810 million
    --  Consolidated GAAP earnings per diluted share of $0.49
    --  Consolidated adjusted earnings per diluted share of $0.69
    --  Agricultural Solutions segment earnings of $101 million
    --  Health and Nutrition segment earnings of $45 million
    --  Lithium segment earnings of $17 million
    --  Increasing guidance for 2016 adjusted earnings per diluted share by 5
        cents to $2.60 to $2.90(1)

FMC Corporation (NYSE: FMC) today reported second quarter 2016 net income per diluted share of $0.49, as compared to net income per diluted share of $5.52 in the second quarter of 2015. Excluding various restructuring charges, adjusted earnings were $0.69 per diluted share in 2016, compared to the prior-year quarter adjusted earnings of $0.70 per diluted share.

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Pierre Brondeau, FMC president, CEO and chairman said: "FMC delivered another strong quarter, reporting adjusted earnings per share above the mid-point of guidance. Ag Solutions continues to realize the benefits of the Cheminova acquisition, reporting segment earnings in line with expectations despite difficult market conditions. Lithium outperformed, more than tripling segment earnings compared to the prior year quarter. Lithium's performance reflects the success of FMC's strategy of converting lithium carbonate into higher value downstream specialty products. Health and Nutrition delivered strong margins and cash flow, but revenue and segment earnings were below expectations, largely due to weakness in Omega-3. Overall, I am very pleased with the execution of our strategy. Based on our performance to date and improved outlook for the year, we are increasing guidance for 2016 adjusted earnings per diluted share by 5 cents to $2.60 to $2.90."

FMC Agricultural Solutions

FMC Agricultural Solutions reported second quarter revenue of $552 million and segment earnings of $101 million. On a pro forma basis, second quarter segment revenue declined 19 percent principally due to lower sales volume, largely driven by product rationalization, and foreign currency headwinds. Segment earnings declined 14 percent compared to pro forma results for second quarter 2015, as the impact of lower sales volumes, less favorable product mix and a stronger U.S. dollar were partially offset by lower operating costs.

For the full-year, segment revenue is expected to be in the range of $2.2 billion to $2.4 billion and segment earnings are expected to be in the range of $380 million to $420 million. Third quarter segment earnings are expected to be in the range of $80 million to $90 million.

FMC Health and Nutrition

FMC Health and Nutrition reported second quarter segment revenue of $195 million and segment earnings of $45 million. Revenue declined 6 percent and segment earnings declined 11 percent compared to the second quarter 2015 largely due to lower volumes and prices in Omega-3.

Segment revenue for the full year is expected to be between $750 and $800 million and 2016 segment earnings are expected to be between $190 and $196 million. For the third quarter, segment earnings are expected to be between $44 and $48 million.

FMC Lithium

FMC Lithium reported second quarter segment revenue of $63 million, an increase of 15 percent from the prior-year quarter. Segment earnings more than tripled to $16.5 million versus the prior-year quarter. Higher sales volumes, higher average prices in all major products, improved mix and lower operating costs all contributed to the increase in segment earnings.

For the full year 2016, segment revenue is expected to be in the range of $245 million to $265 million. 2016 segment earnings are expected to be between $58 and $66 million, $14 million higher than previous guidance (at the mid-point). Segment earnings for the third quarter are expected to be in the range of $13 million to $17 million.

Webcast and Supplemental Information

The company will post supplemental information on the web at www.FMC.com, including its 2016 Outlook Statement, definitions of non-GAAP terms and reconciliations of non-GAAP figures to the nearest available GAAP term.

About FMC

For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC acquired Cheminova in April 2015. Revenue totaled approximately $3.3 billion in 2015. FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2015 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

This press release contains certain "non-GAAP financial terms" which are defined on our website www.fmc.com. In addition, we have also provided on our website at www.fmc.com reconciliations of non-GAAP terms to the most directly comparable GAAP term. Amounts in this release focus on Adjusted Earnings for all EBIT and EPS references.


    1. Although we do provide forecasts for adjusted earnings per share and
       adjusted cash from operations (both of which are non-GAAP financial
       measures), we are not able to forecast the most directly comparable
       measures calculated and presented in accordance with GAAP.  Certain
       elements of the composition of the GAAP amounts are not predictable,
       making it impractical for us to forecast.  Such elements include, but are
       not limited to restructuring, acquisition charges, and discontinued
       operations and related cash activity.  As a result, no GAAP outlook is
       provided.


