0000037785-13-000022.txt : 20130604 0000037785-13-000022.hdr.sgml : 20130604 20130604082109 ACCESSION NUMBER: 0000037785-13-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130603 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130604 DATE AS OF CHANGE: 20130604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FMC CORP CENTRAL INDEX KEY: 0000037785 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 940479804 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02376 FILM NUMBER: 13889755 BUSINESS ADDRESS: STREET 1: 1735 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215 299-6000 MAIL ADDRESS: STREET 1: 1735 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: FOOD MACHINERY & CHEMICAL CORP DATE OF NAME CHANGE: 19670706 FORMER COMPANY: FORMER CONFORMED NAME: BEAN SPRAY PUMP CO DATE OF NAME CHANGE: 19670706 8-K 1 fmcsegmentresultsrecasted8.htm FORM 8-K FMC Segment Results Recasted 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________
 FORM 8-K
_______________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 3, 2013
__________________________________________________________________________
FMC CORPORATION
(Exact name of registrant as specified in its charter)
__________________________________________________________________________ 
Delaware
1-2376
94-0479804
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
 
 
1735 Market Street
Philadelphia, Pennsylvania
 
19103
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code: 215-299-6000
__________________________________________________________________________

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act
 
 
o
Soliciting material pursuant to Rule 14a-2 under the Exchange Act
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act






Item 2.02 Results of Operations and Financial Condition.
In April 2013, FMC ("we") made the decision to simplify our organizational structure to focus on three core business segments. The new segments better reflect the markets where we participate and lead today, where we expect to grow in the future and how the chief decision maker will make decisions.
Beginning in the second quarter of 2013 the following changes have been made:
•Our BioPolymer division has been moved into a standalone reporting segment and renamed FMC Health and Nutrition. This change reflects our strategic intent to continue to broaden our product and customer base in faster growing food and pharmaceutical segments and to expand in nutraceuticals, personal care and similar markets.
•We are reporting our Lithium and Alkali Chemicals divisions as a single reporting segment, FMC Minerals. We believe by doing this we will leverage resources and improve operating performance in both businesses.
•Our Agricultural Products Group has been renamed FMC Agricultural Solutions. We believe this name change better reflects the value-added solutions and services that we provide to our customers.
•Finally, our Peroxygens and related Environmental Solutions product lines have become a standalone reporting segment called FMC Peroxygens. We have begun exploring the divestiture of all or significant portions of this segment.
Attached as Exhibit 99.1 is a schedule presenting our segment data for the first quarter of 2013, the four quarters of 2012 and 2011 as well as full year 2012, 2011, 2010 and 2009 recast for the segment changes noted above.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1    Segment Results Recasted






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
FMC CORPORATION
(Registrant)
 
 
 
 
 
 
By:
/S/ PAUL W. GRAVES
 
 
Paul W. Graves
Executive Vice President and
Chief Financial Officer
Date: June 3, 2013






EXHIBIT INDEX
Exhibit No.
  
Exhibit Description
99.1
  
Segment Results Recasted



 EX-99.1 2 fmcex991segmentresultsreca.htm SEGMENT RECASTING FMC Ex 99.1 Segment Results Recasted

Exhibit 99.1
FMC CORPORATION AND CONSOLIDATED SUBSIDIARIES
INDUSTRY SEGMENT DATA - RECASTED

In April 2013, FMC ("we") made the decision to simplify our organizational structure to focus on three core business segments. The new segments better reflect the markets where we participate and lead today, where we expect to grow in the future and how the chief decision maker will make decisions.
Beginning in the second quarter of 2013 the following changes have been made:
•
Our BioPolymer division has been moved into a standalone reporting segment and renamed FMC Health and Nutrition. This change reflects our strategic intent to continue to broaden our product and customer base in faster growing food and pharmaceutical segments and to expand in nutraceuticals, personal care and similar markets.
•
We are reporting our Lithium and Alkali Chemicals divisions as a single reporting segment, FMC Minerals. We believe by doing this we will leverage resources and improve operating performance in both businesses.
•
Our Agricultural Products Group has been renamed FMC Agricultural Solutions. We believe this name change better reflects the value-added solutions and services that we provide to our customers.
•
Finally, our Peroxygens and related Environmental Solutions product lines have become a standalone reporting segment called FMC Peroxygens. We have begun exploring the divestiture of all or significant portions of this segment.
We have recast the data from prior periods to reflect these change to conform to the current year presentation. 
 
