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BRIEF-Agrium reports strong fourth quarter results

Published 2016-02-09, 07:45 a/m
© Reuters.  BRIEF-Agrium reports strong fourth quarter results
AGU
-

Feb 9 (Reuters) - Agrium Inc AGU.TO :
* Reports strong fourth quarter results
* Sees FY 2016 earnings per share $5.50 to $7.00
* Q4 adjusted earnings per share $1.52
* Q4 sales $2.41 billion versus $2.71 billion last year
* Q4 earnings per share view $1.38, revenue view $2.85 billion -- Thomson
Reuters I/B/E/S
* FY 2016 earnings per share view $7.01 -- Thomson Reuters I/B/E/S
* Qtrly retail sales of $1.77 billion, versus $2.06 billion last year
* Expect 2016 retail EBITDA to be $1.075-billion to $1.175-billion
* 2016 total capital expenditures are expected to be in the range of
$800-million to $900-million
* Sees 2016 retail nutrient sales volumes to be 9.8 to 10.2 million tonnes in
2016
* Sees 2016 wholesale nitrogen production of 3.5 million tonnes to 3.7 million
tonnes
* Sees 2016 wholesale potash production of 2.4 million tonnes to 2.6 million
tonnes
* Qtrly nitrogen sales volumes increased by 4 percent over the same period last
year
* Q4 earnings per share $1.45 from continuing operations
* Qtrly potash sales volumes were 637,000 tonnes higher compared to the same
period in the prior year
* Anticipate solid potash demand in global markets in 2016", with global
shipments expected between 58 to 60 million tonnes in 2016
* Says expect macroeconomic challenges in combination with current crop prices
to be a risk in 2016
* Canpotex proving run for the vanscoy expansion was highly successful
* Qtrly wholesale sales $888 million versus $897 million

* Source text for Eikon Further company coverage AGU.TO

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