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Stock Market & Financial Investment News

News Breaks
January 20, 2014
18:13 EDTAGUAgrium sees Q4 EPS at bottom of 80c-$1.25 outlook
Agrium announced today that it expects its Q4 EPS from continuing operations to be at the bottom of the previously released guidance range of 80c-$1.25. The consensus estimate is 99c. "The update to guidance is primarily due to lower than expected sales prices across all Wholesale nutrients in the quarter and lower than expected UAN and domestic potash sales volumes, partly due to challenges with domestic rail shipments," the company said. Agrium added its "Retail operations are expected to achieve record results for the fourth quarter and for the 2013 year. Retail was able to offset industry headwinds of lower nutrient prices and a compressed fall season in the U.S. by achieving higher margins for nutrients, seed and services and other product lines. Corporate inter-segment eliminations, largely related to Wholesale nutrient volumes that have been purchased by Retail but have not yet been sold to end customers, were higher than anticipated. These eliminations postpone the recognition of these sales and impact earnings by approximately $18-million in the fourth quarter of 2013. Earnings from these sales will be recognized once Retail completes the sale to end-customers this spring."
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April 23, 2015
11:31 EDTAGUAgrium to divest West Sacramento site
Agrium announced that it intends to divest the West Sacramento product upgrade facility and site in 2015. The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market. Over the past two years, the site has produced on average about 200,000 tonnes of nitrogen solution products. The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.
April 22, 2015
10:02 EDTAGUOn The Fly: Analyst Downgrade Summary
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06:17 EDTAGUAgrium downgraded to Sell from Neutral at Citigroup
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