                                                                                                          FMC CORPORATION

                                                                                         CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

                                                                                         (Unaudited, in millions, except per share amounts)
                                                                                         -------------------------------------------------


                                                                                                             Three Months Ended                          Six Months Ended

                                                                                                                 June 30                               June 30
                                                                                                                 -------                               -------

                                                                                                            2016                   2015            2016                   2015
                                                                                                            ----                   ----            ----                   ----

    Revenue                                                                                                         $810.3                                $887.1               $1,609.1  $1,546.5


    Costs of sales and services                                                                            509.0                             581.3                    1,026.4      990.0


    Gross margin                                                                                           301.3                             305.8                      582.7      556.5
                                                                                                           -----                             -----                      -----      -----


    Selling, general and administrative expenses                                                           129.1                             156.0                      255.6      453.9

    Research and development expenses                                                                       35.1                              39.0                       71.1       65.6

    Restructuring and other charges (income)                                                                12.3                              10.3                       24.7       32.6
                                                                                                            ----

    Total costs and expenses                                                                               685.5                             786.6                    1,377.8    1,542.1
                                                                                                           -----                             -----                    -------    -------

    Income (loss) from operations                                                                          124.8                             100.5                      231.3        4.4

    Equity in (earnings) loss of affiliates                                                                    -                            (0.1)                         -         -

    Interest expense, net                                                                                   20.0                              24.7                       40.8       38.7


    Income (loss) from continuing operations before income taxes                                           104.8                              75.9                      190.5     (34.3)

    Provision (benefit) for income taxes                                                                    32.0                              17.8                       62.9     (31.3)

    Income (loss) from continuing operations                                                                72.8                              58.1                      127.6      (3.0)

    Discontinued operations, net of income taxes                                                           (5.8)                            688.2                     (11.9)     703.8

    Net income (loss)                                                                                                $67.0                                $746.3                 $115.7    $700.8
                                                                                                                     -----                                ------                 ------    ------

      Less: Net income attributable to noncontrolling interests                                              1.8                               4.0                        2.2        5.3
                                                                                                             ---

    Net income (loss) attributable to FMC stockholders                                                               $65.2                                $742.3                 $113.5    $695.5
                                                                                                                     =====                                ======                 ======    ======


    Amounts attributable to FMC stockholders:

      Income (loss) from continuing operations, net of tax                                                           $71.0                                 $54.1                 $125.4    $(8.3)

      Discontinued operations, net of tax                                                                  (5.8)                            688.2                     (11.9)     703.8
                                                                                                            ----

      Net income (loss)                                                                                              $65.2                                $742.3                 $113.5    $695.5
                                                                                                                     =====                                ======                 ======    ======


    Basic earnings (loss) per common share attributable to FMC stockholders:

      Continuing operations                                                                                          $0.53                                 $0.40                  $0.93   $(0.06)

      Discontinued operations                                                                             (0.04)                             5.14                     (0.09)      5.27

      Basic earnings per common share                                                                                $0.49                                 $5.54                  $0.84     $5.21
                                                                                                                     =====                                 =====                  =====     =====

    Average number of shares outstanding used in basic earnings per share computations                     133.9                             133.7                      133.9      133.6
                                                                                                           =====                             =====                      =====      =====


    Diluted earnings (loss) per common share attributable to FMC stockholders:

    Continuing operations                                                                                            $0.53                                 $0.40                  $0.93   $(0.06)

       Discontinued operations                                                                            (0.04)                             5.12                     (0.09)      5.27

       Diluted earnings per common share                                                                             $0.49                                 $5.52                  $0.84     $5.21
                                                                                                                     =====                                 =====                  =====     =====

    Average number of shares outstanding used in diluted earnings per share computations                   134.6                             134.4                      134.4      133.6
                                                                                                           =====                             =====                      =====      =====


    Other Data:
    -----------

    Capital additions                                                                                                $30.1                                 $29.1                  $57.9     $44.5

    Depreciation and amortization expense                                                                            $33.6                                 $31.4                  $67.2     $54.2



                                                                                                                                                                   FMC CORPORATION

                                                                                                                                                    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                                                                                                                                                    ---------------------------------------------


                                                                                                                                     RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP)

                                                                                                                                             TO ADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS,

                                                                                                                                             ATTRIBUTABLE TO FMC STOCKHOLDERS (NON-GAAP)

                                                                                                                                         (Unaudited, in millions, except per share amounts)


                                                                                                                                                                                                  Three Months Ended              Six Months Ended

                                                                                                                                                                                                       June 30                         June 30


                                                                                                                                                                                                   2016              2015               2016               2015
                                                                                                                                                                                                   ----              ----               ----               ----

    Net income (loss) attributable to FMC stockholders (GAAP)                                                                                                                                              $65.2                               $742.3              $113.5  $695.5

    Corporate special charges (income):

