FMC Corporation

FMC Corporation

FMC Corporation

Overview
Date Founded

1883

Headquarters

1735 Market Street,Philadelphia, PA 19103-7501

Type of Company

Public

Employees (Worldwide)

7,000

Industries

Chemicals
Textiles
Hospitals & Patient Services
Industrial Machinery & Manufacturing
Computer Software
Agriculture & Mills
Non-Energy Mining & Minerals

Company Description

FMC is one of the world’s leading specialty chemical companies. We are proud that our chemistries are helping to grow the world’s food, enabling new innovations in pharmaceutical delivery, enhancing foods and beverages, contributing to a more sustainable energy supply, facilitating the remediation of our environment, and advancing the manufacture of hundreds of essential products.

Website
Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer & Vice President

Chief Technology Officer & Vice President

Vice President, Corporate Controller & Chief Accounting Officer

Chief Executive Officer, Planned FMC Lithium Company

Vice President & Global Business Director, Lithium

Vice President, Communications & Public Affairs

Board of Directors

Chief Executive Officer at FMC Corporation

Former Governor of Idaho

Professional at Ascend Performance Materials LLC

Former Director at Imperial Chemical Industries Ltd.

Former General Manager, Fumed Metal Oxides & Tantalum Businesses at Cabot Corp.

Managing Director at Ascend Performance Materials Holdings, Inc.

Executive Vice President of Marketing & Commerce at Def Jam Recordings, Inc.

Future Executive Vice President, Development & Production Brazil at Equinor ASA (Effective 10/2018)

Former Chief Executive Officer & President at Elevance Renewable Sciences, Inc.

Chairman, Chief Executive Officer & President at Lehavre Athletic Club

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Owners & Shareholders
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Glenview Capital Management (GCM) manages the Glenview Funds, the Opportunity Funds, the GCM Equity Funds, and the Little Arbor Funds. The Glenview Funds employ a long/short strategy that invests in equity and fixed income securities using a bottom-up, fundamental research process. The Glenview Funds have position size and gross exposure guidelines. The Opportunity Funds employ a purely opportunistic investment approach, and have no limits as to the number or size of positions, security types or industry concentration. The GCM Equity Funds employ a long-only strategy that invests in the equity securities of companies with market-cap greater than $10 billion. The GCM Equity Funds are limited life funds that are being offered to existing investors and their affiliates in the Glenview Funds and the Opportunity Funds. The GCM Equity Funds have position size and exposure guidelines and do not expect to incur leverage in order to enhance investments. GCM also manages GCM Investment Partners LP, a private fund that is open to qualified employees of GCM and certain other persons. The Fund allocates its capital to individual funds in the Glenview Fund family and the Opportunity Fund family.^GCM's investment process focuses on deep, fundamental research and individual security selection primarily within equity and credit-oriented strategies. The firm employs a GARP investment approach that focuses on companies in stable industries, with recurring revenue streams or entrenched market positions. GCM may also focus on contrarian investments (cyclical or company specific). They often combine GARP and contrarian investing when a steady growth business emerges within a company as the dominant economic force over a more challenged business unit. GCM invests in stored or hidden value situations, where excess balance sheet capacity may be used to accelerate returns or where contractual rights or startup operations show no present value but may be significant drivers of value tomorrow. ^In addition to long equity investments, GCM commits significant capital to short equity positions. They look for companies whose industries face cyclical, transitory or secular headwinds, whose competitive position is likely to erode over the near- to medium-term, and companies whose liquidity profile will potentially create equity value impairment or cause future issuance of additional equity at lower prices. GCM may also maintain short positions in equity index futures or other index products to reduce net market risk. GCM also engages in long and short credit positions with emphasis on business or asset stability over growth. GCM may seek to reduce the risk through other hedges that protect the overall portfolio of the Funds, including interest rates, foreign currencies or sovereign, corporate or asset-backed credit spreads.

