People & Business :: Companies
Intrepid Potash reports earnings drop on weather delays
9:57 AM MDT | May 2, 2013 | Lindsay Frost
Weather-related delays in the spring planting and potash application season resulted in a drop in earnings and sales for Intrepid Potash (Denver, CO) in its first quarter 2013, although potash prices were higher in the quarter. Net income dropped 28% year-over-year (YOY), to $14.9 million on sales down 12%, to $99 million—both impacted by delays in spring planting and potash application, the company says. Earnings per share of 20 cts/share were slightly above analyst estimates of 19 cts/share, according to Thomson Reuters (New York). "Our team...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee