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Monsanto Reports Strong Quarterly Results-- Raises EPS Guidance

April 3, 2013
By: Davis Michaelsen, Pro Farmer Inputs Monitor Editor

monsantologo

ST. LOUIS, April 3, 2013 /PRNewswire/ -- With half of its fiscal year complete, Monsanto Company (NYSE: MON) announced today that the continued strength of its growing global business delivered another strong quarter for its fiscal year 2013 and translated to a second consecutive quarterly increase in full-year ongoing and as-reported earnings per share guidance.

Executives noted results were driven by contributions from across the company's business portfolio, including continued growth of its global corn business and positive performance of its agricultural productivity segment.

"Our commitment to serving our farmer customers around the world is at the core of everything we do," said Hugh Grant, chairman and chief executive officer for Monsanto. "As we move into the second half of the year, we are thankful for the opportunity to serve our customers and continue to earn their business as a leader in this dynamic industry."

Free cash flow was a source of nearly $1.6 billion for the first half of fiscal year 2013, compared to a source of $1.3 billion for the first half of fiscal year 2012.

The company raised its full year ongoing EPS guidance to $4.40 to $4.50 per share. Full year 2013 EPS guidance on an as-reported basis is expected in the range of $4.42 to $4.52 per share. To learn more about our business and our commitments, please visit: www.monsanto.com.


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