Agrium Inc. reported third-quarter net earnings from continuing operations of $99 million ($0.72 per diluted share) on sales of $2.5 billion compared to the year-ago $91 million ($0.63 per share) and $2.92 billion, respectively.
The company said the increase was due to higher sales volumes in its Wholesale unit combined with lower production costs in the unit. In the meantime, Retail earnings were similar to the prior year period, despite weaker market conditions.
Nine-month earnings from continuing operations were $788 million ($5.52 per share) on sales of $12.4 billion, up from the year-ago $728 million ($5.05 per share) and $13.3 billion, respectively.