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TheStreet Open House

FMC Management Discusses Q2 2012 Results - Earnings Call Transcript

FMC (FMC)

Q2 2012 Earnings Call

August 01, 2012 10:00 am ET

Executives

Andrew D. Sandifer - Vice President of Corporate Planning and Development

Pierre R. Brondeau - Chairman, Chief Executive Officer, President and Chairman of Executive Committee

D. Michael Wilson - President of Specialty Chemicals Group

W. Kim Foster - Chief Financial Officer and Executive Vice President

Mark A. Douglas - President of Industrial Chemicals Group

Milton Steele - President of the Agricultural Products Group

Analysts

John P. McNulty - Crédit Suisse AG, Research Division

Kevin W. McCarthy - BofA Merrill Lynch, Research Division

Michael J. Harrison - First Analysis Securities Corporation, Research Division

Peter Butler

Laurence Alexander - Jefferies & Company, Inc., Research Division

Michael J. Sison - KeyBanc Capital Markets Inc., Research Division

Dmitry Silversteyn - Longbow Research LLC

Presentation

Operator

Good morning, and welcome to the Second Quarter 2012 Earnings Release Conference Call for FMC Corporation. [Operator Instructions] I will now turn the conference over to Mr. Andrew Sandifer, Vice President, Strategic Development and Investor Relations for FMC Corporation. Mr. Sandifer, sir, you may begin.

Andrew D. Sandifer

Thanks, Shannon. Welcome, everyone, to FMC's Second Quarter 2012 Conference Call and Webcast. Joining me today are Pierre Brondeau, President, Chief Executive Officer and Chairman; Michael Wilson, President, Specialty Chemicals Group; and Kim Foster, Executive Vice President and Chief Financial Officer.

We have a full agenda today. First, Pierre will begin with a review of our second quarter performance. Mike will then provide an in-depth review of the BioPolymer and Lithium businesses that comprise our Specialty Chemicals Group. Following this review, Kim Foster will report on our financial position. Next, Pierre will update you on our significant progress in delivering our Vision 2015 strategic plan. Pierre will then finish our prepared remarks by providing our outlook for the third quarter and full year 2012. We'll then complete the call by taking your questions. Joining Pierre, Kim and Michael for the Q&A session will be Milton Steele, President, Agricultural Products Group; and Mark Douglas, President, Industrial Chemicals Group.

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