FMC Corp (NYSE:FMC)

$ 67.53 0.51 (0.76%) Market Cap: 8.43 Bil Enterprise Value: 12.35 Bil PE Ratio: 7.54 PB Ratio: 1.96 GF Score: 78/100

FMC Corp at Credit Suisse Basic Materials Conference Transcript

Sep 10, 2019 / 02:00PM GMT

Release Date Price: $86.6 (-0.48%)

Transcript

Christopher S. Parkinson;dit Suisse AG;Mark A. Douglas

CrÃ;Research Division - Director of Equity Research;FMC Corporation -

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I think we're going to get started. Next up is our top pick, FMC. FMC's ability to consistently outperform CPC markets is nothing short of impressive and a theme we expect to continue in '20 and '21 based on the strength of its R&D pipeline. The company is successful in maneuvering industry headwinds, such as tariffs and FX, via pricing mechanisms, while it is in large part in control of its own destiny on the cost front with the DuPont TSA rolling off in the beginning of 2020 as well as its recent SAP implementation, which is ongoing. Cash flow conversion is also set to almost double over the next few years to 75% to 80%, which is also additive to its impressive growth characteristics.

Today, I'm very, very happy to have COO, Mark Douglas, as well as CFO, Andrew Sandifer, to further elaborate on why the story is a buy. It will be a fireside chat.

First of all, good morning, thank you for coming.

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