The Andersons Inc. reported a first-quarter loss of $14 million up from the year-ago loss of $1.7 million citing trade disruptions and poor weather impacting multiple businesses. The Plant Nutrient Group reported a pretax loss of $3.9 million on delayed primary and specialty nutrient sales and lower lawn and contract manufacturing results versus the positive year-ago $1.1 million.
Intrepid Potash Inc. reported first quarter net income of $6.1 million up from the year-ago $1.7 million citing higher prices on lower sales volumes.
The Mosaic Co. reported first quarter net earnings of $131 million, up from the year-ago $42 million. However, citing curtailments and higher costs and taxes, the company has revised downward its full-year adjusted EBITDA guidance to $2-$2.3 million and adjusted EPS of $1.5-$2.00.
Israel Chemicals Ltd. (ICL), Tel Aviv, reported first-quarter net income attributable to shareholders of $139 million ($0.11 per diluted share) on sales of $1.42 billion, sharply down from the year-ago $928 million ($0.73 per diluted share) and $1.40 billion, respectively. However, net income adjusted for non-recurring costs was $150 million ($0.12 per diluted share), versus the year-earlier $106 million. Potash sales volumes (including internal sales) were down 8 percent, at 1.014 million mt from 1.106 million mt.
