Short answer
Fmc Corp (FMC) filed its Q1 2019 10-Q quarterly report on May 8, 2019 for the quarter ended Mar 31, 2019.
Fmc Corp Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,192.1M, up $84.2M or 8% YoY, driven by Latin America revenue growth of 30% to $206.5M
- Gross margin 46% vs 45% YoY, excluding transaction charges 46% vs 48%; Adjusted EBITDA $343.4M vs $329.5M
- Net income $217.2M vs $269.6M YoY; adjusted earnings $229.3M vs $214.9M
- Operating cash flow $(282.9)M vs $(67.4)M, reflecting seasonal working-capital build; share repurchases approximately $100M
- 2019 outlook: revenue $4.5B to $4.6B, Adjusted EBITDA $1.18B to $1.22B; China plant shutdown creates supply-chain uncertainty
Risk Factors
- Newly triggered operational risk: China industrial-park explosion temporarily shut a contract manufacturer’s plant, with reopening date unknown
- Regulatory risk: Crop-protection products face evolving registration requirements and potential product-use restrictions across global markets
- Market risk: Adverse weather conditions affected U.S. and Australian demand during first-quarter 2019
- Financial risk: Short-term debt increased to $993.8 million from $547.7 million, primarily commercial paper borrowings
- Environmental risk: Environmental reserves totaled $515.0 million, with reasonably possible losses exceeding accrued amounts
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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