Nutrien (NYSE: NTR) reported Q4 EPS of $0.09, $0.20 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $3.44 billion versus the consensus estimate of $3.99 billion.

“Nutrien’s earnings held up well in 2019 and we generated strong free cash flow in a very tough agriculture market. We executed on our strategic plan, growing our Retail business with several strategic acquisitions and made great strides with the roll-out and adoption of our leading Retail digital platform and financial tools. Agriculture fundamentals are strengthening and grower sentiment is positive. We expect higher planting and favorable farm economics to support strong North American crop input demand in 2020,” commented Chuck Magro, Nutrien’s President and CEO.

“Our business is designed to provide stability in times of market weakness, with significant leverage through a recovery in fertilizer markets. We remain focused on optimizing our network, allocating capital to grow our Retail business and leading our industry in returning capital to shareholders,” added Mr. Magro.

GUIDANCE:

Nutrien sees FY2020 EPS of $1.90-$2.60, versus the consensus of $3.04. Sees adjusted EBITDA guidance of $3.8 to $4.3 billion.

For earnings history and earnings-related data on Nutrien (NTR) click here.