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Agrium Inc. (TSX:AGU,NYSE:AGU) announced second quarter results, including net earnings of $747-million up over net earnings of $860-million in the second quarter of 2012.
Agrium Inc. (TSX:AGU,NYSE:AGU) announced second quarter results, including net earnings of $747-million up over net earnings of $860-million in the second quarter of 2012.
As quoted in the press release:
The 2013 second quarter results included a pre-tax share-based payments recovery of $30-million ($0.15 diluted earnings per share), pre-tax proxy defense costs of $12-million ($0.06 diluted earnings per share), and a pre-tax loss of $3-million on natural gas and other hedge positions ($0.01 diluted earnings per share). Excluding these items, net earnings would have been $736-million ($4.94 diluted earnings per share).
Agrium’s President and CEO, Mike Wilson, said:
Agrium delivered our second highest gross profit of $1.7-billion and quarterly Adjusted EBITDA of $1.2-billion due to the strength of our leading position across the crop input value chain. The cold, wet weather experienced in North America this spring resulted in a compressed spring application season and Agrium rose to this challenge by delivering crop input products and services to our customers in a highly efficient manner. This highlights the strength of our production and distribution assets and our ability to deliver significant value to our customers.
To view the whole press release, click here.Â
