FMC reports Q1 adjusted EPS 18c, consensus 9c

Reports Q1 revenue $791.4M, consensus $784.05M. “First quarter sales were largely in line with our expectations,” said Pierre Brondeau, FMC (FMC) chairman and chief executive officer. “Our strong focus on increasing product-on-the-ground3 while controlling sales into the channel allowed us to decrease the level of FMC inventory at our distribution partners and more closely align with customer targets in most countries. A continued prudent approach through Q2 will position us to deliver substantial growth in the second half.”