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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Agrium results down on lower prices, retail segment up

10:36 AM MST | February 21, 2014 | Lindsay Frost

Agrium announced weaker results for the fourth quarter due to lower prices across all segments and a nitrogen volume reduction, the company says. Net earnings were $99 million, down 72% year-over-year (YOY). Earnings per share of 66 cts/share dipped below analyst estimates of 86 cts/share, according to Thomson Reuters (New York). Sales of $2.9 billion fell 3% YOY due to wholesale segment sales dropping on lower prices and nitrogen volumes, though strength was reported in retail segment sales. “Agrium’s retail results were excellent this quarter...

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