Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
FMC Corporation
Type
Public
Traded as NYSE: FMC
S&P 500 Component
Founded 1883; 134 years ago (1883)
Founder John Bean
Headquarters FMC Tower
Philadelphia, Pennsylvania
, United States
Key people
Pierre Brondeau (president and CEO)
Revenue
  • Increase US$ 3,874.8 million (2013)
  • Increase US$ 3,409.9 million (2012)
Operating income
  • Increase US$ 659.0 million (2013)
  • Increase US$ 639.1 million (2012)
Net income
  • Decrease US$ 293.9 million (2013)
  • Increase US$ 416.2 million (2012)
Total assets
  • Increase US$ 5,235.2 million (2013)
  • Increase US$ 4,373.9 million (2012)
Total equity
  • Increase US$ 1,572.1 million (2013)
  • Increase US$ 1,554.8 million (2012)
Number of employees
Approximately 6,000 (2016)
Divisions FMC Agricultural Solutions
FMC Health and Nutrition
FMC Lithium
Website FMC.com

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania. The company was founded by chemist John Bean in 1883 as the Bean Spray Pump Company in Los Gatos, California, producing piston pumps for insecticides. In 1928, Bean Spray Pump purchased two companies: the Anderson-Barngrover Co. and Sprague-Sells Co. At this time the company changed its name to Food Machinery Corporation, and began using the initials FMC. In 1941 the company FMC received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. Later FMC produced the M113, one of the most widely used AFVs ever. FMC employed 5,500 people worldwide, and had gross revenues of US$3.4 billion in 2011.

Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California by chemist John Bean. The company's first product was a piston pump. Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer was on display at the Forbes Mill museum in Los Gatos until its closure in 2014. Bean Avenue in downtown Los Gatos is named after John Bean.

In 1928, Bean Spray Pump purchased two companies: the Anderson-Barngrover Co. and Sprague-Sells Co. The Anderson-Barngrover Co. manufactured a sealed can rotary pressure sterilizer and the Sprague-Sells Co. manufactured canning machinery. At this time the company changed its name to Food Machinery Corporation, and began using the initials FMC.

FMC received a contract to design and build amphibious tracked landing vehicles for the United States War Department in 1941. FMC ranked 64th among United States corporations in the value of World War II military production contracts.

In 1961, the U.S. Navy's Bureau of Ships issued bids for a high performance amphibious ship-to-shore cargo carrier capable of moving over water at 35 knots (approx. 40 mph) and over ground at the same speed. It had to carry five tons of cargo across water, through the surf, across the beach, and inland. The vehicle also had to be quickly loaded and unloaded under combat conditions. FMC's Ordnance Division in San José, California built and tested two prototypes named "LVHX2 Landing Vehicle, Hydrofoil" for the U.S. Marine Corps. These were the first amphibious landing vehicles to make use of hydrofoils for high speed ship-to-shore operation. Although the LVHX2 never went into production, the Marine Corps used the prototypes in their continuous research and development program to develop better equipment for amphibious assault operations.

FMC later built the M113 Armored Personnel Carrier (APC), the Bradley Fighting Vehicle, and the XR311 at its former facility in Santa Clara, California. It also purchased the rights to manufacture some foreign military hardware, including the Brazilian EE-9 Cascavel, under license. Bean also manufactured fire fighting equipment in the 1960s through the 1980s under the FMC and the Bean names.

In 1972, personnel were transferred from ordnance to designing and building RVs (motorcoaches). The oil crisis and high prices led production to end after five years.

FMC also producedfire truck fire pumps and pumper bodies. It had an original equipment manufacturer (OEM) arrangement with Ladder Towers Inc. (LTI) to market aerial ladders. In the early 1980s the fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division. FMC's expansion into production of aerial ladders failed: the FMC Fire Apparatus division was shut down in 1990.

FMC sells chemical products used by beef and poultry processors to reduce pathogens, such a E. coli and salmonella, on uncooked beef and poultry. FMC obtained a patent on a method for sanitizing fowl that have been killed, plucked and eviscerated by contacting the fowl with an aqueous acid solution and maintaining that contact for a time sufficient to sanitize the fowl.

In 1946, FMC bought Bolens Lawn and Garden Equipment. FMC changed its name again in 1948, becoming Food Machinery and Chemical Corporation. In 1961 the name was changed to FMC Corporation.

In 1967, the FMC Corporation merged with the Link-Belt Company. The company produced FMC Link-Belt branded cranes and excavators. In 1986, the Link-Belt Construction Equipment Company was formed as a joint venture between FMC Corporation and Sumitomo Heavy Industries.

Between 1965 and 1985 FMC was the owner of the Gunderson metal works in Springfield, Oregon USA, during that period it was known as the 'Marine and Rail Equipment Division of FMC' (MRED), it was sold in 1985 to The Greenbrier Companies.

