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Agrium posts strong results on improved retail business

10:23 AM MDT | August 7, 2014 | Lindsay Frost

Agrium reports net earnings of $625 million for the second quarter, down 15% year-over-year (YOY) with earnings per share of $4.34/share surpassing analyst estimates of $4.11/share, as compiled by Thomson Reuters (New York). The results for the quarter include non-cash charges for future environmental remediation activities, partially offset by a share-based payments recovery, the company says. Net sales of $7.3 billion increased 6% YOY. The retail segment recorded sales of $6.4 billion—up 15% YOY while gross profit in the segment was $1.3 billion—an...

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