Q1-QTD
Q1-QTD
Q2-QTD
Q3-QTD
Q4-QTD
Full Year
Q1-QTD
Q2-QTD
Q3-QTD
Q4-QTD
Full Year
Full Year
Full Year
(unaudited, in millions)
2013
2012
2012
2012
2012
2012
2011
2011
2011
2011
2011
2010
2009
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
FMC Agricultural Solutions
$
495.2

$
454.2

$
393.6

$
423.6

$
492.4

$
1,763.8

$
343.6

$
329.6

$
382.1

$
409.2

$
1,464.5

$
1,241.8

$
1,051.6

FMC Health and Nutrition
191.9

164.6

174.4

173.7

168.1

680.8

159.9

169.8

164.5

160.1

654.3

611.5

579.2

FMC Minerals
224.6

236.2

249.5

224.6

255.9

966.2

209.6

225.9

229.1

252.9

917.5

834.1

753.9

FMC Peroxygens
79.6

85.9

87.8

80.6

84.7

339.0

82.0

87.0

86.5

86.6

342.1

430.3

450.2

Eliminations
(1.1
)
(0.2
)
(0.1
)
(0.1
)
(1.1
)
(1.5
)
(0.1
)
(0.1
)
(0.1
)
(0.2
)
(0.5
)
(1.4
)
(8.7
)
Total
990.2

940.7

905.2

902.4

1,000.0

3,748.3

795.0

812.2

862.1

908.6

3,377.9

3,116.3

2,826.2

Income from continuing operations before income taxes
 
 
 
 
 
 
 
 
 
 
 
FMC Agricultural Solutions
163.3

130.5

112.3

100.9

110.3

454.0

99.4

96.1

81.9

72.4

349.8

308.8

288.3

FMC Health and Nutrition
43.7

40.8

44.9

40.3

35.6

161.6

35.0

45.0

41.7

37.7

159.4

145.5

134.8

FMC Minerals
29.0

47.6

44.9

34.6

44.3

171.4

46.4

42.1

36.8

50.4

175.7

145.1

123.6

FMC Peroxygens
5.7

6.9

7.8

7.0

8.4

30.1

6.1

7.2

7.0

7.7

28.0

20.9

(5.7
)
Eliminations
(0.1
)
—

0.1

—

(0.5
)
(0.4
)
—

—

—

—

—

1.0

(0.1
)
Segment operating profit
241.6

225.8

210.0

182.8

198.1

816.7

186.9

190.4

167.4

168.2

712.9

621.3

540.9

Corporate and other
(19.8
)
(23.5
)
(16.9
)
(16.2
)
(22.0
)
(78.6
)
(22.0
)
(19.3
)
(14.5
)
(19.5
)
(75.3
)
(59.7
)
(67.0
)
Operating profit before the items listed below (1)
221.8

202.3

193.1

166.6

176.1

738.1

164.9

171.1

152.9

148.7

637.6

561.6

473.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Restructuring and other (charges) income
(9.9
)
(1.7
)
(5.6
)
(11.6
)
(19.2
)
(38.1
)
(4.5
)
(9.3
)
(13.4
)
(5.2
)
(32.4
)
(151.9
)
(132.8
)
Interest expense, net
(11.7
)
(11.3
)
(11.5
)
(11.0
)
(11.5
)
(45.3
)
(9.9
)
(10.5
)
(9.1
)
(9.9
)
(39.4
)
(39.3
)
(27.0
)
Non-operating pension and postretirement charges
(12.7
)
(9.1
)
(9.1
)
(8.1
)
(8.6
)
(34.9
)
(4.5
)
(4.5
)
(3.4
)
(2.1
)
(14.5
)
(19.9
)
3.0

Acquisition-related charges
—

(3.4
)
(3.2
)
(0.6
)
—

(7.2
)
—

—

—

(0.8
)
(0.8
)
—

(7.1
)
Provision for income taxes
(47.3
)
(44.8
)
(45.3
)
(34.4
)
(22.2
)
(146.7
)
(40.6
)
(25.7
)
(29.8
)
(40.4
)
(136.5
)
(132.0
)
(53.0
)
Discontinued operations, net of income taxes
(5.2
)
(7.4
)
(8.1
)
(6.3
)
(8.4
)
(30.2
)
(8.0
)
(8.9
)
(6.3
)
(8.6
)
(31.8
)
(33.6
)
(18.2
)
Net income attributable to noncontrolling interests
(4.1
)
(5.5
)
(5.4
)
(4.6
)
(4.0
)
(19.5
)
(3.4
)
(5.0
)
(4.1
)
(3.8
)
(16.3
)
(12.4
)
(10.3
)
Net income attributable to FMC stockholders
$
130.9

$
119.1

$
104.9

$
90.0

$
102.2

$
416.2

$
94.0

$
107.2

$
86.8

$
77.9

$
365.9

$
172.5

$
228.5

(1) Also referred to as Adjusted Operating Profit (Non-GAAP)