CF Industries Reports Full Year 2018 Results

By: Corporate Communications
February 13, 2019


CF Industries Holdings, Inc. (NYSE: CF), a leading global fertilizer and chemical company, today announced results for its fourth quarter and year ended December 31, 2018.

Fourth Quarter Highlights

  • Fourth quarter net earnings of $49 million, or $0.21 per diluted share; EBITDA(1) of $349 million; adjusted EBITDA(1) of $341 million
  • Completed $500 million share repurchase authorization, which reduced common shares outstanding as of the beginning of 2018 by nearly five percent
  • Subsequent to quarter end, the Board of Directors authorized a $1 billion share repurchase program through 2021

Full Year Highlights

  • Full year net earnings of $290 million, or $1.24 per diluted share; EBITDA of $1,429 million; adjusted EBITDA of $1,403 million
  • 12-month rolling average recordable incident rate at 0.60 incidents per 200,000 work hours
  • Returned $780 million to shareholders through $500 million in share repurchases and $280 million in dividend payments
  • Completed purchase of all publicly traded common units of Terra Nitrogen Company, L.P. on April 2, 2018

Complete full year earnings press release