Short answer
Fmc Corp (FMC) filed its fiscal 2018 10-K annual report with the SEC on Feb 28, 2019. It reported revenue of $4.7B (+64.2% year over year) and net income of $502M.
- Top risk flagged: U.S. FDA and USDA enforcement: Bessemer City facility noncompliance could trigger recalls, production suspension, or criminal prosecution
FY2018 key financial metrics · XBRL
- Revenue
- $4.7B
- +64.2% YoY
- Net income
- $502M
- −6.3% YoY
- Operating margin
- 18.6%
- +9.6 pp YoY
- Gross margin
- 44.1%
- +5.9 pp YoY
- EPS (diluted)
- $3.69
- −7.5% YoY
- ROE
- 16.1%
- −3.9 pp YoY
- Operating cash flow
- $446M
- +41.8% YoY
Source: XBRL data from the Fmc Corp (FMC) FY2018 10-K on SEC EDGAR. USD.
Fmc Corp FY2018 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Diversified chemical company focused on crop protection and specialty lithium compounds for agricultural, energy storage and industrial markets
- 2018 emphasis: DuPont Crop Protection integration, 30 new formulated products and six active ingredients entering launch pipeline
- Livent IPO completed October 15, 2018, with FMC retaining approximately 84% before planned March 1, 2019 distribution
- Agricultural Solutions revenue up 11% pro forma versus estimated crop protection market growth of 2% to 3%
- DuPont acquisition transformed FMC into the fifth-largest global agricultural chemicals provider, with 26 manufacturing plants
Management Discussion & Analysis
- Revenue $4,727.8M, up $1,849.2M or 64% YoY, driven by DuPont Crop Protection acquisition
- Gross margin 46% vs 39%; net income $502.1M vs $535.8M
- Best segment Agricultural Solutions: revenue $4,285.3M, up 69%; EBITDA $1,217.8M, up 111%
- Operating cash flow $446.0M; debt reduction approximately $550M, buybacks $200M, dividends $89.2M
- 2019 guidance: revenue $4.45B-$4.55B excluding Lithium; risks include higher working capital and environmental spending $75M-$80M
Risk Factors
- U.S. FDA and USDA enforcement: Bessemer City facility noncompliance could trigger recalls, production suspension, or criminal prosecution
- Argentina inflation and foreign-exchange controls: lithium operations exposed to adverse business effects
- Critical intermediates and finished products sourced principally from China: supplier disruption could impair product sales
- Generic pesticides and consolidated agrochemical competitors: patent expirations may erode Agricultural Solutions market position
- FMC Lithium spin-off tax opinion: IRS or courts could impose significant taxable gain and material tax liabilities
Generated from the filing text; verify against the original. How to read a 10-K
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