CF Reports 1Q Net Income
CF Industries Holdings Inc. reported first-quarter net earnings attributable to common stockholders of $63 million ($0.27 per diluted share) on revenues of $957 million compared to the year-ago loss of $23 million ($0.10 per share) and $1.04 billion, respectively. Revenues were down with the company citing lower volumes for most segments, partially offset by higher average selling prices across most segments.
“The CF team executed well in all aspects of our business during the first quarter, maximizing the opportunities available to us even as the spring application season was delayed due to cold and wet weather,” said Tony Will, CF president and CEO. “Despite lower volumes, we generated $101 million in cash and are well-positioned to meet the strong demand we expect through the second quarter.”