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Agrium and Compass Post Strong Fourth Quarter

1:06 PM MST | February 14, 2008 | CW Editorial Staff

Agrium reported fourth-quarter net income of $172 million, compared to a net loss of $62 million in the same period of 2006. Ebitda was $250 million, compared to a loss of $87 million in the year-ago quarter. Agrium cites a $302-million increase in gross profit, and a $35-million decline in expenses. Sales rose 58%, to $1.5 billion. “Prices for virtually all major row crops are at record high levels, providing growers with a strong incentive to optimize use of crop inputs,” says Mike Wilson, Agrium’s president and CEO. “Strong demand for...

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