Intrepid Potash reports Q2 2024 net loss of $0.8M, sales down 23% to $62.1M, and initiates CEO search

Intrepid Potash, Inc.

2024-Q2 EPS reported -$0.31

Net loss of $0.8 million ($0.06 per diluted share) compared to net income of $4.3 million in Q2 2023.
Total sales fell to $62.1 million from $81.0 million in prior year quarter.
Potash sales volumes down 30% to 55 thousand tons; average realized price per ton fell to $405 from $479.
Board elected Barth Whitham as Chair and initiated search for new CEO after Bob Jornayvaz's extended medical leave.
Company expects 2024 potash production ~15% higher than 2023; capital expenditures guidance unchanged at $40-50 million.

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