Nutrien Off to Solid Start; Raises Guidance on Stronger Potash Earnings
Nutrien reported a mixed first quarter, as strong potash and phosphate results were offset by weak nitrogen and retail segment earnings. A late start to the growing season, which delayed farmer planting and crop input purchases, caused this weakness. Although first-quarter retail sales fell over 6%, management expects to make up nearly all the decline during the second quarter and left its full-year retail EBITDA guidance unchanged. Management did raise its full-year earnings guidance, primarily...
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