CF Industries Reports First Half and Second Quarter 2018 Results
By: Corporate Communications
August 1, 2018
CF Industries Holdings, Inc. (NYSE: CF), a leading global fertilizer and chemical company, today announced results for its first half and second quarter ended June 30, 2018.
- First half net earnings of $211 million, or $0.90 per diluted share; EBITDA(1) of $772 million; adjusted EBITDA(1) of $764 million
- Second quarter net earnings of $148 million, or $0.63 per diluted share; EBITDA of $470 million; adjusted EBITDA of $468 million
- First half 2018 sales volumes slightly exceed first half 2017; record 5.5 million tons in second quarter
- Subsequent to quarter end, the Board of Directors authorized a $500 million share repurchase program through June 30, 2020, and the company reaffirmed its commitment to repay the remaining $500 million of Public Senior Notes on or before the May 2020 maturity