CF Industries Announces Fourth Quarter Earnings
By: Corporate Communications
February 14, 2018
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CF Industries Holdings, Inc. (NYSE: CF), the global leader in nitrogen products manufacturing and distribution, today announced results for its fourth quarter ended December 31, 2017.
Fourth Quarter Highlights
- Net earnings of $465 million, or $1.98 per diluted share, which includes a net income tax benefit of $491 million, or $2.09 per diluted share, as a result of the U.S. Tax Cuts and Jobs Act
- Adjusted net loss(1) of $3 million or $0.02 per diluted share(1)
- EBITDA(2) of $224 million; adjusted EBITDA(2) of $260 million
- Sales volume of approximately 5.3 million tons, five percent higher than previous quarterly record
- Reduced long-term debt by $1.1 billion, lowering annualized interest payments by $76 million