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CF Industries Reported Strong Third-Quarter Earnings

Adam Jones - Author

Nov. 1 2018, Published 8:03 a.m. ET

CF Industries’ third-quarter earnings

On October 31, CF Industries (CF) reported its third-quarter earnings. The company reported revenue growth of 19.5% YoY (year-over-year) to $1.04 billion. According to CF Industries, the revenues were mainly driven by nitrogen fertilizers’ higher average selling prices. However, the company stated that the sales volume was lower compared to the same period in 2017.

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Margins expanded

As a result of the revenue growth, the margins also improved YoY. The gross margins expanded to 16.6% from 1.3% in the third quarter of 2017. The adjusted EBITDA margins expanded to 28.9% from 15.4% in the third quarter of 2017. CF Industries’ EPS rose to $0.13 from a loss per share of $0.37 in the third quarter of 2017.

Stocks reacted

On October 31, CF Industries stock rose 3.9% to $48. However, the stock was trading slightly lower in the after-hours session. Mosaic (MOS) rose by 50 basis points, while Nutrien (NTR) stock gained 2.2%. Israel Chemicals (ICL) was almost flat during the day. These companies (MOO) are set to report their earnings in the coming weeks. Stay tuned!


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