São Paulo, 9 – The US agrochemical company FMC posted net income of US$ 193.1 million, or US$ 1.52 per share, in the fourth quarter of 2021, the company said on Tuesday, 8. The result represents an increase of 290% compared to the US$ 49.5 million, or US$ 0.38 per share, registered in the same period of the previous year. In adjusted terms, earnings increased 52% to $2.16 per share. Revenue grew 23% in the same comparison, to US$ 1.41 billion.
“Revenue growth was particularly robust in North America and Latin America,” said FMC President and CEO Mark Douglas in a statement. Sales in Latin America increased 30% year-on-year, reflecting strong demand for soy and corn products and price increases. These factors, however, were partially offset by the weakening of the real.
In North America, revenue increased 81%, with higher sales volumes, higher prices, new products and the continued expansion of active ingredients Rynaxypyr and Cyazypyr, FMC said. In Asia, sales decreased by 3%, mainly reflecting adverse weather conditions in several countries, including China. This ended up overshadowing solid growth in Australia and India. Revenue in EMEA (Europe, Middle East and Africa) declined by 8%.
For full-year 2021, FMC expects adjusted earnings to be between $6.80 and $8.10 per share. Revenue should be between US$ 5.25 billion and US$ 5.55 billion.
know more
+ SP: Man dies standing, leaning against car, and scene scares residents on the coast
+ One twin became vegan, the other ate meat. Check the result
+ Reincarnation in history: an age-old belief
+ Andressa Urach asks for money on the internet: ‘Help me pay my card bill’
+ Horoscope: check today’s forecast for your sign
+ CNH: see what you need to know for the application and renewal
+ See which were the most stolen cars in SP in 2021
+ Expedition identifies giant squid responsible for ship sinking in 2011
+ Everything you need to know before buying a crockpot
+ US Agency warns: never wash raw chicken meat
+ What is known about fluorone?
+ Trick to squeeze lemons becomes a craze on social media
+ IPVA 2022 SP: see how to consult and pay the tax
#Defensives #USA #FMC #profit #increases #4th #quarter #ISTOÉ #DINHEIRO