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Suvretta Capital Management employs a global long-short equity strategy which includes deep fundamental analysis, “industry before company” investing, trading, options, strong risk control management and an appreciation for macro influences on equities. Suvretta generally uses equities, futures, ETFs, and equity options to implement the funds' investments. express its investment opinion. The firm prefers to express an investment opinion in the equity security and use options to hedge unexpected risk in the security or to enhance its view in a cost efficient manner. Suvretta may use ETFs and futures to hedge unwanted industry or market exposure.Suvretta’s investment philosophy focuses on investing in mid- and large-cap companies where the investment personnel can generate a differentiated investment view that can be expressed in equities that are liquid. This is also a generalist portfolio, without a focus on any particular industry or sector. The sectors that the funds invest in include, but are not limited to, consumer/retail; technology, media and telecommunications; healthcare services; industrials; financials and energy. Suvretta tends to avoid investments in industries and companies in which the equity performance is driven by binary events or “data point” investing. The portfolio is comprised mainly of US and Western European issuers. Suvretta seeks to hedge within sectors to limit the amount of basis risk within the portfolio. The firm believes that short positions should generate alpha and seeks to have the majority of the short portfolio in single stock positions. If there is an inability to find single stock shorts, the first option is to create a basket of shorts, and if that is suboptimal, to use ETFs.

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Foord Singapore is an active, long-term manager with an absolute return focus which aims to preserve capital and manage risk. They seek to produce consistent, inflation-beating returns using a combination of sound asset allocation and selection of undervalued securities. The firm performs fundamental analysis of future revenue streams and associated risks. They construct benchmark-agnostic portfolios by applying objective, independent perspectives to their composition and employ diversification often but not excessively. Their investment team collectively conducts the Monthly Macroeconomic Review, evaluating and forecasting key global and local macroeconomic variables for up to three years. On this basis, portfolio asset allocations and sector allocations are determined to achieve the necessary diversification.Foord Singapore’s analysts and portfolio managers conduct company research, utilizing the investment strategy and macroeconomic review on models that consolidate the results of earnings forecasts, industry analysis and meetings with individual company management. Analysts also research the bond, money market and listed real estate universes.Their investment process results in a portfolio reflecting high conviction investment ideas which is diversified against the risk of an incorrect view so as to protect investor capital across market cycles.

Recent Transactions
Details Hidden

Nufarm Ltd. purchases FMC Corp. /European Herbicide Portfolio Business from FMC Corporation

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FMC Corporation purchases E.I. du Pont de Nemours & Co. /Crop Protection Business from DuPont

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DuPont purchases FMC Corp. /Health & Nutrition Business from FMC Corporation

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onIsrael Chemicals Ltd. purchases Astaris LLC from FMC Corporation, Solutia, Inc.

Auditor

Advised onFMC Corporation issued Common Stock

Accountant

Advised onFMC Corporation purchases Pronova Biopolymer AS from Norsk Hydro ASA

Legal Advisor

Advised onFMC Corporation purchases Cheminova A/S from Auriga Industries A/S

Legal Advisor

Advised onAlbaugh LLC, Atanor do Brasil Ltda. purchase Consagro Agroquimica Ltda. from FMC Corporation

Legal Advisor

Advised onFMC Corporation purchases E.I. du Pont de Nemours & Co. /Crop Protection Business from DuPont

Advisors & Consultants
Legal Advisor

Partner at Kirkland & Ellis LLP

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Founder at Bartlit Beck Herman Palenchar & Scott LLP

Clients

Marrone Bio Innovations, Inc. engages in the provision of bio-based pest management and plant health products for the agricultural and water treatment markets. Its brand includes regalia, bio-tam, grandevo, venerate, and majestene. The company was founded by Pamela G. Marrone on June 15, 2006 and is headquartered in Davis, CA.

Advanced Lithium Electrochemistry (Cayman) Co. Ltd. engages in the manufacture and sale of lithium iron phosphate cathode materials. Its business activities include the research and development, manufacture, and sale of electric buses and battery charging for electric system. The company was founded on November 16, 2007 and is headquartered in Taoyuan, Taiwan.

