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 Aug. 3, 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 second quarter of 2023. Key Highlights for Second Quarter 2023 *Total sales of $81.0 million, which compares to $91.7 million in the second quarter of 2022, as potash and Trio® average net realized sales prices(1) decreased to $479 and $333 per ton, respectively. *Net income of $4.3 million (or $0.33 per diluted share), which compares to $23.7 million (or $1.74 per diluted share) in the second quarter of 2022. *Gross margin of $15.4 million, which compares to $41.8 million in the second quarter of 2022. *Cash flow from operations of $30.5 million, which compares to $49.1 million in the second quarter of 2022. *Adjusted EBITDA(1) of $15.8 million, which compares to $41.5 million in the second quarter of 2022. *Potash and Trio sales volumes of 79 thousand and 63 thousand tons, respectively, which compares to prior-year figures of 56 thousand and 59 thousand, respectively. To read the entire report click here. Tweet |
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