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BRIEF-Agrium Q2 adjusted earnings per share $4.90

Published 2015-08-05, 05:54 p/m
© Reuters.  BRIEF-Agrium Q2 adjusted earnings per share $4.90
AGU
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Aug 5 (Reuters) - Agrium Inc AGU.TO :
* Q2 earnings per share $4.71 from continuing operations
* Sees FY 2015 earnings per share $7.00 to $7.50
* Reports strong results despite challenging market conditions
* Q2 adjusted earnings per share $4.90
* Says narrowed 2015 earnings per share guidance range due primarily to the
impact of low crop prices on grower decisions
* Qtrly sales $6.99 billion versus $7.34 billion
* Says narrowed 2015 earnings per share guidance range due primarily to lower
expected potash and phosphate pricing in the second half of the year
* Says annual nitrogen and potash production targets remain unchanged
* Expect agrium's remaining capital spending to approximate $500 million to
$600 million in 2015
* Qtrly wholesale sales $1.17 billion versus $1.21 billion
* Qtrly wholesale sales volumes 2.64 million tonnes versus 2.78 million tonnes
* See 2015 total capital expenditures $1.2 billion- $1.3 billion
* Q2 retail results were impacted by lower crop prices, drought in western
Canada and wet conditions in the U.S. corn belt
* Qtrly potash sales volumes were 10 percent lower this quarter
* Qtrly nitrogen sales volumes increased by 35 percent to 1.2 million tonnes
* Q2 earnings per share view $4.78, revenue view $7.29 billion -- Thomson
Reuters I/B/E/S
* FY 2015 earnings per share view $7.42 -- Thomson Reuters I/B/E/S

* Source text for Eikon ID:nMKWkPvNga

* Further company coverage AGU.TO

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