Agrium Inc. reported second-quarter net earnings of $616 million ($4.28 per diluted share) on sales of $7.34 billion down from the year-ago $747 million ($5.02 per share) and $6.91 billion, respectively.
Agrium reported record results for its Retail segment, with earnings before income taxes of $714 million on sales of $6.4 billion, up from $562 million on sales of $5.56 billion. Agrium said the strong results were supported by recent acquisitions in Canada and Australia.
In the meantime, Wholesale EBIT was down at $191 million on sales of $1.2 billion from $465 million and $1.59 billion, respectively.