Intrepid Potash Full Year 2023 Earnings: US$2.80 loss per share (vs US$5.49 profit in FY 2022)
Intrepid Potash (NYSE:IPI) Full Year 2023 Results
Key Financial Results
Revenue: US$230.6m (down 22% from FY 2022).
Net loss: US$35.7m (down by 149% from US$72.2m profit in FY 2022).
US$2.80 loss per share (down from US$5.49 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Intrepid Potash Earnings Insights
The primary driver behind last 12 months revenue was the Potash segment contributing a total revenue of US$135.2m (59% of total revenue). Notably, cost of sales worth US$187.3m amounted to 81% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$42.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how IPI's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Chemicals industry in the US are expected to grow by 4.5%.
Performance of the American Chemicals industry.
The company's shares are down 4.0% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Intrepid Potash's balance sheet and an in-depth analysis of the company's financial position.
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