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Business

FMC Fingers Weather For Profit Shortfall

by Alexander H. Tullo
June 30, 2014 | A version of this story appeared in Volume 92, Issue 26
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Bad weather has crimped the first- and second-quarter results of FMC’s agricultural chemicals business. As a result, FMC expects to earn $4.10 to $4.30 per share in 2014, down from the $4.35 to $4.55 it forecasted in February. The cold snap in North America persisted longer than expected, which caused farmers to apply less of its Capture LFR corn insecticide and other products. Additionally, a drought in Brazil has hurt FMC’s sales to the sugarcane industry.

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