earnings
confidence high
sentiment positive
materiality 0.80
CF Industries FY 2023 net earnings $1.53B; dividend raised 25%, Waggaman acquisition closed
CF Industries Holdings, Inc.
2023-FY EPS reported
$7.87
revenue$6,631,000,000
- FY 2023 net earnings $1.53B ($7.87/diluted EPS) vs $3.35B ($16.38) in FY2022; revenue $6.63B down from $11.19B.
- Q4 2023 net earnings $274M ($1.44/diluted EPS) on revenue $1.57B, down from $860M ($4.35) on $2.61B in Q4 2022.
- Closed $1.675B acquisition of Waggaman ammonia plant (Dec 1, 2023); funded with $1.223B cash.
- Quarterly dividend increased 25% to $0.50/share; paid Jan 31, 2024.
- Greenfield low-carbon ammonia plant FEED study complete; cost est ~$3B; FID targeted 2H-2024.