Agrium Reports Strong Third Quarter Results, Expects Record Earnings Year

Agrium Inc. (TSX:AGU,NYSE:AGU) announced excellent earning results from Q3 2011.

As quoted in the press release:

Agrium’s 2011 third quarter consolidated net earnings (“net earnings”) were $293-million, or $1.85 diluted earnings per share, compared to net earnings of $61-million, or $0.39 diluted earnings per share, for the same quarter of 2010. Net earnings for the first nine months of 2011 were approximately $1.2-billion, or $7.48 diluted earnings per share, compared to $578-million, or $3.65 diluted earnings per share for the same period in 2010.

Agrium’s President and CEO, Mike Wilson said:

“Results from our Retail business were particularly strong this quarter, as we achieved record sales and our second highest earnings for a third quarter. Agrium’s Wholesale results were also the second highest on record for a third quarter, due to yet another quarter of excellent margins supported by strong crop nutrient prices.”

Click here to read the Agrium Inc. (TSX:AGU) press release.