The push to boost crop yields should benefit agriculture-focused FMC.
Narrow-moat FMC reported decent 2016 results, with full-year adjusted earnings up 14% to $2.82, roughly in line with our expectations and management guidance. Revenue for the year was roughly flat at $3.3 billion, while an improved product mix combined with cost reductions led adjusted EBITDA to increase about 13% to $715 million. Management forecast a 21% 2017 adjusted EPS growth at the midpoint of its guidance range, which we think is achievable due to outperformance in the lithium segment. Ba...FMC is an agricultural sciences company. The company provides solutions to growers around the world with a product portfolio fueled by a discovery and development pipeline in crop protection, plant health, and personnel pest and turf management. This combination of technologies includes insect control products based on Rynaxypyr? and Cyazypyr? active ingredients; Authority?, Boral?, Centium?, Command? and Gamit? branded herbicides; Talstar? and Hero? insecticides; and flutriafol-based fungicides. The company's products are used in agriculture to improve crop yield and quality by controlling a range of insects, weeds and disease, as well as in non-agricultural markets for pest control.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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