U.S. Markets closed

Free Research Report as CF Industries' Quarterly Revenues Surged 27%; Achieved Record Quarterly and Annual Sales Volume

Stock Monitor: Intrepid Potash Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 23, 2018 / Active-Investors.com has just released a free earnings report on CF Industries Holdings, Inc. (NYSE: CF) ("CF Industries"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CF. The Company reported its fourth quarter fiscal 2017 and the full fiscal year 2017 operating and financial results on February 14, 2018. The fertilizer maker's adjusted net loss narrowed on a y-o-y basis, as it reported better than expected results. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Intrepid Potash, Inc. (NYSE: IPI), which also belongs to the Basic Materials sector as the Company CF Industries Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=IPI

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CF Industries Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CF

Earnings Highlights and Summary

CF Industries' net sales increased 27% to $1.10 billion in Q4 2017 from $867 million in Q4 2016, driven by higher sales volumes across most segments and higher average selling prices across all segments. The Company's revenue results beat analysts' estimates of $977.91 million.

For the full year FY17, CF Industries reported net sales of $4.13 billion, up 12% compared to $3.69 billion in FY16.

During Q4 2017, CF Industries reported net earnings of $465 million, or $1.98 per diluted share, compared to a net loss of $320 million, or $1.38 loss per diluted share, Q4 2016. The Company's reported quarter results included a net income tax benefit of $491 million, or $2.09 per diluted share, as a result of the US Tax Cuts and Jobs Act 2017 (TCJA).

On an adjusted basis, CF Industries reported a net loss of $3 million, or $0.02 loss per diluted share, in Q4 2017 compared to an adjusted net loss of $90 million, or $0.39 loss per diluted share, in Q4 2016. Meanwhile, analysts were expecting the Company to report a loss of $0.08 per share.

For FY17, CF Industries' net earnings were $358 million, or $1.53 per diluted share, and included a net income tax benefit of $491 million, or $2.10 per diluted share, as a result of the TCJA. The Company had reported a net loss of $277 million, or $1.19 loss per share, in FY16. On an adjusted basis, CF Industries reported a net loss of $59 million, or $0.25 loss per diluted share, in FY17 compared to adjusted earnings of $109 million, or $0.47 per share, in FY16.

Operating Results

CF Industries' total sales volumes were approximately 5.3 million tons in Q4 2017, significantly higher on a y-o-y basis and 5% above the Company's previous quarterly record, as production increased at its Donaldsonville and Port Neal Nitrogen Complexes. The Company's gross ammonia production was more than 2.6 million tons in Q4 2017, the second highest volume for a quarter in the Company's history.

During Q4 2017, CF Industries' average selling prices were higher on a y-o-y basis across all segments, due largely to a tighter global nitrogen supply and demand balance. The Company's average selling price for ammonia was $285 per ton in the reported quarter compared to $277 per ton in the prior year's same quarter. CF Industries' average selling price for urea was $244 per ton in Q4 2017 compared to $214 per ton in Q4 2016, and its average selling price for UAN was $150 per ton in the reported quarter versus $149 per ton in the year-ago comparable period.

For Q4 2017, CF Industries' cost of sales per ton increased 10% to $180.92 per ton on a y-o-y basis, primarily driven by an increased gas consumption to support the higher production and sales volumes. In Q4 2017, the average cost of natural gas was reflected in the Company's cost of sales, which was $3.24 per Metric Million British Thermal Units (MMBtu) compared to the average cost of natural gas in the cost of sales of $3.24 per MMBtu in Q4 2016. In the reported quarter, the average price of natural gas at Henry Hub in North America was $2.87 per MMBtu, and the average price of natural gas at the National Balancing Point in the United Kingdom was $6.92 per MMBtu.

As of December 31, 2017, CF Industries' 12-month rolling average recordable incident rate was 0.67 incidents per 200,000 work hours, well below industry averages.

Cash Matters

As of December 31, 2017, CF Industries had cash and cash equivalents of $835 million; had no borrowings outstanding under its $750 million revolving credit facility; and was in compliance with all applicable covenant requirements under its debt instruments.

CF Industries' capital expenditure totaled $473 million in FY17. Of this amount, approximately $350 million was for new activities in 2017, and the remainder was for activities performed in FY16 but paid for in FY17. The Company's capital expenditure for new activities in FY18 is estimated to be in the range of approximately $400 million to $450 million.

Stock Performance Snapshot

March 22, 2018 - At Thursday's closing bell, CF Industries Holdings' stock dropped 3.60%, ending the trading session at $37.27.

Volume traded for the day: 2.15 million shares.

Stock performance in the previous six-month period – up 5.91%; and past twelve-month period – up 27.51%

After yesterday's close, CF Industries Holdings' market cap was at $8.84 billion.

Price to Earnings (P/E) ratio was at 10.38.

The stock has a dividend yield of 3.22%.

The stock is part of the Basic Materials sector, categorized under the Agricultural Chemicals industry.

Active-Investors :

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors