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May 4, 2023 Source: Intrepid Potash news release Denver, CO -- Intrepid Potash, Inc. ("Intrepid", the "Company", "we", "us", "our") (NYSE:IPI) today reported its results for the first quarter of 2023. Key Highlights for First Quarter 2023 *Total sales of $86.9 million, which compares to $104.4 million in the first quarter of 2022, as Potash and Trio® average net realized sales prices(1) decreased to $485 and $344 per ton, respectively. *Net income of $4.5 million (or $0.35 per diluted share), which compares to $31.4 million in the first quarter of 2022 (or $2.31 per diluted share). *Gross margin of $16.4 million, which compares to $47.2 million in the first quarter of 2022. *Cash flow from operations of $8.4 million, which compares to $34.1 million in the first quarter of 2022. *Adjusted EBITDA(1) of $16.4 million, which compares to $50.2 million in the first quarter of 2022. *Potash and Trio sales volumes of 89 thousand and 65 thousand tons, respectively, which compares to prior-year respective figures of 69 thousand and 71 thousand, respectively. To read the entire report click here. Tweet |
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