Company results: Higher lithium prices boost FMC revenues in Q1

By Martim Facada
Published: Friday, 09 June 2017

Lithium earnings up 45%; Higher prices for hydroxide: Revenues increase 9%

FMC Corp saw earnings from its lithium segment jump to $22m in Q1 2017, from $15m from Q4 2016.

Meanwhile revenue from the segment rose 9% to $66m.

Higher prices and improved product mix in Q1 offset the impact of lower volume and higher costs on earnings, according to the US-based producer.

Outlook

In the same announcement, FMC increased its lithium outlook for the full year by $10m at the mid-point versus the prior forecast. 

The segment revenue for full year 2017 is forecasted to be in a range of $325-365m and the full-year segment earnings are anticipated to be between $100m and $120 m.

This revised forecast for full year segment earnings represents an increase of over 55% at the mid-point compared to the prior year while second quarter earnings are expected to range between $19m and $23m, an increase of 27% at the mid-point compared to the prior year quarter.

This article from the June issue of Industrial Minerals magazine was first  published online on 3 May 2017.