Subtext

FMC

SectorMaterials
Transcripts63
Date range2009-05-05 – 2025-05-01
Calls charted63

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202009 Q12011 Q12013 Q22015 Q32017 Q32019 Q32021 Q32023 Q32009 Q1 · Overall: -0.72009 Q2 · Overall: +3.92009 Q3 · Overall: +7.32009 Q4 · Overall: +6.92010 Q1 · Overall: +14.62010 Q2 · Overall: +14.52010 Q3 · Overall: +8.22010 Q4 · Overall: +6.92011 Q1 · Overall: +7.32011 Q2 · Overall: +14.92011 Q3 · Overall: +17.32011 Q4 · Overall: +8.82012 Q1 · Overall: +9.12012 Q2 · Overall: +5.72012 Q4 · Overall: +4.52013 Q1 · Overall: +9.32013 Q2 · Overall: +11.32013 Q3 · Overall: -0.12013 Q4 · Overall: +6.12014 Q1 · Overall: +6.12014 Q2 · Overall: +10.42014 Q3 · Overall: +2.22014 Q4 · Overall: +4.62015 Q2 · Overall: +4.72015 Q3 · Overall: +5.62015 Q4 · Overall: +1.22016 Q1 · Overall: +7.52016 Q2 · Overall: +4.82016 Q3 · Overall: +7.02016 Q4 · Overall: +5.92017 Q1 · Overall: +7.42017 Q2 · Overall: +4.22017 Q3 · Overall: +8.02017 Q4 · Overall: +4.12018 Q1 · Overall: +10.92018 Q2 · Overall: +4.52018 Q3 · Overall: +7.12018 Q4 · Overall: +5.12019 Q1 · Overall: +3.52019 Q2 · Overall: +6.22019 Q3 · Overall: +10.72019 Q4 · Overall: +4.22020 Q1 · Overall: +1.42020 Q2 · Overall: +3.12020 Q3 · Overall: +7.62020 Q4 · Overall: +5.92021 Q1 · Overall: +5.52021 Q2 · Overall: +3.42021 Q3 · Overall: +7.02021 Q4 · Overall: +2.82022 Q1 · Overall: +0.52022 Q2 · Overall: +4.32022 Q3 · Overall: +7.22022 Q4 · Overall: +5.12023 Q1 · Overall: +5.32023 Q2 · Overall: +1.02023 Q3 · Overall: -0.62023 Q4 · Overall: +2.02024 Q1 · Overall: -5.82024 Q2 · Overall: +3.92024 Q3 · Overall: -4.72024 Q4 · Overall: +0.62025 Q1 · Overall: +1.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-35-18+0+18+352009 Q12011 Q12013 Q22015 Q32017 Q32019 Q32021 Q32023 Q32009 Q1 · CEO: +0.22009 Q2 · CEO: +4.52009 Q3 · CEO: +7.22009 Q4 · CEO: +13.72010 Q1 · CEO: +10.52010 Q2 · CEO: +14.72010 Q3 · CEO: +11.92010 Q4 · CEO: +13.22011 Q1 · CEO: +17.52011 Q2 · CEO: +21.62011 Q3 · CEO: +15.52011 Q4 · CEO: +18.52012 Q1 · CEO: +15.02012 Q2 · CEO: +11.92012 Q4 · CEO: +10.42013 Q1 · CEO: +14.02013 Q2 · CEO: +15.22013 Q3 · CEO: +4.62013 Q4 · CEO: +11.02014 Q1 · CEO: +10.62014 Q2 · CEO: +16.92014 Q3 · CEO: +5.42014 Q4 · CEO: +8.92015 Q4 · CEO: +1.92016 Q3 · CEO: +8.42016 Q4 · CEO: +7.52017 Q1 · CEO: +10.32017 Q2 · CEO: +5.42017 Q3 · CEO: +13.32017 Q4 · CEO: +8.02018 Q1 · CEO: +14.02018 Q2 · CEO: +4.82018 Q3 · CEO: +9.72018 Q4 · CEO: +8.02019 Q1 · CEO: +11.92019 Q3 · CEO: +12.02019 Q4 · CEO: +6.92020 Q1 · CEO: +1.32020 Q2 · CEO: +0.62020 Q3 · CEO: +7.52020 Q4 · CEO: +6.12021 Q1 · CEO: +8.52021 Q2 · CEO: +4.92021 Q3 · CEO: +11.42021 Q4 · CEO: +3.72022 