earnings
confidence high
sentiment negative
materiality 0.85
CF Industries Q1 net earnings $560M ($2.85/share) vs $883M a year ago; revenue down 30%
CF Industries Holdings, Inc.
2023-Q1 EPS reported
$2.85
revenue$2,012,000,000
- Net earnings $560M ($2.85 diluted EPS) vs $883M ($4.21) in Q1 2022; adjusted EBITDA $866M vs $1.648B.
- Net sales $2.012B, down 30% YoY due to lower selling prices and volumes.
- Signed $1.675B deal to acquire Waggaman ammonia complex from IPL; $1.25B cash funded.
- MOU with LOTTE for clean ammonia supply; advancing blue/green ammonia projects.
- Repurchased >1M shares for $75M; $80M remaining under current authorization.