    Restructuring and other charges (income) (a)                                                                                                                                                   12.3                      10.3                         24.7        32.6

    Non-operating pension and postretirement charges (b)                                                                                                                                            1.1                       8.2                          2.1        14.4

    Acquisition-related charges (c)                                                                                                                                                                 5.0                      40.3                         12.4       231.0

    Income tax expense (benefit) on Corporate special charges (income) (d)                                                                                                                        (5.5)                   (19.6)                      (11.9)    (100.1)

    Discontinued operations attributable to FMC stockholders, net of income taxes (e)                                                                                                               5.8                   (688.2)                        11.9     (703.8)

    Tax adjustment (f)                                                                                                                                                                              8.9                       1.4                         18.5         2.8


    Adjusted after-tax earnings from continuing operations attributable to FMC stockholders (Non-GAAP) (1)                                                                                                 $92.8                                $94.7              $171.2  $172.4
                                                                                                                                                                                                           =====                                =====              ======  ======


    Diluted earnings per common share (GAAP)                                                                                                                                                               $0.49                                $5.52               $0.84   $5.21

    Corporate special charges (income) per diluted share, before tax:

    Restructuring and other charges (income)                                                                                                                                                       0.09                      0.08                         0.18        0.24

    Non-operating pension and postretirement charges                                                                                                                                               0.01                      0.06                         0.02        0.11

    Acquisition-related charges                                                                                                                                                                    0.04                      0.30                         0.09        1.73

    Income tax expense (benefit) on Corporate special charges (income), per diluted share                                                                                                        (0.04)                   (0.15)                      (0.09)     (0.75)

    Discontinued operations per diluted share                                                                                                                                                      0.04                    (5.12)                        0.09      (5.27)

    Tax adjustments per diluted share                                                                                                                                                              0.06                      0.01                         0.14        0.01


    Diluted adjusted after-tax earnings from continuing operations per share, attributable to FMC stockholders (Non-GAAP)                                                                                  $0.69                                $0.70               $1.27   $1.28
                                                                                                                                                                                                           =====                                =====               =====   =====


    Average number of shares outstanding used in diluted adjusted after-tax earnings from continuing operations per share computations (2)                                                        134.6                     134.4                        134.4       134.4
                                                                                                                                                                                                  =====                     =====                        =====       =====



              (1)    The Company believes that the Non-
                      GAAP financial measure "Adjusted
                      After-Tax Earnings from
                      Continuing Operations,
                      Attributable to FMC Stockholders",
                      and its presentation on a per
                      share basis, provides useful
                      information about the Company's
                      operating results to investors and
                      securities analysts. Adjusted
                      earnings excludes the effects of
                      Corporate special charges, tax-
                      related adjustments and the
                      results of our discontinued
                      operations.  The Company also
                      believes that excluding the
                      effects of these items from
                      operating results allows
                      management and investors to
                      compare more easily the financial
                      performance of its underlying
                      businesses from period to period.


              (2)    The average number of shares
                      outstanding used in the six months
                      ended June 30, 2015 diluted
                      adjusted after-tax earnings from
                      continuing operations per share
                      computation (Non-GAAP) includes
                      0.8 million diluted shares. This
                      number of shares differs from the
                      average number of shares
                      outstanding used in diluted
                      earnings per share computations
                      (GAAP) as we had a net loss from
                      continuing operations attributable
                      to FMC stockholders.


    (a)              Three Months Ended June 30, 2016:


                     Restructuring and other charges
                      (income) includes charges of  $5.9
                      million representing adjustments
                      to severance and asset write-offs
                      primarily associated with the
                      integration of Cheminova with
                      Agricultural Solutions.
                      Additionally, restructuring and
                      other charges (income) includes
                      charges of continuing
                      environmental sites treated as a
                      Corporate charge of $2.5 million.
                      Remaining restructuring and other
                      charges (income) includes net
                      miscellaneous charges (income) of
                      $3.9 million.


                     Three Months Ended June 30, 2015:


                     Restructuring and other charges
                      (income) includes a charge of $4.8
                      million, primarily related to
                      severance, associated with the
                      integration of Cheminova into our
                      existing FMC Agricultural
                      Solutions segment, a charge of
                      $1.8 million associated with the
                      reorganization of our FMC Health
                      and Nutrition segment and
                      continuing environmental sites
                      treated as a Corporate charge of
                      $3.5 million. Remaining
                      restructuring and other charges
                      (income) includes net
                      miscellaneous charges of $0.2
                      million.


