Edition:
United Kingdom

Nutrien Ltd Q4 Adjusted Net Earnings $0.54 Per Share


Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Nutrien Ltd ::NUTRIEN DEMONSTRATES RESILIENCE IN A QUARTER IMPACTED BY WEATHER CHALLENGES; EXPECTS HIGHER EARNINGS AGAIN IN 2019.FOURTH-QUARTER ADJUSTED NET EARNINGS WAS $0.54 PER SHARE.FOR 2019, WE EXPECT STRONG CROP INPUT DEMAND IN FIRST HALF OF YEAR.Q4 EARNINGS PER SHARE $0.48 FROM CONTINUING OPERATIONS.SEES 2019 ADJUSTED NET EARNINGS GUIDANCE OF $2.80 TO $3.20 PER SHARE.POTASH SALES VOLUMES ARE EXPECTED TO RANGE BETWEEN 13.0 TO 13.4 MILLION TONNES AND POTASH EBITDA BETWEEN $1.8 TO $2.0 BILLION IN 2019.EXPECTED TO ACHIEVE ANNUAL RUN-RATE SYNERGY TARGET OF $600 MILLION BY END OF 2019.NITROGEN SALES VOLUMES ARE FORECAST BETWEEN 10.6 TO 11.0 MILLION TONNES AND NITROGEN EBITDA BETWEEN $1.3 TO $1.5 BILLION IN 2019.ANTICIPATE A STRONG NORTH AMERICAN SEED MARKET IN 2019.SEES 2019 SUSTAINING CAPITAL EXPENDITURES $1.0 BILLION TO $1.1 BILLION.QTRLY SALES $3,762 MILLION.PROJECT GLOBAL POTASH DELIVERIES IN 2019 WILL BE BETWEEN 67 AND 69 MILLION TONNES.Q4 REVENUE VIEW $3.97 BILLION -- REFINITIV IBES DATA.PRODUCTION FROM NEW POTASH PROJECTS RAMPED UP SLOWER THAN ANTICIPATED IN 2018 AND WE EXPECT FURTHER DELAYS IN 2019.EXPECT STRONG POTASH CONSUMPTION IN FIRST HALF OF 2019.NITROGEN PRICES WERE UNDER PRESSURE AT START OF 2019.NITROGEN OUTLOOK FOR 2019 REMAINS FIRM AS WE EXPECT STRONG GLOBAL DEMAND TO RE-EMERGE IN FIRST HALF OF 2019.Q4 EARNINGS PER SHARE VIEW $0.55 -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.41 -- REFINITIV IBES DATA.