8 May

Nutrien Stock: 1Q18 Earnings Results Snapshot

WRITTEN BY Adam Jones

Nutrien’s 1Q18 earnings

Nutrien (NTR)(POT)(AGU) reported its 1Q18 earnings on May 7 after the market closed. The company reported EPS (earnings per share) of $0.16, missing analysts’ estimate of $0.18. The company also missed analysts’ sales estimate of $3.8 billion, reporting sales of $3.7 billion.

Nutrien Stock: 1Q18 Earnings Results Snapshot

Stock performance

Following the company’s earnings report, the stock fell almost 52 basis points to $46 per share. The Mosaic Company (MOS), which also reported its earnings on May 7 after the market closed, fell almost 2% to $27.02. The VanEck Vectors Agribusiness ETF (MOO) ended flat at $62.

Performance in 1Q18

On a consolidated basis, the company reported a gross margin of 22.9%, slightly wider than its 22.4% margin a year ago.

Its potash segment’s overall sales volumes grew year-over-year to 3.1 million metric tons from 2.8 million metric tons, with its average realized price increasing from $184 per metric ton from $165 per metric ton. Its gross margin per metric ton increased to $94 from $71.

The nitrogen segment’s shipment volumes fell to 2.3 million metric tons from 2.4 million metric tons, while its average realized price rose to $242 per metric ton from $239 per metric ton. Its gross margin per metric ton narrowed to $57 from $72.

The phosphate segment’s shipment volumes rose from 833,000 metric ton to 898,000 metric ton., and its average realized price increased to $404 per metric ton from $394 per metric ton. Its gross margin per metric ton narrowed to $31 from $40. The company’s retail segment’s overall sales fell as a result of the season starting late.

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