IHS Chemical Week

Agrium earnings jump on early fertilizer application in the US

11:09 AM MST | February 22, 2013

Agrium released its fourth quarter earnings results yesterday, with strength spotted in both income and sales figures. Net earnings for the quarter were $354 million, up 83% year-on-year (YOY). Earnings per share of $2.16/share exclude a $22 million credit investment and an $18 million recovery in share-based payment expenses and were higher than analyst estimates of $2.00/share, according to Thomson Reuters (New York). Sales, however, were essentially flat at $3.2 billion. Agrium's retail segment recorded its highest ever gross profit, the company says, at $509...

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