FMC Corp. Presents at Barclays Chemical ROC Stars Conference, May-07-2013 . Venue: New York, New York, United States. Speakers: Paul W. Graves, Chief Financial Officer and Executive Vice President.

FMC Corp. announced resignation of D. Michael Wilson, President of the Specialty Chemicals Group of the Company. Mr. Wilson's employment with the Company will end on April 30, 2013.

FMC Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported first quarter revenue of $990.2 million, a 5% increase over the same period in 2012. The company reported net income of $130.9 million, or $0.94 per diluted share, in the first quarter of 2013, versus net income of $119.1 million, or $0.85 per diluted share, in the first quarter of 2012. This quarter's results include charges of $20.6 million after tax, or $0.16 per diluted share, compared to charges of $16.3 million after tax, or $0.12 per diluted share, in the prior-year quarter. Excluding these items in both periods, adjusted earnings were $1.10 per diluted share in the current quarter, an increase of 13% versus the prior-year quarter. The company reported income from operations of $198.7 million, income from continuing operations before income taxes of $187.5 million, income from continuing operations of $140 million against income from operations of $188 million, income from continuing operations before income taxes of $176.8 million, income from continuing operations of $132 million a year ago. Adjusted after-tax earnings from continuing operations were $151.5 million or $1.10 per diluted share against adjusted after-tax earnings from continuing operations were $135.4 million or $0.97 per diluted share a year ago. Cash used in operating activities was $12.6 million against $12 million a year ago. Capital additions totaled $33 million. For the second quarter of 2013, the company anticipates adjusted earnings of $0.87 to $0.97 per diluted share. For the full year 2013, the company raised midpoint guidance by 9 cents, reflecting increased certainty in the full year outlook. The company expects to deliver full-year adjusted earnings of $3.93 to $4.07 per diluted share, a 15% increase over 2012 at the midpoint of this range. The company reaffirmed guidance of generating cash from operations of $650 million in 2013, with the bulk of that cash expected to be generated in the second and third quarters and expectation for 2013 of deploying $350 million into capital asset additions. The company also expects tax rate for the subsequent quarters to be in line with historical rate of 27.5%.