                     Six Months Ended June 30, 2016:


                     Restructuring and other charges
                      (income) includes charges of  $8.9
                      million representing adjustments
                      to severance and asset write-offs
                      primarily associated with the
                      integration of Cheminova with
                      Agricultural Solutions.  Amounts
                      also include $4.2 million
                      associated as a result of the
                      Argentina government's action to
                      devalue its currency.
                      Additionally, restructuring and
                      other charges includes charges of
                      continuing environmental sites
                      treated as a Corporate charge of
                      $9.1 million. Remaining
                      restructuring and other charges
                      (income) includes net
                      miscellaneous charges (income) of
                      $2.5 million.


                     Six Months Ended June 30, 2015:


                     Restructuring and other charges
                      (income) includes a charge of
                      $15.0 million associated with a
                      license agreement entered into for
                      the purpose of obtaining certain
                      technology and intellectual
                      property rights relating to new
                      compounds still under development
                      both of which pertain our FMC
                      Agricultural Solutions segment.
                      Additionally, restructuring and
                      other charges includes charges of
                      $4.8 million associated with the
                      integration of Cheminova into our
                      existing FMC Agricultural
                      Solutions segment, a charge of
                      $3.9 million associated with a
                      reorganization of our FMC Health
                      and Nutrition segment and
                      continuing environmental sites
                      treated as a Corporate charge of
                      $5.4 million. Remaining
                      restructuring and other charges
                      (income) includes net
                      miscellaneous charges of $3.5
                      million.


    (b)               Our non-operating pension and
                      postretirement costs are defined
                      as those costs related to
                      interest, expected return on plan
                      assets, amortized actuarial gains
                      and losses and the impacts of any
                      plan curtailments or settlements.
                      These costs are primarily related
                      to changes in pension plan assets
                      and liabilities which are tied to
                      financial market performance and
                      we consider these costs to be
                      outside our operational
                      performance. We exclude these non-
                      operating pension and
                      postretirement costs from our
                      segments as we believe that
                      removing them provides a better
                      understanding of the underlying
                      profitability of our businesses,
                      provides increased transparency
                      and clarity in the performance of
                      our retirement plans and enhances
                      period-over-period
                      comparability. We continue to
                      include the service cost and
                      amortization of prior service cost
                      in our Adjusted Earnings results
                      noted above. We believe these
                      elements reflect the current year
                      operating costs to our businesses
                      for the employment benefits
                      provided to active employees.


    (c)               Charges related to the expensing of
                      the inventory fair value step-up
                      resulting from the application of
                      purchase accounting, legal and
                      professional fees and gains or
                      losses on hedging purchase price
                      associated with the planned or
                      completed acquisitions. Amounts
                      represent the following:




                                                                                    Three Months Ended         Six Months Ended
                                                                                          June 30                  June 30
                                                                                          -------                  -------

    (in Millions)                                                                   2016     2015         2016  2015
                                                                                    ----     ----         ----  ----

    Acquisition-related charges

    Legal and professional fees (1), (2)                                                    $5.0                      $29.0            $12.4  $39.6

    Inventory fair value amortization (3)                                              -                19.3              -       19.3

    (Gain)/loss on hedging purchase price (2)                                          -               (8.0)             -      172.1

                                              Total Acquisition-related charges (4)         $5.0                      $40.3            $12.4 $231.0



             (1)    Represents transaction costs,
                     costs for transitional employees,
                     other acquired employees related
                     costs and integration-related
                     legal and professional third-
                     party fees.

             (2)    These charges are recorded as a
                     component of  "Selling, general
                     and administrative expense" on
                     the condensed consolidated
                     statements of income (loss).

             (3)    These charges are recorded as a
                     component of  "Cost of sales and
                     services" on the condensed
                     consolidated statements of income
                     (loss).

             (4)    Acquisition-related charges
                     associated with the integration
                     of Cheminova with Agricultural
                     Solutions are expected  to be
                     completed by the end of 2016.


    (d)              The income tax expense (benefit) on Corporate
                     special charges (income) is determined using
                     the applicable rates in the taxing
                     jurisdictions in which the Corporate special
                     charge or income occurred and includes both
                     current and deferred income tax expense
                     (benefit) based on the nature of the non-GAAP
                     performance measure.


    (e)              Three and Six Months Ended June 30, 2016 and
                     2015


                    Discontinued operations includes provisions, net
                     of recoveries, for environmental liabilities,
                     legal reserves and expenses related to
                     previously discontinued operations.
                     Discontinued operations for the three and six
                     months ended June 30, 2015, includes the
                     divestiture gain of approximately $700 million
                     associated with the sale of FMC Alkali
                     Chemicals division which was completed on April
                     1, 2015.


