Agrium, Inc. (AGU) Tops Q2 EPS by 23c

After the close, Agrium, Inc. (NYSE: AGU) reported Q2 EPS of $4.35, $0.23 better than the analyst estimate of $4.12. Revenue for the quarter came in at $7.34 billion versus the consensus estimate of $7.17 billion.

"Agrium Retail operations delivered record results this quarter, with EBITDA(2) up 28 percent year-over-year supported by strong results from our recently acquired Canadian and Australian operations. We continue to drive synergies and operational improvements across our global retail network. As a result, we made significant progress towards all our key Retail operational metrics and remain focused on our 2015 financial targets," commented Chuck Magro, Agrium's President and CEO.

"Agrium has a unique strategic position to meet widespread agricultural demand, with over half a million customers globally, significant advantages in our nitrogen and potash businesses and a complimentary portfolio of products and services. Agrium continues to focus on maximizing operational and financial efficiencies across our complimentary portfolio of assets, including optimization of working capital and operating costs. Combined with Agrium's current growth projects, we believe these initiatives will drive higher free cash flow and subsequent shareholder returns," added Mr. Magro.

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

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