Key Stats and Financials As of 2017
Market Capitalization
$11.9B
Total Enterprise Value
$15.7B
Earnings Per Share
$-1.42
Revenue
$2.88B
Total Equity
$2.71B
EBITDAMargin
22.15%
Enterprise Value Sales
5.44x
Enterprise Value EBITDAOperating
24.55x
Debt TEV
0.21x
Total Debt
$3.21B
EBITDA
$638M
TEVNet Income
-81.82x
Net Profit
$-191M
Three Year Compounded Annual Growth Rate Of Revenue
-10.67%
Five Year Compounded Annual Growth Rate Of Revenue
-5.14%
Political Donations
Suppliers
SIFCO Industries, Inc. Aerospace & Defense | Cleveland, OH

SIFCO Industries, Inc. engages in the manufacture of forgings and machined components for the aerospace and energy markets. Its products include aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters, and commercial or industrial products. It also provides heat-treatment, surface-treatment, non-destructive testing, and select machining of forged components. The company was founded in 1916 and is headquartered in Cleveland, OH.

Meghmani Organics Limited Chemicals | Ahmedabad, GU

Meghmani Organics Ltd. is a holding company, which engages in the provision of vertically-intergrated agrochemicals player. It operates through the following segments: Pigments, Agro Chemicals, and Others. The Pigments segment focuses on plastics, printing inks, and coating categories. The Other segment includes trading activity. The company was founded by Jayanti Meghjibhai Patel, Ashish Natwarlal Soparkar, Natwarlal Meghjibhai Patel, Ramesh Meghjibhai Patel and Anand Ishwerbhai Patel in 1986 and is headquartered in Ahmedabad, India.

Nemaska Exploration Inc. Non-Energy Mining & Minerals | Québec, QC

Nemaska Lithium, Inc. is an exploration company which, engages in the provision of development and exploration of lithium mining properties. It includes producing lithium hydroxide and lithium carbonate. The company was founded on May 16, 2007 and is headquartered in Quebec, Canada.

Competitors
Dowdupont, Inc. Plastics & Synthetics - Wilimington, DE

DowDuPont, Inc. is a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; and Safety & Construction. The Agriculture segment focuses on seed and crop protection businesses. The Performance Materials & Coatings segment caters the uses silicones, acrylics, and cellulosics-based technology platforms. The Industrial Intermediates & Infrastructure segment includes construction chemicals, energy solutions, industrial solutions, and polyurethanes and chlor-alkali and vinyl. The Packaging & Specialty Plastics segment produces ethylene, polyolefin elastomers, and ethylene propylene diene monomer elastomers. The Electronics & Imaging segment supplies materials for consumer electronics. The Nutrition & Biosciences segment offers solutions for the food and beverage, pharma, personal care, energy, and animal nutrition markets. The Transportation & Advanced Polymers comprises of engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics, medical, industrial, and consumer end-markets. The Safety & Construction segment includes engineered products and integrated systems for the construction, worker safety, energy, oil and gas, transportation, medical devices, and water purification and separation. The company is headquartered in Wilmington, DE.

Platform Specialty Products Corporation Chemicals - West Palm Beach, FL

Platform Specialty Products Corp. engages in the provision of technology chemical products and technical services. It operates its business through the Performance Solutions and Agricultural Solutions segments. The Performance Solutions segment formulates and markets chemistry solutions that are used in production, commercial packaging and printing, electronics, and oil and gas production and drilling. The Agricultural Solutions segment is based on a solutions-oriented business model that focuses on its product improvement address an ever increasing need for higher crop yield and quality. The company was founded by Martin E. Franklin on April 23, 2013 and is headquartered in West Palm Beach, FL.

Albemarle Corp. Plastics & Synthetics - Charlotte, LA

At Albemarle, our 4,000+ employees around the globe put their ideas and innovations to work every day for communities and customers around the globe. We focus on creating solutions that meet society's needs in over 100 countries. We are a leading developer, manufacturer and marketer of complex chemicals and services that make life better for people everywhere. Whether it's Polymer Solutions, Catalysts or Fine Chemistry, we leverage our knowledge, experience and creativity to solve our customers' toughest challenges and deliver valuable solutions the right way. Our innovations are seen in everyday applications such as those that add life-saving properties to resins used in electronics and appliances, protect crops, reduce mercury emissions, safeguard food against bacteria, provide the active ingredients in pharmaceuticals and that help create cleaner transportation fuels. Our products and services create value for our customers by improving product performance, providing essential product attributes, lowering costs and simplifying processes. Through our innovation-driven culture and growth-focused strategies, Albemarle is committed to delivering exceptional performance that creates a better tomorrow for all of our stakeholders

Awards & Honors
Rank #654
2016
Fortune Magazine - Fortune 1000 Companies
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