Reuters — Fertilizer and farm retail dealer Agrium reported a better-than-expected fourth-quarter profit helped by higher prices for most grains and oilseeds. The company also forecast 2015 profit to be $7 to $8.50 per share. Analysts on average expect a profit of $7.55 per share, according to Thomson Reuters I/B/E/S. Agrium’s U.S.-listed shares rose two […] Read more
Tag Archives agrium — page 6
Agrium profit beats Street, helped by higher grain prices
Ex-Viterra chief returns to Agrium board
No longer lined up to lead Louis Dreyfus’ global commodities operations, Mayo Schmidt is back on the board of one of the world’s major ag retail and fertilizer firms. Schmidt — previously CEO at Viterra, Canada’s biggest grain handling firm, from 2000 to 2012 — had stepped down last month from Calgary-based Agrium’s board of directors in light of […] Read more
Agrium to shed U.S. fertilizer terminals
Fertilizer giant Agrium’s planned exit from the purchase-for-resale business now includes a US$50 million deal for two of its U.S. fertilizer facilities. The Calgary company announced Tuesday it’s reached a deal to sell its Illinois anhydrous ammonia storage and distribution terminals at Niota and Meredosia — about 150 km west of Peoria and 95 km […] Read more
Agrium restarts potash output at Sask. mine
Fertilizer and ag retail giant Agrium has restarted potash production at its west-central Saskatchewan mine after a months-long expansion-related shutdown. Calgary-based Agrium said Wednesday its site at Vanscoy, about 25 km southwest of Saskatoon, is back in business after completion of what it called a “major turnaround” to tie in a one million-tonne expansion project. […] Read more
New Dreyfus CEO leaves Agrium board
Mayo Schmidt, the former Viterra chief executive named last month to become CEO of Louis Dreyfus’ global commodities business, has stepped away from the board table at ag input firm Agrium. Calgary-based Agrium, which includes wholesale fertilizer and retail seed, fertilizer and crop protection businesses, announced last Monday (Dec. 22) that Schmidt would resign from […] Read more
ValueAct buys stake in fertilizer dealer Agrium
Reuters — Activist hedge fund ValueAct Capital on Friday disclosed it had bought a 5.7 per cent stake in Agrium, one and a half years after the Canadian fertilizer and ag retailer maker won a proxy battle aimed at breaking up the company. Agrium’s shares jumped nearly seven per cent in morning trading in New […] Read more
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