Q1 · CEO: +3.42022 Q2 · CEO: +6.42022 Q3 · CEO: +14.82022 Q4 · CEO: +7.52023 Q1 · CEO: +9.82023 Q2 · CEO: +0.42023 Q3 · CEO: +4.12023 Q4 · CEO: +3.92024 Q2 · CEO: +3.82024 Q3 · CEO: -5.92024 Q4 · CEO: +0.22025 Q1 · CEO: +1.32009 Q1 · CFO: +15.32009 Q2 · CFO: +8.52009 Q3 · CFO: +14.82009 Q4 · CFO: +4.22010 Q1 · CFO: +30.52010 Q2 · CFO: +21.82010 Q3 · CFO: +7.52010 Q4 · CFO: -4.42011 Q1 · CFO: +0.92011 Q2 · CFO: +7.22011 Q3 · CFO: +22.72011 Q4 · CFO: +7.12012 Q1 · CFO: +7.72012 Q2 · CFO: -2.82012 Q4 · CFO: +6.12013 Q1 · CFO: -0.92013 Q2 · CFO: +0.02013 Q3 · CFO: -4.92013 Q4 · CFO: +1.92014 Q1 · CFO: -2.52014 Q2 · CFO: +3.92014 Q3 · CFO: +1.92014 Q4 · CFO: +0.02015 Q4 · CFO: +5.72016 Q3 · CFO: +11.22016 Q4 · CFO: +8.62017 Q1 · CFO: -3.72017 Q2 · CFO: +12.12017 Q3 · CFO: +12.02017 Q4 · CFO: -0.92018 Q1 · CFO: +2.62018 Q2 · CFO: +1.92018 Q3 · CFO: -3.22018 Q4 · CFO: +6.62019 Q1 · CFO: -2.22019 Q2 · CFO: +5.92019 Q3 · CFO: +15.92019 Q4 · CFO: +3.72020 Q1 · CFO: +4.42020 Q2 · CFO: +14.22020 Q3 · CFO: +15.22020 Q4 · CFO: +11.02021 Q1 · CFO: +0.02021 Q2 · CFO: +7.02021 Q3 · CFO: +1.32021 Q4 · CFO: +5.82022 Q1 · CFO: +1.62022 Q2 · CFO: +4.22022 Q3 · CFO: +4.42022 Q4 · CFO: +7.92023 Q1 · CFO: +2.92023 Q2 · CFO: +5.22023 Q3 · CFO: -4.32023 Q4 · CFO: +4.82024 Q3 · CFO: +8.22024 Q4 · CFO: -0.62025 Q1 · CFO: +0.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-32-16+0+16+322009 Q12011 Q12013 Q22015 Q32017 Q32019 Q32021 Q32023 Q32009 Q1 · Prepared remarks: +4.62009 Q2 · Prepared remarks: +9.02009 Q3 · Prepared remarks: +15.12009 Q4 · Prepared remarks: +6.42010 Q1 · Prepared remarks: +26.62010 Q2 · Prepared remarks: +21.12010 Q3 · Prepared remarks: +21.12010 Q4 · Prepared remarks: +10.02011 Q1 · Prepared remarks: +13.32011 Q2 · Prepared remarks: +24.82011 Q3 · Prepared remarks: +28.22011 Q4 · Prepared remarks: +18.52012 Q1 · Prepared remarks: +16.62012 Q2 · Prepared remarks: +15.32012 Q4 · Prepared remarks: +7.32013 Q1 · Prepared remarks: +15.52013 Q2 · Prepared remarks: +16.72013 Q3 · Prepared remarks: +6.72013 Q4 · Prepared remarks: +14.72014 Q1 · Prepared remarks: +18.42014 Q2 · Prepared remarks: +15.32014 Q3 · Prepared remarks: +9.22014 Q4 · Prepared remarks: +9.22015 Q2 · Prepared remarks: +6.12015 Q3 · Prepared remarks: +9.02015 Q4 · Prepared remarks: +6.72016 Q1 · Prepared remarks: +8.72016 Q2 · Prepared remarks: +2.72016 Q3 · Prepared remarks: +11.02016 Q4 · Prepared remarks: +6.52017 Q1 · Prepared remarks: +8.42017 Q2 · Prepared remarks: +10.12017 Q3 · Prepared remarks: +13.32017 Q4 · Prepared remarks: +6.22018 Q1 · Prepared remarks: +17.22018 Q2 · Prepared remarks: +11.32018 Q3 · Prepared remarks: +8.42018 Q4 · Prepared