In the 1980s, 1990s, and 2000s, FMC Corporation began spinning several of its divisions into separate companies, including United Defense and FMC Technologies, and selling its divisions, including its automotive division to Snap-on Equipment, a division of Snap-on, in 1996. Snap-on renamed the division the "John Bean Company". Bolens was sold to Troy-Built in 1988.

FMC Corporation operated a phosphate mine and plant in Idaho on the Fort Hall Reservation of the federally recognized Shoshone-Bannock Tribes. Between 1949 and 2001, it produced an estimated 250 million pounds of elemental phosphorus annually. In 1989, as part of what is termed the Eastern Michaud Flats Contamination, its 1500-acre plant site was designated by EPA under CERCLA as a Superfund site because of extensive water and land pollution caused by these operations. After working to improve operations and air quality, the company abandoned the plant and related mine about 2001 because of much higher electricity costs and the challenge of cheaper phosphate coming from China. Seventeen mines in the area have been designated as Superfund sites because of selenium poisoning.

In 2009, CBS 60 Minutes ran an exposé on the use by farmers in Kenya of an FMC–produced pesticide, Furadan, as a poison to kill African lions. The piece suggested that Furadan was a serious threat to the future of the lion population in Africa. FMC has commented extensively on this issue through the media and their websites, including furadanfacts.com. They engaged with government officials, NGOs, and others to try and resolve the illegal use of pesticides to kill wildlife. The company took action to stop the sale of this product and instituted a buy-back program in East Africa when it determined that the illegal and intentional misuse of chemicals against wildlife could not be controlled by education or stewardship programs alone.

Plant behind a street in 1973

Chaires Engine 12-61 GMC FMC

1991 Ford FMC, New Market Community Volunteer Fire Department & SW Rescue

Notes

Further reading

Investment goal date:
Dividends reinvested
FMC Corporation FMC report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-07
--
--
Q4 2017
2018-02-06
--
--
Q3 2017
2017-11-06
--
--
Q3 2017
2017-11-06
0.7000
0.5200
Q2 2017
2017-08-01
0.4800
0.3600
Q1 2017
2017-05-02
0.4300
0.3300
Q4 2016
2017-02-06
0.8800
0.2600
Q3 2016
2016-11-02
0.6700
0.6100
Q2 2016
2016-08-02
0.6900
0.3400
Q1 2016
2016-05-02
0.5800
0.1900
Q4 2015
2016-02-10
0.7700
-1.3600
Q3 2015
2015-10-28
0.4200
0.0200
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
AMERIPRISE FINANCIAL INC
3253064
BlackRock Fund Advisors
2489606
BlackRock Inc.
8723379
BlackRock Institutional Trust Company, N.A.
3548683
CREDIT SUISSE AG/
2552958
Fairpointe Capital LLC
1993189
FMR LLC
4781796
GLENVIEW CAPITAL MANAGEMENT LLC
10577624
JENNISON ASSOCIATES LLC
3648681
KING LUTHER CAPITAL MANAGEMENT CORP
2899596
PRICE T ROWE ASSOCIATES INC /MD/
1810504
RUSSELL FRANK CO/
1925230
STATE STREET CORP
6308749
Vanguard Group, Inc
13437788
York Capital Management Global Advisors, LLC
2411624
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MOONEY EDWARD J
0.0100% (17034)
CCMP / FMC / FTI / NTRS /
GREER C SCOTT
0.0400% (55888)
FMC /
CORDEIRO EDUARDO E
0.0100% (16454)
CBT / FMC /
DALOIA G PETER
0.0400% (53414)
FMC / ITT / WBC /
NORRIS PAUL J
0.0500% (60582)
FMC /
DEAS THOMAS C JR
0.0400% (53425)
FMC /
UTECHT ANDREA E
0.0900% (117465)
FMC /
BRONDEAU PIERRE R
0.2000% (266302)
FMC / MRO / TEL /
WILSON D MICHAEL
0.0300% (41992)
ALB / FMC / NGVT /
Pallash Robert C
0.0300% (38726)
FMC / VC /
Powell William Howard
0.0100% (17603)
FMC / GVA / POL /
Volpe Vincent R JR
0.0400% (52109)
DRC / FMC /
DOUGLAS MARK
0.0500% (60993)
FMC / KWR /
Kempthorne Dirk A
0.0200% (31581)
FMC / ZEUS /
Johnson KLynne
0.0100% (16907)
FMC / TSE /
Flynn Edward T
0.0100% (17984)
FMC / GEL /
Graves Paul W
0.0600% (83441)
FMC /
Smith Michael P.
0.0100% (8794)
FMC / NGVT /
% ()