CF Industries Holdings Inc. reported fourth-quarter net income attributable to common shareholders of $465 million ($1.98 per diluted share) on net sales of $1.1 billion, compared to the year-ago loss of $320 million ($1.38 per share) and $867 million, respectively. The results include a $491 million tax benefit from recent legislation. CF reported an adjusted net loss of $3 million ($0.02 per share) compared to a year-ago loss of $90 million ($0.39 per share).
Full-year net income was $358 million ($1.53 per share) on sales of $4.1 billion, up from the prior year loss of $277 million ($1.19 per share) on sales of $3.7 billion. However, the company had an adjusted full-year loss of $59 million ($0.25 per share) versus 2016 adjusted income of $109 million ($0.47 per share).