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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Rentech Nitrogen reports higher earnings and sales due to increased production volumes

9:35 AM MST | November 8, 2012 | Lindsay Frost

Rentech Nitrogen (Los Angeles) reported gains in both earnings and sales for the third quarter 2012, with the company benefitting from higher volumes across all product lines, with the exception of nitric acid. Net income was $28.8 million, or 75 cts/share—up 8-fold from the third quarter 2011, and beating analyst estimates of 61 cts/share. Sales were grew 56%, to $60.1 million year-on-year (YOY). “Rentech Nitrogen continues to produce exceptional results, benefiting from relatively low natural gas prices and strong product deliveries and prices...

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