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 Apr. 30, 2007 Source: AgriMarketing The four largest publicly traded fertilizer manufacturers' had record-breaking financial successes in the recently ended first quarter. Collectively, the four firms recorded sales increases of $574 million (+24%) and net incomes of $332 million compared to $12 million during the same period last year . Here is the data for the four, first number is their 1st quarter Sales, followed % Variance to 1st quarter '06, followed by 1st quarter Net Income, followed by Net Income 1st quarter '06: The Mosaic Co. $1,280 19% $42 ($72) PotashCorp $1,150 33% $198 $87 CF Industries $447 12% $57 ($25) Terra $128 34% $35 ($2) Sales and Net Income reported in millions. Industry experts report the increases are due to higher application rates by farmers and additional corn acreage due to higher crop prices. |
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