Agrium (AGU) Tops Q3 EPS by 5c; Narrows Outlook
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Agrium Reports Solid Third Quarter and Expects Strong Fall Crop Input Demand
November 5, 2015 7:31 AM ESTCALGARY, ALBERTA -- (Marketwired) -- 11/05/15 -- ALL AMOUNTS ARE STATED IN U.S.$
Agrium Inc. (TSX: AGU) (NYSE: AGU) announced today 2015 third quarter net earnings from continuing operations of $99-million ($0.72 diluted earnings per share), compared to $91-million ($0.63 diluted earnings per share) in the third quarter of 2014. The increased net earnings are due to higher sales volumes of Wholesale nutrients combined with lower production costs in the Wholesale business unit, while Retail's earnings were similar to the prior year, despite weaker market conditions.
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