    (f)              We exclude the GAAP tax provision, including
                     discrete items, from the Non-GAAP measure of
                     income, and instead include a Non-GAAP tax
                     provision based upon the projected annual Non-
                     GAAP effective tax rate. The GAAP tax provision
                     includes certain discrete tax items including,
                     but are not limited to: income tax expenses or
                     benefits that are not related to ongoing
                     business operations in the current year;
                     unusual or infrequently occurring items; tax
                     adjustments associated with fluctuations in
                     foreign currency remeasurement of certain
                     foreign operations; certain changes in
                     estimates of tax matters related to prior
                     fiscal years; certain changes in the
                     realizability of deferred tax assets and
                     related interim accounting impacts; and changes
                     in tax law; and the tax effect of excluding
                     subsidiary losses that cannot be benefited from
                     the GAAP ETR and earnings to which it is
                     applied. Management believes excluding these
                     discrete tax items assists investors and
                     securities analysts in understanding the tax
                     provision and the effective tax rate related to
                     ongoing operations thereby providing investors
                     with useful supplemental information about
                     FMC's operational performance.


                                                                                                               Three Months           Six Months
                                                                                                                   Ended                 Ended

                                                                                                                  June 30               June 30
                                                                                                                  -------               -------

    (in Millions)                                                                                           2016            2015     2016              2015
                                                                                                            ----            ----     ----              ----

    Non-GAAP tax adjustments:

    Revisions to our tax liabilities due to finalization of prior year tax returns                                  $0.1               $            -       $1.6   $   -

    Revisions to valuation allowances of historical deferred tax assets                                      0.4                 1.0                   0.4     8.5

    Foreign currency remeasurement and other discrete items                                                  8.4                 0.4                  16.5   (5.7)

                                                                                   Non-GAAP tax adjustments         $8.9                         $1.4       $18.5    $2.8
                                                                                                                    ====                         ====       =====    ====



                                                                                   RECONCILIATION OF INCOME (LOSS) FROM OPERATIONS (GAAP) TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS, BEFORE INTEREST AND INCOME TAXES (NON-GAAP)

                                                                                                                                                 (Unaudited, in millions)


                                                                                                                                                                                             Three Months Ended                        Six Months Ended

                                                                                                                                                                                                  June 30                                  June 30
                                                                                                                                                                                                  -------                                  -------

                                                                                                                                                                                            2016                 2015                  2016              2015
                                                                                                                                                                                            ----                 ----                  ----              ----

    Income (loss) from operations (GAAP)                                                                                                                                                            $124.8                                    $100.6          $231.3    $4.4

    Restructuring and other charges (income)                                                                                                                                                12.3                           10.3                         24.7     32.6

    Non-operating pension and postretirement charges                                                                                                                                         1.1                            8.2                          2.1     14.4

    Acquisition-related charges                                                                                                                                                              5.0                           40.3                         12.4    231.0

    Adjusted earnings from continuing operations,                                                                                                                                                   $143.2                                    $159.4          $270.5  $282.4
         before interest, income taxes and noncontrolling interests (Non-GAAP) (1)




             (1)    Referred to as
                     Adjusted
                     Operating
                     Profit.



                                                              RECONCILIATION OF CASH PROVIDED (REQUIRED) BY OPERATING ACTIVITIES (GAAP) TO ADJUSTED CASH FROM OPERATIONS

                                                                                                       (Unaudited, in millions)


                                                                                                                                                                           Six Months Ended

                                                                                                                                                                                June 30
                                                                                                                                                                                -------

                                                                                                                                                                         2016               2015
                                                                                                                                                                         ----               ----

    Cash provided (required) by operating activities (GAAP)                                                                                                                      $242.6                 $(122.5)

    Transaction and integration costs related to acquisition of Cheminova                                                                                                12.4                      39.6

    Hedge settlement of Cheminova                                                                                                                                           -                    264.8

    Adjusted cash from operations (Non-GAAP) (1)                                                                                                                                 $255.0                   $181.9
                                                                                                                                                                                 ======                   ======




             (1)    The Company
                     believes that
                     the Non-GAAP
                     financial
                     measure
                     "Adjusted
                     cash from
                     operations"
                     provides
                     useful
                     information
                     about the
                     Company's
                     cash flows to
                     investors and
                     securities
                     analysts.
                     Adjusted cash
                     from
                     operations
                     excludes the
                     effects of
                     acquisition-
                     related cash
                     flows.  The
                     Company also
                     believes that
                     excluding the
                     effects of
                     these items
                     from cash
                     provided
                     (required) by
                     operating
                     activities
                     allows
                     management
                     and investors
                     to compare
                     more easily
                     the cash
                     flows from
                     period to
                     period.

