CF Industries Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 02:00 am IST
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CF Industries Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,273 million compared to USD 2,321 million a year ago. Net income was USD 164 million compared to USD 438 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 2.19 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 2.18 a year ago.
For the nine months, sales was USD 5,060 million compared to USD 8,578 million a year ago. Net income was USD 1,251 million compared to USD 2,486 million a year ago. Basic earnings per share from continuing operations was USD 6.44 compared to USD 12.09 a year ago. Diluted earnings per share from continuing operations was USD 6.42 compared to USD 12.04 a year ago.
CF Industries Holdings, Inc. specializes in the manufacturing and the marketing of nitrate and phosphate fertilizers. Net sales break down by family of products as follows:
- products based on urea and ammonium nitrate solution (31.2%): 7,237 Kt sold in 2023;
- urea (27.5%): 4,570 Kt sold;
- ammonium (25.3%): 3,546 Kt sold;
- ammonium nitrate (7.5%): 1,571 Kt sold;
- other (8.5%).
Net sales are distributed geographically as follows: the United States (73.2%), Canada (9.2%), North America (1.1%), the United Kingdom (5.2%) and other (11.3%).