Phosphoric Acid, Phosphates & Fertilizers Experts

Agrium Reports Robust 2nd Quarter Results; Delivers Record Retail 1st Half Earnings

Highlights:

  • 2017 second quarter guidance relevant earnings were $566-million or $4.09 diluted earnings per share1.
  • Our Retail business achieved a first half EBITDA2 record of $821-million supported by strong margins, with EBITDA to sales of 10.3 percent, compared to 9.8 percent last year and the highest since 2008.
  • Wholesale grew its second quarter sales volumes and reduced costs across our operations to achieve EBITDA similar to last year, despite a 7 percent decline in North American nitrogen prices this quarter. Record first half potash production achieved with successful post expansion ramp-up.
  • Our new urea facility at Borger, Texas was successfully commissioned and reached designed operating rates in the second quarter.
  • Agrium has updated our 2017 annual guidance to a range of $4.75 to $5.25 diluted earnings per share.

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