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CF Industries (CF) Misses Q2 EPS by 6c

October 30, 2019 4:45 PM

CF Industries (NYSE: CF) reported Q2 EPS of $0.29, $0.06 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.06 billion.

“The CF team’s outstanding execution and our company’s position on the low end of the global cost curve continue to drive substantial cash generation and an industry-leading free cash flow yield,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “Over the last 24 months, this superior cash flow generation has enabled us to repay $1.1 billion in debt, with another $750 million to be retired by the end of this year. Additionally, we repurchased more than 16 million shares for $750 million, distributed $550 million in dividends and invested approximately $400 million in growth. We believe our structural and operational advantages, along with positive nitrogen industry fundamentals, will continue to support our cash generation, allowing us to build on this track record in 2020 and beyond.”

For earnings history and earnings-related data on CF Industries (CF) click here.

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