CF Industries Holding Inc. reported a 13 percent uptick in second-quarter net income to $351.9 million ($1.49 per diluted share) on net sales of $1.31 billion from the year-ago $312.6 million ($1.22 per share) and $1.47 billion, respectively. Nitrogen volumes were off at 3.61 million st from the year-ago 3.79 million st.
"Solid execution by our sales team and in our production facilities and distribution network led to the strong results for the quarter," said Tony Will, CF president and CEO. "Our financial results for the first half of 2015 demonstrate the sustainability of our cash generation capacity, even in a supply-driven, competitive global market."
Six-month income lagged by 43 percent at $582.5 million ($2.44 per share) on sales of $2.26 billion from the year-ago $1.02 billion ($3.85 per share) and $2.6 billion, respectively. Six-month volumes were 6.52 million st, down from 6.81 million st.