Nutrien 1Q Income Up, Continues Guidance
Nutrien Ltd., Saskatoon, reported first-quarter net earnings of $41 million on sales of $3.7 billion, up from a year-ago loss of $1 million on sales of $3.67 billion.
“Nutrien’s first-quarter adjusted EBITDA was 22 percent higher than 2018 despite being impacted by the second wettest six-month period in the U.S. in 125 years,” said Nutrien President and CEO Chuck Magro. “While some regions are still receiving excess moisture, planting is underway and we expect strong crop input demand in the second quarter. As such, we are maintaining our annual guidance for 2019.”