National Agri-Marketing Association
NAMA Website
Upcoming Events
Agri-Marketing Conf
Best of NAMA 2017
Member Directory

Source: Potash Corp. news release

To view the complete report, click here.

Potash Corporation of Saskatchewan Inc. (PotashCorp) reported second-quarter earnings of $0.56 per share ($472 million), bringing earnings for first-half 2014 to $0.95 per share ($812 million). Totals for the quarter and first six months surpassed our earnings guidance on improving trends in each nutrient, but trailed the $0.73 per share ($643 million) and $1.37 per share ($1.2 billion) reported in the respective periods last year.

Gross margin for the quarter of $747 million fell short of the $979 million generated during the same period in 2013 due to weaker contributions from our potash and phosphate businesses. For the first six months, gross margin totaled $1.3 billion, below the $1.8 billion earned during the comparative period last year.

Adjusted earnings before finance costs, income taxes, depreciation and amortization and certain impairment charges2 (adjusted EBITDA) of $868 million for the quarter and $1.6 billion for the first half were below the respective period totals in 2013. Cash from operating activities for both the quarter and first six months of $788 million and $1.3 billion each trailed last year's comparative period amounts, although declining capital expenditures resulted in strong free cash flow.

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 © 2017, Henderson Communications LLC. | User Agreement