Member access

4-Traders Homepage  >  Shares  >  Toronto Stock Exchange  >  Agrium Inc.    AGU   CA0089161081


SummaryChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Agrium Inc. : Agrium 4th-Quarter Profit Climbs to $354 Million

02/22/2013 | 07:49am US/Eastern
     By Judy McKinnon 

Fertilizer-maker Agrium Inc. (AGU) said late Thursday it had a record fourth-quarter profit, which came in well ahead of analyst expectations, as sales from its retail segment climbed 8%.

The Calgary, Alberta-based company, which is embroiled in a proxy battle with U.S. hedge fund Jana Partners, said net earnings rose to $354 million, or $2.34 a share, from $193 million, or $1.20 a share, a year earlier.

Results in the latest quarter were bolstered by gains totaling 18 cents a share, while year-earlier earnings included a loss from discontinued operations of 85 cents a share.

Excluding those items, Agrium earned $2.16 a share, up from $2.05 a year earlier. The Thomson Reuters mean estimate was for a profit of $2 a share, while Agrium itself had previously guided for $1.50-$1.90 a share, excluding any hedging gains or losses and share-based payment expenses.

Sales of $3.26 billion were up from $3.18 billion a year earlier, also beating the $3.20 billion analysts were expecting. Retail sales rose to a record $2.0 billion, Agrium said, while wholesale sales fell slightly due to weak international potash demand.

Late last year, Jana Partners proposed a slate of five new directors for election to Agrium's board. The New York hedge fund Thursday bumped up its stake in the fertilizer producer to 7.5% from 6.5%, saying it's "confident" it's going to prevail in the proxy battle. Agrium has said it believes it has "overwhelming" shareholder support. Shareholders will vote at Agrium's annual meeting April 9.

Write to Judy McKinnon at

Subscribe to WSJ:

React to this article
Latest news on AGRIUM INC.
12/10 AGRIUM : Prices Offering of $500-Million, 30 Year Debentures
12/05DJActivist Fund ValueAct Capital to Seek Up to $1.5 Billion From Investors -- U..
11/19 AGRIUM : to present at Citi’s 2014 Basic Materials Conference
11/05 Agrium to cut 500 jobs, sell some businesses
11/03 AGRIUM : Announces Third Quarter Results and Dividend Increase
10/24DJMaterials Up as Traders Bet Fed Statement Will Help Cyclicals -- Materials Ro..
10/24 TSX posts biggest weekly gain in a year as Agrium surges
10/21 AGRIUM : to present at the Morgan Stanley Global Chemicals and Agriculture Confe..
10/16 Exclusive - U.S. farmers seen cutting fertiliser use as crop prices slide
10/16 U.S. farmers seen cutting fertilizer use as crop prices slide
Duration : Period :
Agrium Inc. Technical Analysis Chart | AGU | CA0089161081 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes