2025 First Quarter Financial Results May 7, 2025 NYSE: CF Safe harbor statement All statements in this presentation by CF Industries Holdings, Inc. (together with its subsidiaries, the "Company"), other than those relating to historical facts, are forward-looking statements. Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will" or "would" and similar terms and phrases, ...

For the quarter ended March 2025, Nutrien (NTR) reported revenue of $5.1 billion, down 5.4% over the same period last year. EPS came in at $0.11, compared to $0.46 in the year-ago quarter.The reported revenue represents a surprise of -4.18% over the Zacks Consensus Estimate of $5.32 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

Potash prices rise modestly. SE-Asia MOP prices were +$5/t to $335-355/t cfr WoW while Pupuk still has to award its MOP tender post various suppliers rejecting its second counterbid of $338/t cfr (while most suppliers are looking for $360/t cfr and more). US NoLa MOP prices were +$2/st to $315-320/st fob as the market is relatively quiet post the tariff exemptions, and farmers are overall well-covered for spring season needs; summer fills typically start in June. NW-EU MOP prices stable at €340-360/t cif Wo ...

For the quarter ended March 2025, Compass Minerals (CMP) reported revenue of $494.6 million, up 35.9% over the same period last year. EPS came in at $0.63, compared to $1.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $413.88 million, representing a surprise of +19.50%. The company delivered an EPS surprise of +61.54%, with the consensus EPS estimate being $0.39.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

分组1 - Nutrien reported quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.33 per share, and down from $0.46 per share a year ago, representing an earnings surprise of -66.67% [1] - The company posted revenues of $5.1 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 4.18%, and down from $5.39 billion year-over-year [2] - Nutrien has not surpassed consensus revenue estimates over the last four quarters, achieving this only once for EPS [2] 分组2 - The stock has increased approximately 26.2% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3] - The current consensus EPS estimate for the upcoming quarter is $2.34 on revenues of $10.51 billion, and for the current fiscal year, it is $3.72 on revenues of $26.27 billion [7] - The Fertilizers industry is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

Core Insights - CF Industries reported quarterly earnings of $1.85 per share, exceeding the Zacks Consensus Estimate of $1.47 per share, and showing an increase from $1.03 per share a year ago, representing an earnings surprise of 25.85% [1] - The company achieved revenues of $1.66 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 9.34% and up from $1.47 billion year-over-year [2] - CF Industries has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.10 on revenues of $1.7 billion, and for the current fiscal year, it is $5.97 on revenues of $6.11 billion [7] - The estimate revisions trend for CF is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Fertilizers industry, to which CF belongs, is currently ranked in the top 9% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) -- Itafos Inc. (TSX-V: IFOS) (the “Company”) today reported its Q1 2025 financial results and provided a corporate update. The Company’s financial statements and management’s discussion and analysis for the three months ended March 31, 2025 are available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.itafos.com. All figures are in thousands of US Dollars except as otherwise noted. CEO Commentary Chief Executive Officer David Delaney ...

Financial Data and Key Metrics Changes - Net income for the first quarter of 2025 was $238 million, with adjusted EBITDA at $544 million, reflecting strong phosphate prices and improving potash prices [9][10] - First quarter realized prices were $623 per ton for phosphate and $223 per ton for potash, exceeding guidance ranges [10][11] - Free cash flow generation was constrained by typical working capital seasonality, with expected CapEx of $1.2 billion to $1.3 billion for the year [21][40] Business Line Data and Key Metrics Changes - Phosphate production was 1.4 million tons in Q1 2025, with a production volume outlook maintained at 7.2 million to 7.6 million tons for the year [15][16] - Potash production cash cost per ton was $78, up from $72 in the prior year quarter, with expectations for costs to decline as production increases [33][34] - Mosaic Biosciences revenue more than doubled year-over-year, driven by strong sales of existing products and new product launches [18][19] Market Data and Key Metrics Changes - Global fertilizer demand remains strong, with robust demand in Brazil and a projected increase in shipments to exceed 47 million tons [24][25] - Phosphate demand is driven by rising lithium iron phosphate production in China, which grew 55% in Q1 2025 [12][13] - The North American spring season is expected to see typical demand for both phosphate and potash, with limited channel inventory remaining [22] Company Strategy and Development Direction - The company is focused on normalizing phosphate production and operating costs, with a strategic emphasis on capital reallocation and shedding non-core assets [6][8] - Mosaic's expansive market access, particularly in Brazil, positions the company well for growth amid geopolitical tensions [12][16] - The company anticipates significant opportunities for growth in new markets and products, particularly through its Mosaic Biosciences division [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term market fundamentals, despite uncertainties in global trade policies [6][12] - The company expects further improvements in segment profitability in Q2 2025, driven by seasonal demand increases [16][37] - Management highlighted the importance of maintaining cost discipline and improving asset reliability to enhance operational performance [13][14] Other Important Information - The company is on track to achieve its full-year unit cost targets, with expectations for cash flow generation to improve in the remainder of the year [16][40] - The capital reallocation program is progressing, with discussions on non-core potash assets accelerating [41] Q&A Session Summary Question: Assessment of Bartow, New Wales, and Riverview operations - Management indicated that the assessment remains similar to previous evaluations, with ongoing reliability enhancement projects paying off [45][46][50] Question: Impact of tariffs on ammonia supply - Management confirmed that current ammonia purchases have not incurred tariff impacts, with most supply coming from exempt sources [52][54] Question: Phosphate pricing and maintenance costs - Management acknowledged extraordinary maintenance costs but expects conversion costs to decline as production normalizes [60][64] Question: Potash market dynamics and Belarusian shipments - Management noted that while Belarusian shipments have not decreased, production cuts from other regions are expected to support pricing [66][68] Question: Cost of production cadence for potash - Management anticipates significant improvements in cash costs as low-cost production ramps up in the latter half of the year [71][73] Question: Mosaic's role in supply and demand dynamics - Management indicated that increased production will still align with tight supply-demand balances, particularly in phosphates [76][80] Question: Cash flow and working capital expectations - Management expects improved cash flow generation, with incremental EBITDA translating into cash flows despite working capital increases [89][92] Question: Mosaic Biosciences growth and strategy - Management outlined plans for significant revenue growth in Mosaic Biosciences, with a focus on proprietary products and market expansion [95][102]

