SASKATOON — Nutrien Ltd. says it earned US$165 million in its first quarter, down 71 per cent from US$576 million a year earlier.
The Saskatoon-based company says its sales totalled US$5.4 billion, down 12 per cent from US$6.1 billion during the same quarter last year.Nutrien says its lower earnings were primarily due to lower net fertilizer selling prices. However, it says that was partially offset by increased retail earnings, higher fertilizer sales volumes and lower natural gas costs.
President and CEO Ken Seitz says the company is maintaining its guidance for the full financial year and it expects growth in retail earnings and fertilizer sales volumes.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024. If you want to skip our overview of O’Leary’s investment philosophy and learn about some more companies in his stock portfolio, go directly to Kevin O’Leary’s Stock Portfolio: 5 Stock Picks for 2024.
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