FMC CORPORATION
FMC AGRICULTURAL SOLUTIONS PRO FORMA FINANCIAL RESULTS
(Unaudited, in millions)

In the second quarter of 2015, we began to present pro forma combined results for the FMC Agricultural Solutions segment for 2015 and 2014. We believe that reviewing our operating results by combining actual and pro forma results for the FMC Agricultural Solutions segment for 2015 is more useful in identifying trends in, or reaching conclusions regarding, the overall operating performance of this segment. Our pro forma segment information includes adjustments as if the Cheminova transaction had occurred on January 1, 2015. Our pro forma data will also be adjusted for the effects of acquisition accounting but will not include adjustments for cost related to integration activities, cost savings or synergies that might be achieved by the combined businesses. Pro forma amounts to be presented will not necessarily be indicative of what our results would have been had we operated Cheminova since January 1, 2015, nor our future results. We believe that reviewing our operating results by combining actual and pro forma results for the FMC Agricultural Solutions segment for these interim periods is more useful in identifying trends in, or reaching conclusions regarding, the overall operating performance of the segment.


                                                                                               FMC Agricultural Solutions Pro Forma Financial Results


                                                                                                                 Three Months Ended June 30                  Six Months Ended June 30
                                                                                                                 --------------------------

    (in Millions)                                                                                                   2016                   2015            2016                   2015
                                                                                                                    ----                   ----            ----                   ----

    Revenue

    Revenue, FMC Agricultural Solutions, as reported (1)                                                                    $552.0                                $625.6               $1,098.1 $1,018.0

    Revenue, Cheminova, pro forma (2)                                                                                  -                              57.9                         -     362.0

                                                                           Pro Forma Combined, Revenue (3)                  $552.0                                $683.5               $1,098.1 $1,380.0
                                                                                                                            ======                                ======               ======== ========

    Operating Profit

    Operating Profit, FMC Agricultural Solutions, as reported (1)                                                           $100.7                                $121.4                 $182.7   $203.2

    Operating Profit, Cheminova, pro forma (2)                                                                         -                             (4.1)                        -      19.9

                                                                  Pro Forma Combined, Operating Profit (3)                  $100.7                                $117.3                 $182.7   $223.1
                                                                                                                            ======                                ======                 ======   ======




             (1)    As reported
                     amounts are
                     the results
                     of
                     operations
                     of FMC
                     Agricultural
                     Solutions,
                     including
                     the results
                     of the
                     Cheminova
                     acquisition
                     from April
                     21, 2015
                     onward.

             (2)    Cheminova
                     pro forma
                     amounts
                     include the
                     historical
                     results of
                     Cheminova,
                     prior to
                     April 21,
                     2015. These
                     amounts
                     also
                     include
                     adjustments
                     as if the
                     Cheminova
                     transaction
                     had
                     occurred on
                     January 1,
                     2015,
                     including
                     the effects
                     of
                     acquisition
                     accounting.
                     The pro
                     forma
                     amounts do
                     not include
                     adjustments
                     for
                     expenses
                     related to
                     integration
                     activities,
                     cost
                     savings or
                     synergies
                     that may
                     have been
                     or may be
                     achieved by
                     the
                     combined
                     segment.

             (3)    The pro
                     forma
                     combined
                     amounts are
                     not
                     necessarily
                     indicative
                     of what the
                     results
                     would have
                     been had we
                     acquired
                     Cheminova
                     on January
                     1, 2015 or
                     indicative
                     of future
                     results.




                                                                                                                       FMC CORPORATION

                                                                                                                    INDUSTRY SEGMENT DATA

                                                                                                                   (Unaudited, in millions)
                                                                                                                   -----------------------


                                                                                                                          Three Months Ended                    Six Months Ended

                                                                                                                              June 30                         June 30
                                                                                                                              -------                         -------

                                                                                                                         2016                2015         2016                   2015
                                                                                                                         ----                ----         ----                   ----

    Revenue
    -------

    FMC Agricultural Solutions                                                                                                   $552.0                          $625.6                $1,098.1  $1,018.0

    FMC Health and Nutrition                                                                                            195.0                       206.6                      387.4       417.6

    FMC Lithium                                                                                                          63.3                        54.9                      123.6       110.9
                                                                                                                         ----                                                 -----

    Total                                                                                                                        $810.3                          $887.1                $1,609.1  $1,546.5
                                                                                                                                 ======                          ======                ========  ========

    Income from continuing operations before income taxes
    -----------------------------------------------------

    FMC Agricultural Solutions                                                                                          100.7                       121.4                      182.7       203.2

    FMC Health and Nutrition                                                                                             44.9                        50.5                       92.2       101.5