remarks: +12.02019 Q1 · Prepared remarks: +9.72019 Q2 · Prepared remarks: +9.62019 Q3 · Prepared remarks: +17.22019 Q4 · Prepared remarks: +8.52020 Q1 · Prepared remarks: +2.42020 Q2 · Prepared remarks: +8.62020 Q3 · Prepared remarks: +11.72020 Q4 · Prepared remarks: +8.42021 Q1 · Prepared remarks: +11.82021 Q2 · Prepared remarks: +6.12021 Q3 · Prepared remarks: +16.92021 Q4 · Prepared remarks: +8.02022 Q1 · Prepared remarks: +4.82022 Q2 · Prepared remarks: +10.32022 Q3 · Prepared remarks: +12.22022 Q4 · Prepared remarks: +11.22023 Q1 · Prepared remarks: +8.22023 Q2 · Prepared remarks: -0.42023 Q3 · Prepared remarks: +1.72023 Q4 · Prepared remarks: +8.02024 Q1 · Prepared remarks: +15.72024 Q2 · Prepared remarks: +8.02024 Q3 · Prepared remarks: +1.22024 Q4 · Prepared remarks: +3.02025 Q1 · Prepared remarks: +1.72009 Q1 · Q&A responses: +0.32009 Q2 · Q&A responses: +1.92009 Q3 · Q&A responses: +0.52009 Q4 · Q&A responses: +13.42010 Q1 · Q&A responses: +6.62010 Q2 · Q&A responses: +8.92010 Q3 · Q&A responses: +1.42010 Q4 · Q&A responses: +9.62011 Q1 · Q&A responses: +4.52011 Q2 · Q&A responses: +6.62011 Q3 · Q&A responses: +7.72011 Q4 · Q&A responses: +1.82012 Q1 · Q&A responses: +8.42012 Q2 · Q&A responses: +1.22012 Q4 · Q&A responses: +3.92013 Q1 · Q&A responses: +7.22013 Q2 · Q&A responses: +8.02013 Q3 · Q&A responses: -1.02013 Q4 · Q&A responses: +1.02014 Q1 · Q&A responses: +2.02014 Q2 · Q&A responses: +9.92014 Q3 · Q&A responses: +1.62014 Q4 · Q&A responses: +2.92015 Q2 · Q&A responses: +5.62015 Q3 · Q&A responses: +4.72015 Q4 · Q&A responses: -0.92016 Q1 · Q&A responses: +8.92016 Q2 · Q&A responses: +8.92016 Q3 · Q&A responses: +7.32016 Q4 · Q&A responses: +7.62017 Q1 · Q&A responses: +7.72017 Q2 · Q&A responses: +1.92017 Q3 · Q&A responses: +7.92017 Q4 · Q&A responses: +6.02018 Q1 · Q&A responses: +7.52018 Q2 · Q&A responses: +2.12018 Q3 · Q&A responses: +7.92018 Q4 · Q&A responses: +2.12019 Q1 · Q&A responses: +0.02019 Q2 · Q&A responses: +0.02019 Q3 · Q&A responses: +7.92019 Q4 · Q&A responses: +3.82020 Q1 · Q&A responses: +1.92020 Q2 · Q&A responses: +2.52020 Q3 · Q&A responses: +6.62020 Q4 · Q&A responses: +5.12021 Q1 · Q&A responses: +3.42021 Q2 · Q&A responses: +3.92021 Q3 · Q&A responses: +5.02021 Q4 · Q&A responses: -0.62022 Q1 · Q&A responses: +1.62022 Q2 · Q&A responses: +3.42022 Q3 · Q&A responses: +8.62022 Q4 · Q&A responses: +3.72023 Q1 · Q&A responses: +7.22023 Q2 · Q&A responses: +3.12023 Q3 · Q&A responses: +1.72023 Q4 · Q&A responses: +1.72024 Q1 · Q&A responses: -4.72024 Q2 · Q&A responses: +1.72024 Q3 · Q&A responses: -6.52024 Q4 · Q&A responses: +0.02025 Q1 · Q&A responses: +1.4
