earnings
confidence high
sentiment positive
materiality 0.75
Intrepid Q2 net income $19.5M; potash sales +54% YoY; debt reduced
Intrepid Potash, Inc.
2021-Q2 EPS reported
$1.65
- Net income $19.5M ($1.46/sh); adj. net income $7.4M ($0.55/sh); gross margin $14.2M vs. deficit year ago.
- Potash sales $37.7M (+54% YoY); volume 92k tons (+24%); avg price $319/ton (+25%).
- Trio sales $26.9M (+40% YoY); volume 75k tons (+17%); avg price $271/ton (+30%).
- Repaid remaining $15M Senior Notes; $10M PPP loan forgiven; cash $53M; revolver debt $30M.
- Oilfield Solutions sales $3.3M; gross margin $0.9M; expects steady growth H2 2021.