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $238 million, with adjusted EBITDA at $544 million, reflecting strong phosphate prices and improving potash prices [7][8] - First quarter realized prices were $623 per ton for phosphate and $223 per ton for potash, exceeding guidance ranges [8][9] - Free cash flow generation was constrained by typical working capital seasonality, with expected CapEx of $1.2 billion to $1.3 billion for the year [19][39] Business Line Data and Key Metrics Changes - Phosphate production was 1.4 million tons in Q1 2025, with a production volume outlook maintained at 7.2 million to 7.6 million tons for the year [13] - Potash production cash cost per ton was $78, up from $72 in the prior year, with expectations for costs to decline as production increases [32][33] - Mosaic Biosciences revenue more than doubled year-over-year, driven by strong sales of existing products and new product launches [15][16] Market Data and Key Metrics Changes - Global fertilizer demand remains strong, with solid ag commodity fundamentals despite geopolitical uncertainties [5][20] - Brazilian growers are benefiting from favorable economics, with NP and K shipments expected to exceed 47 million tons [22] - Phosphate demand is driven by rising lithium iron phosphate production in China, which grew 55% in Q1 2025 [11][24] Company Strategy and Development Direction - The company is focused on normalizing phosphate production and operating costs, with a strategic advantage in market access, particularly in Brazil [6][10] - Ongoing efforts to shed non-core assets and reallocate capital are in progress, with a commitment to return excess capital to shareholders [18][19] - The company anticipates significant growth opportunities in new markets and products, leveraging its expansive footprint in Brazil [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about navigating geopolitical dynamics and highlighted the long-term constructive market fundamentals [10][42] - The outlook for Q2 2025 is positive, with expectations for improved earnings and segment profitability [14][42] - Management noted that while there may be headwinds in the second half of the year, the overall market remains tight and supportive [21][24] Other Important Information - The company is investing in production enhancements, including a hydrofloat project expected to increase potash production volumes [12][32] - The impact of foreign exchange variations on earnings was noted, with a negative effect of $18 million in Q1 [33] - The company is closely monitoring the affordability of fertilizers in the U.S. market and its implications for demand [81] Q&A Session Summary Question: Assessment of Bartow, New Wales, and Riverview operations - Management indicated that the assessment remains similar, with ongoing reliability enhancement projects paying off [44][46][49] Question: Impact of tariffs on ammonia supply - Management confirmed that current ammonia purchases have not incurred tariff impacts, with most supply coming from exempt sources [51][52] Question: Phosphate pricing and maintenance costs - Management acknowledged extraordinary maintenance costs but expects them to normalize as production increases [57][60] Question: Potash market dynamics and Belarusian shipments - Management noted that while Belarusian shipments have not decreased, production cuts from other regions are expected to support pricing [67][68] Question: Cost of production for potash - Management expects significant improvements in potash production costs as low-cost tons come into the marketplace [71][74] Question: Mosaic's role in supply and demand dynamics - Management indicated that supply constraints will continue to support pricing, with strong demand anticipated in India [78][80] Question: Cash flow and working capital expectations - Management expects cash flow generation to improve, with incremental EBITDA contributing positively despite working capital increases [90][92] Question: Mosaic Biosciences growth and profitability - Management highlighted strong growth projections for Mosaic Biosciences, with a focus on product development and market access [96][100]

Q1 2025 Earnings Presentation Icahn Enterprises L.P. May 7, 2025 1 Safe Harbor Statement Forward-Looking Statements and Non-GAAP Financial Measures The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements we make in this presentation, including statements regarding our future performance and plans for our businesses and potential acquisitions. Forward-looking statements may be identified by words such as "believes," "expects," "potential," "continues," "ma ...