National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2020












1ST QUARTER: CF INDUSTRIES' SALES UP 8%, EARNINGS UP 27%
Source: CF Industries news release

CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced results for its first quarter ended March 31, 2021.

Highlights

*First quarter net earnings of $151 million(1), or $0.70 per diluted share; EBITDA(2) of $398 million; adjusted EBITDA(2) of $398 million

*Trailing twelve month net cash from operating activities of $1.52 billion, free cash flow(3) of $1.05 billion
Company completed redemption of remaining $250 million of Senior Secured Notes due December 2021

*Engineering and procurement contract signed with thyssenkrupp for electrolysis plant to supply green hydrogen for green ammonia production at Donaldsonville

"The CF team delivered solid results in the first quarter as increased global energy spreads and strong demand led to rising nitrogen prices," said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. "We experienced a number of unusual negative impacts from weather and other factors that created challenges during the quarter, but we navigated those issues successfully in a way that mitigated a potentially negative outcome."

To read the entire report click here.


Search News & Articles














Proudly associated with:
American Business Media Canadian Agri-Marketing Association National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters American Agricultural Editors' Association Livestock Publications Council
All content © 2021, Henderson Communications LLC. | User Agreement