    FMC Lithium                                                                                                          16.5                         4.6                       31.4        10.1

    Segment operating profit (a)                                                                                        162.1                       176.5                      306.3       314.8

    Corporate and other                                                                                                (18.9)                     (17.1)                    (35.8)     (32.4)
                                                                                                                        -----                                                 -----

    Adjusted earnings from continuing operations, before interest, income taxes and noncontrolling interests (Non-
     GAAP)                                                                                                                       $143.2                          $159.4                  $270.5    $282.4


    Interest expense, net                                                                                              (20.0)                     (24.7)                    (40.8)     (38.7)

    Corporate special (charges) income:

    Restructuring and other (charges) income (b)                                                                       (12.3)                     (10.3)                    (24.7)     (32.6)

    Non-operating pension and postretirement charges (c)                                                                (1.1)                      (8.2)                     (2.1)     (14.4)

    Acquisition-related charges (d)                                                                                     (5.0)                     (40.3)                    (12.4)    (231.0)

    (Provision) benefit for income taxes                                                                               (32.0)                     (17.8)                    (62.9)       31.3

    Discontinued operations, net of income taxes (e)                                                                    (5.8)                      688.2                     (11.9)      703.8

    Net income attributable to noncontrolling interests                                                                 (1.8)                      (4.0)                     (2.2)      (5.3)
                                                                                                                         ----                        ----                       ----        ----

    Net income (loss) attributable to FMC stockholders                                                                            $65.2                          $742.3                  $113.5    $695.5
                                                                                                                                  =====                          ======                  ======    ======




    (a)                 Referred to as
                        Segment
                        Earnings.


    (b)                 Three Months
                        Ended June
                        30, 2016:
                        Amounts
                        related to
                        FMC
                        Agricultural
                        Solutions
                        charges of
                        $5.9 million,
                        FMC Health
                        and Nutrition
                        charges of
                        $3.2 million,
                        FMC Lithium
                        charges of $0
                        million and
                        Corporate
                        charges of
                        $3.2 million.


                       Three Months
                        Ended June
                        30, 2015:
                        Amounts
                        related to
                        FMC
                        Agricultural
                        Solutions
                        charges of
                        $4.8 million,
                        FMC Health
                        and Nutrition
                        charges of
                        $1.8 million,
                        FMC Lithium
                        charges of
                        $0.2 million
                        and Corporate
                        charges of
                        $3.5 million.


                       Six Months
                        Ended June
                        30, 2016:
                        Amounts
                        related to
                        FMC
                        Agricultural
                        Solutions
                        charges of
                        $12.5
                        million, FMC
                        Health and
                        Nutrition
                        charges of
                        $3.4 million,
                        FMC Lithium
                        charges of
                        $0.6 million
                        and Corporate
                        charges of
                        $8.2 million.


                       Six Months
                        Ended June
                        30, 2015:
                        Amounts
                        related to
                        FMC
                        Agricultural
                        Solutions
                        charges of
                        $23.1
                        million, FMC
                        Health and
                        Nutrition
                        charges of
                        $4.0 million,
                        FMC Lithium
                        charges of
                        $0.5 million
                        and Corporate
                        charges of
                        $5.0 million.


    (c)                 See Note (b)
                        to the
                        schedule
                        "Reconciliation
                        of Net Income
                        (Loss)
                        Attributable
                        to FMC
                        Stockholders
                        (GAAP) to
                        Adjusted
                        After-Tax
                        Earnings from
                        Continuing
                        Operations,
                        Attributable
                        to FMC
                        Stockholders
                        (Non-GAAP)"
                        for further
                        details on
                        the
                        components
                        that make up
                        this line
                        item.


    (d)                 See Note (c)
                        to the
                        schedule
                        "Reconciliation
                        of Net Income
                        (Loss)
                        Attributable
                        to FMC
                        Stockholders
                        (GAAP) to
                        Adjusted
                        After-Tax
                        Earnings from
                        Continuing
                        Operations,
                        Attributable
                        to FMC
                        Stockholders
                        (Non-GAAP)"
                        for further
                        details on
                        the
                        components
                        that make up
                        this line
                        item.


    (e)                 See Note (e)
                        to the
                        schedule
                        "Reconciliation
                        of Net Income
                        (Loss)
                        Attributable
                        to FMC
                        Stockholders
                        (GAAP) to
                        Adjusted
                        After-Tax
                        Earnings from
                        Continuing
                        Operations,
                        Attributable
                        to FMC
                        Stockholders
                        (Non-GAAP)"
                        for further
                        details on
                        the
                        components
                        that make up
                        this line
                        item.




