2011 indeed was a very good year for us and we are confident that we'll deliver another record year in 2012.Moving to our fourth quarter 2011 results. Sales of $909 million increased by 17% last year excluding the prior year impact of exited businesses. Adjusted earnings of $1.58 per diluted share increased 44% versus the year quarter ago. This stable adjusted earnings is well above the $1.30 to $1.40 range in the guidance we issued last quarter as we benefited from lower tax rate than projected in our previous guidance. We do expect this lower tax rate to be a sustaining contributor to our highest earnings profile going forward. Kim will review the details of this lower tax rate later in our call.
FMC's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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