Short answer
Fmc Corp (FMC) filed its Q2 2019 10-Q quarterly report on Jul 31, 2019 for the quarter ended Jun 30, 2019.
Fmc Corp Q2 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $1,206.1M, up $51.7M or 4% YoY
- Gross margin 46% vs 42% YoY, adjusted gross margin 46% vs 46%
- Best region Latin America: $256.7M, up 29% YoY; worst Asia: $311.6M, down 2%
- Cash $83.4M vs $134.4M at December 31; operating cash flow $(216.8)M vs $200.5M
- 2019 guidance: revenue $4.5B to $4.6B, Adjusted EBITDA $1.18B to $1.22B; China plant shutdown and raw-material costs remain headwinds
Risk Factors
- New litigation risk: Livent IPO class action filed May 13, 2019, naming FMC and alleging Securities Act disclosure violations
- Environmental compliance risk: Middleport settlement with NYSDEC replaced the 1991 agreement, with no reserve adjustment required
- Supply-chain risk: China industrial-park explosion shut a contract manufacturer’s plant, with reopening date unknown
- Liquidity risk: Short-term debt and current maturities increased to $1,094.2 million from $547.7 million
- Currency risk: Foreign exchange contracts totaled $1,103 million for hedged transactions and $1,217 million for non-designated positions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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