                                                                                      FMC CORPORATION

                                                                           CONDENSED CONSOLIDATED BALANCE SHEETS

                                                                                  (Unaudited, in millions)
                                                                                  -----------------------


                                                                                                                 June 30, 2016          December 31, 2015
                                                                                                                 -------------          -----------------

    Cash and cash equivalents                                                                                                     $93.6                       $78.6

    Trade receivables, net of allowance of $17.2 in 2016 and $13.9 in 2015                                             1,627.6                     1,851.4

    Inventories                                                                                                          881.9                       800.2

    Prepaid and other current assets                                                                                     296.0                       241.7

    Total current assets                                                                                               2,899.1                     2,971.9
                                                                                                                       -------                     -------


    Investments                                                                                                            2.8                         2.5

    Property, plant and equipment, net                                                                                 1,025.9                     1,016.4

    Goodwill                                                                                                             795.0                       776.1

    Other intangibles, net                                                                                               851.7                       837.0

    Other assets including long-term receivables, net                                                                    430.4                       435.1

    Deferred income taxes                                                                                                277.3                       286.9

    Total assets                                                                                                               $6,282.2                    $6,325.9
                                                                                                                               ========                    ========


    Short-term debt and current portion of long-term debt                                                                         $53.2                      $112.6

    Accounts payable, trade and other                                                                                    440.4                       403.6

    Advanced payments from customers                                                                                       5.1                       249.9

    Accrued and other liabilities                                                                                        320.5                       337.6

    Accrued customer rebates                                                                                             394.5                       256.1

    Guarantees of vendor financing                                                                                       102.8                        67.2

    Accrued pensions and other postretirement benefits, current                                                            6.4                         6.4

    Income taxes                                                                                                          31.2                        19.9

    Total current liabilities                                                                                          1,354.1                     1,453.3
                                                                                                                       -------                     -------


    Long-term debt                                                                                                     1,988.9                     2,036.3

    Long-term liabilities                                                                                                897.3                       928.0
                                                                                                                         -----                       -----

    Equity                                                                                                             2,041.9                     1,908.3
                                                                                                                       -------                     -------

    Total liabilities and equity                                                                                               $6,282.2                    $6,325.9
                                                                                                                               ========                    ========



                                                                                                  FMC CORPORATION

                                                                                  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                                                             (Unaudited, in millions)
                                                                                              -----------------------


                                                                                                                                   Six Months ended June 30
                                                                                                                                   ------------------------

                                                                                                                                     2016                   2015
                                                                                                                                     ----                   ----

    Cash provided (required) by operating activities of continuing operations (1)                                                            $242.6                         $(122.5)
                                                                                                                                             ------                          -------


    Cash provided (required) by operating activities of discontinued operations                                                    (18.1)                           (50.1)
                                                                                                                                    -----                             -----


    Cash provided (required) by investing activities of continuing operations                                                      (59.7)                        (1,288.0)
                                                                                                                                    -----                          --------


    Cash provided (required) by investing activities of discontinued operations                                                         -                          1,637.6
                                                                                                                                      ---                          -------


    Cash provided (required) by financing activities of continuing operations:

    Net borrowings (repayments) under committed credit facilities                                                                       -                                -

    Increase (decrease) in short-term debt                                                                                         (59.4)                          (394.6)

    Financing Fees                                                                                                                  (0.7)                                -

    Proceeds from borrowings of long-term debt                                                                                        2.8                           1,650.0

    Repayments of long-term debt                                                                                                   (50.8)                        (1,023.7)

    Issuances of common stock, net                                                                                                    2.1                               5.6

    Excess tax benefits from share-based compensation                                                                                 0.4                               2.0

    Dividends paid                                                                                                                 (44.3)                           (42.2)

    Other repurchases of common stock                                                                                               (1.2)                            (3.2)

    Cash provided (required) by financing activities                                                                              (151.1)                            193.9
                                                                                                                                   ------                             -----

    Effect of exchange rate changes on cash                                                                                           1.3                             (2.9)
                                                                                                                                      ---                              ----

    Increase (decrease) in cash and cash equivalents                                                                                 15.0                             368.0


    Cash and cash equivalents, beginning of year                                                                                     78.6                             109.5


    Cash and cash equivalents, end of period                                                                                                  $93.6                           $477.5
                                                                                                                                              =====                           ======




             (1)    The six
                     months
                     ended June
                     30, 2015
                     includes
                     $264.8
                     million in
                     payments
                     associated
                     with the
                     Cheminova
                     acquisition
                     purchase
                     price
                     hedges.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fmc-corporation-announces-second-quarter-2016-results-300307990.html

SOURCE FMC Corporation