CF Industries Holding Inc. announced a first quarter 2017 net loss attributable to common stockholders of $23 million ($0.10 per diluted share) on revenues of $1.04 billion, compared to year-ago earnings of $26 million ($0.11 per share) and $1 billion, respectively.
“Outstanding execution by our team across the CF system delivered company record sales and production volumes in the first quarter, and we increased cash on our balance sheet as a result,” said Tony Will, CF president and CEO. “This high level of performance, paired with our enduring structural and operational advantages, positions us well for the rest of 2017 and the industry recovery we expect to begin in 2018.”
First-quarter sales volumes were 4.74 million st, up from the year-ago 4.05 million st.