FMC Corporation Announces Second Quarter Results

FMC Corporation FMC today reported net income of $65.7 million, or $0.90 per diluted share, in the second quarter of 2010, versus net income of $69.3 million, or $0.94 per diluted share, in the second quarter of 2009. Net income in the current quarter included restructuring and other income and charges of $28.2 million after-tax, or charges of $0.38 per diluted share, versus restructuring and other income and charges of $11.3 million after-tax, or charges of $0.16 per diluted share, in the prior-year quarter. Excluding these items in both periods, FMC Corporation earned $1.28 per diluted share in the current quarter, an increase of 16 percent versus $1.10 per diluted share in the prior-year quarter. Second quarter revenue of $776.8 million was 11 percent higher than $700.3 million in the prior year.