Cranbury, N.J.-Specialty phosphate maker Innophos Holdings Inc. reported net income for the second quarter ending June 30, 2010, of $17.6 million ($.79 per diluted share) on sales of $184 million, compared to the year-ago $17.6 million ($.81 per share) on sales of $166.8 million. The company said all parts of the business are performing well and that it is making headway in its plan to diversify sourcing of phosphate rock. The company said it signed its first new phos rock contract May 3, and has taken shipload quantities from three different potential sources and continues to advance negotiations for both short- and long-term supply. Six-month net income was $28 million ($1.26 per share) on sales of $353 million, versus the year-ago $47.8 million ($2.19 per share) on sales of $357.6 million.
Transparency Across the Fertilizer Value-Chain