Issue Date: June 30, 2014
FMC Fingers Weather For Profit Shortfall
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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