CF Industries Holdings, Inc. Reports First Quarter 2020 Earnings Results
By: Corporate Communications
May 6, 2020
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CF Industries Holdings, Inc. (NYSE: CF), a leading global fertilizer and chemical company, today announced results for its first quarter ended March 31, 2020.
Highlights
- First quarter net earnings of $68 million(1), or $0.31 per diluted share; EBITDA(2) of $314 million; adjusted EBITDA(2) of $318 million
- Trailing twelve month net cash from operating activities of $1,491 million, free cash flow(3) of $912 million
- Company operations and logistics capabilities have not experienced pandemic-related disruptions to date
- Ongoing focus on protecting health and well-being of employees during COVID-19 pandemic
- Lowest 12-month rolling average recordable incident rate in company’s history as of March 31, 2020
- Gross ammonia production of 2.7 million tons, second highest quarterly volume in company history
- Company record first quarter granular urea and diesel exhaust fluid sales volumes
“The CF team is performing exceptionally well in a very difficult and uncertain environment created by the COVID-19 pandemic,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We are operating safely, achieving high asset utilization rates and reliably supplying our customers as we enter the peak spring demand period in North America and the United Kingdom. Our unwavering focus on protecting the health and well-being of our employees will support our ability to continue to operate strongly. This will serve us well as we meet the anticipated high demand for nitrogen in North America this spring.”
See full press release