Agrium (AGU) Reports In-Line Q2 EPS, Miss on Revenues; FY17 EPS Mid-Point Above Consensus

Agrium (NYSE: AGU) reported Q2 EPS of $4.03, in-line with the analyst estimate of $4.03. Revenue for the quarter came in at $6.32 billion versus the consensus estimate of $6.36 billion.

Highlights

• 2017 second quarter guidance relevant earnings were $566-million or $4.09 diluted earnings per share
• Our Retail business achieved a first half EBITDAWholesale grew its second quarter sales volumes and reduced costs across our operations to achieve EBITDA similar to last year, despite a 7 percent decline in North American nitrogen prices this quarter. Record first half potash production achieved with successful post expansion ramp-up.
• Agrium has updated our 2017 annual guidance to a range of $4.75 to $5.25 diluted earnings per share.

GUIDANCE:

Agrium sees FY2017 EPS of $4.75-$5.25, versus the consensus of $4.90.

For earnings history and earnings-related data on Agrium (AGU) click here.

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