FMC Corporation Raises Full-Year Guidance (Again) After Resilient Q2
It's been over two years since FMC Corporation (NYSE: FMC) announced a $1.6 billion acquisition of certain crop protection assets from the old DuPont, but the move keeps paying dividends -- for both the business and its shareholders. One of the key benefits of the transformative deal was the addition of a blockbuster insecticide portfolio with a heavy international presence, which provided ample insulation against historic weakness in the American Corn Belt in the first half of 2019.
FMC Corp. managed to use its bolstered global footprint to offset weakness caused by historic flooding in the American Great Plains, which delayed and prevented the planting of a record number of acres in 2019. In fact, the first half of the year went so well that management decided to increase full-year 2019 guidance for adjusted diluted earnings per share (EPS). Here's what investors need to know about the latest operating results.
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