| stries Holdings, Inc. (CF) is one of North | | | | Sales were also a record, up 37% to $1.16 billion as |
| America’s largest manufacturers and | | | | price increases offset any weather-related downturns, |
| distributors of nitrogen and phosphate fertilizers. The | | | | including the Midwest flooding. |
| company reported second quarter estimates that | | | | The fertilizer segment is expected to remain strong for |
| easily beat Wall Street estimates for the fifth | | | | the rest of the year. |
| consecutive quarter. | | | | "One illustration of the market’s strength is the |
| CF Industries is headquartered in Deerfield, IL. The | | | | fact that the recent upturn in urea prices took place |
| company operates nitrogen fertilizer manufacturing | | | | with India, a major consumer, largely out of the |
| facilities in Donaldsonville, LA and Medicine Hat, Alberta; | | | | market," said Stephen R. Wilson, chairman and chief |
| phosphate mining and production operations in Central | | | | executive officer of CF Industries Holdings, Inc. |
| Florida; and a variety of fertilizer distribution terminals | | | | "India, Latin America, and Western Europe now have |
| and warehouses in the Midwest. | | | | begun to come into the market more actively. This |
| Click here to find out more! | | | | development - coupled with large U.S. fertilizer import |
| CF controls 26% of the fertilizer market for nitrogen | | | | requirements - could create strong fundamentals for |
| and 19% for phosphate in the key agricultural markets | | | | fertilizer pricing this fall," he said. |
| in the Midwest. The company also exports fertilizers to | | | | The company said that while demand looked strong |
| Latin and South America and owns a 50% interest in | | | | for fertilizers through the spring of 2009 there were |
| KEYTRADE AG, a global fertilizer trader | | | | some events that could possibly lower this demand, |
| headquartered in Switzerland. | | | | including uncertainty regarding export tax levels in |
| CF Reports Record Earnings for the Second Quarter | | | | China and the cost of sulfur. |
| On July 28, CF reported second quarter earnings and | | | | CF Has Strong Fundamentals |
| easily beat Wall Street estimates by 15.17%. Net | | | | CF Industries Holdings is a Zacks #1 Rank (Strong Buy) |
| income was a record of $288.6 million, or $5.02 per | | | | stock. CF Industries is cheap, despite a recent run-up in |
| share. Adjusted earnings per share were $4.10 | | | | the stock. Its forward P/E is only 8.80. |
| compared to analysts' estimates of $3.56 per share. | | | | |