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Agrium first-quarter earnings to be flat on slow spring start

9:25 AM MDT | April 2, 2014 | Lindsay Frost

Agrium announced today that it expects its first-quarter earnings per share, to be released on 6 May, to be “just above breakeven.” The company says the slow start to the spring season is expected to impact its wholesale segment and, to a lesser extent, its retail segment earnings. Wholesale results are also expected to be impacted by reduced rail availability and the usual lag in realized wholesale nutrient prices, the company says. The Carseland (Alberta) nitrogen facility experienced a failure in the auxiliary boiler on 22 March, and there will be...

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