Agrium Inc. (AGU, AGU.TO) reported that its second quarter net earnings attributable to equity holders grew to $860 million or $5.44 per share from $718 million or $4.54 per share a year ago.Excluding items, net earnings would have been $864-million or $5.47 per share for the recent quarter.
On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $5.22 per share. Analysts' estimates typically exclude special items.
Sales rose to $6.83 billion from $6.20 billion in the prior-year quarter. Seventeen analysts estimated revenues of $6.60 billion.
Separately, the announced that its Board of Directors has authorized the making of a Dutch auction substantial issuer bid to repurchase $900-million of its outstanding shares. Agrium anticipates that the Bid will commence in early September 2012 and be scheduled to be completed in mid-October 2012.
Agrium also reached an agreement for Glencore International plcGLEN.L, GLNCY.PK, GLCNF.PK) to sell Viterra's(VT.TO, VTA.AX), minority position in a nitrogen facility located in Medicine Hat, Alberta to CF Industries Holdings, Inc. for $915-million. The resulting net purchase price for the portion related to the retail business is estimated to be about $175-million plus about $400-million in retail working capital.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.