This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CF Industries Holdings, Inc. Reports Fourth Quarter Earnings

CF Industries Holdings, Inc. (NYSE: CF):

Fourth Quarter Highlights
  • EBITDA 1 of $643.0 million during period of weak global fertilizer prices.
  • Net earnings attributable to common stockholders of $325.8 million, or $5.71 per diluted share.
  • Announced sale of phosphate business to the Mosaic Company for $1.4 billion and separate long-term ammonia supply agreement with a defined margin.
  • Repurchased 1.5 million shares at an average price of approximately $223 per share.
  • Increased dividend 150% to $1.00 per share per quarter.

Full Year Highlights
  • EBITDA of $2.7 billion, third highest in company history.
  • Net earnings attributable to common stockholders of $1.5 billion, or $24.74 per diluted share.
  • Repurchased 7.3 million shares, 12% of shares outstanding.
  • Inaugural issuance of $1.5 billion of investment grade debt.
  • Acquired outstanding one-third interest in Medicine Hat facility and 3 Canadian distribution facilities.

Focus for 2014
  • Maintain commitment to safety and operational excellence.
  • Complete $1.4 billion sale of phosphate to Mosaic.
  • Raise up to $1.5 billion in new long-term debt.
  • Continue to execute capacity expansion projects which will increase nitrogen capacity 25% by 2016.
  • Return significant cash to shareholders via repurchases and dividends.

1 Earnings Before Interest, Taxes, Depreciation and Amortization.


CF Industries Holdings, Inc. today reported fourth quarter 2013 EBITDA of $643.0 million and net earnings attributable to common stockholders of $325.8 million, or $5.71 per diluted share, compared to EBITDA of $835.2 million and net earnings attributable to common stockholders of $470.7 million, or $7.40 per diluted share, in the fourth quarter of 2012. Net sales in the fourth quarter of 2013 were $1.3 billion, down 10 percent from $1.5 billion in the same period last year.

1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs