Nutrien Ltd. has released results of Agrium Inc. and Potash Corp. of Saskatchewan Inc. for the fourth-quarter ending Dec. 31, 2017. Nutrien, the merger of the two, was created Jan. 1, 2018.
Agrium reported full-year net income of $315 million ($2.24 per diluted share) on sales of $13.8 billion compared to the year-ago $596 million ($4.29 per share) and $13.4 billion, respectively. Fourth-quarter net income was $18 million ($0.13 per share) on sales of $2.45 billion, down from the year-ago $67 million ($0.49 per share) and $2.2 billion, respectively.
PotashCorp 2017 net income was $327 million ($0.40 per share) on sales of $4.5 billion, up from 2016’s $323 million $(0.70 per share) and $4.5 billion, respectively. The fourth-quarter, however, saw a loss of $76 million ($0.10 per share) on sales of $1.08 billion, compared to the year-ago income of $46 million ($0.10 per share) and $1.06 billion, respectively.
Nutrien is providing 2018 guidance of $2.10-$2.60 earnings per share from continuing operations, with global potash sales expected in the 64-66 million mt range.
