Agrium reports $60 M 1Q loss, sees no slippage in corn acreage yet

摘要

Agrium Inc. said May 6 that it had a net loss for the first quarter ending March 31, 2009, of $60 million ($.38 per diluted share) on sales of $1,795 billion, compared with the year-ago net earnings of $195 million ($1.23 per share) and $1.16 billion, respectively. The results include non-qualifying natural gas and power hedge losses of $69 million, and a $10 million expense in stock-based compensation in the quarter. The results also include an inventory write-down of $18 million associated with Wholesale purchase for resale business. Excluding these items, net earnings would have been $7 million.