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.28$5.54$8.792009 Q12011 Q12013 Q22015 Q32017 Q32019 Q32021 Q32023 Q32014 Q1: $4.732014 Q2: $4.912014 Q3: $4.842014 Q4: $4.292015 Q2: $3.682015 Q3: $3.672015 Q4: $3.012016 Q1: $2.732016 Q2: $2.882016 Q3: $3.022016 Q4: $3.312017 Q1: $3.492017 Q2: $3.652017 Q3: $4.432017 Q4: $5.312018 Q1: $5.642018 Q2: $6.472018 Q3: $6.612018 Q4: $6.072019 Q1: $5.932019 Q2: $6.212019 Q3: $6.502019 Q4: $6.682020 Q1: $6.862020 Q2: $6.812020 Q3: $7.122020 Q4: $7.422021 Q1: $7.332021 Q2: $7.622021 Q3: $7.462021 Q4: $7.702022 Q1: $7.972022 Q2: $8.172022 Q3: $8.212022 Q4: $8.342023 Q1: $8.102023 Q2: $8.282023 Q3: $7.072023 Q4: $4.472024 Q1: $4.122024 Q2: $4.372024 Q3: $4.37

Forward P/E

7.7614.7421.732009 Q12011 Q12013 Q22015 Q32017 Q32019 Q32021 Q32023 Q32014 Q1: 16.482014 Q2: 15.292014 Q3: 12.672014 Q4: 13.052015 Q2: 15.122015 Q3: 10.922015 Q4: 12.852016 Q1: 14.722016 Q2: 16.902016 Q3: 15.422016 Q4: 17.312017 Q1: 17.322017 Q2: 20.772017 Q3: 20.222017 Q4: 17.082018 Q1: 14.672018 Q2: 13.892018 Q3: 13.342018 Q4: 12.332019 Q1: 13.232019 Q2: 13.212019 Q3: 13.982019 Q4: 15.012020 Q1: 8.722020 Q2: 14.772020 Q3: 15.542020 Q4: 15.412021 Q1: 14.922021 Q2: 15.412021 Q3: 13.112021 Q4: 13.732022 Q1: 15.832022 Q2: 13.122022 Q3: 13.532022 Q4: 15.202023 Q1: 14.322023 Q2: 12.632023 Q3: 10.662023 Q4: 12.922024 Q1: 15.952024 Q2: 12.722024 Q3: 14.53

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↑ +2.4 fwd EPS ↓ -0.55 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↑ +6.3 fwd EPS ↓ -0.28 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -2.7 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -3.2 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -3.9 fwd EPS ↑ +0.88 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -6.4 fwd EPS ↑ +0.84 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -6.6 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -2.8 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -2.0 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↑ +3.5 fwd EPS ↓ -0.16 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↓ -4.2 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -2.3 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -2.1 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -4.3 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +2.6 fwd EPS ↓ -2.60 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+1.1——View →
2024 Q42025-02-04+0.6——View →
2024 Q32024-10-30-4.7$4.3714.5View →
2024 Q22024-08-01+3.9$4.3712.7View →
2024 Q12024-05-07-5.8$4.1215.9View →
2023 Q42024-02-06+2.0$4.4712.9View →
2023 Q32023-10-31-0.6$7.0710.7View →
2023 Q22023-08-03+1.0$8.2812.6View →