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Nutrien Ltd. (Symbol: NTR) is a leading global provider of agricultural products and services, formed in 2018 from the merger of PotashCorp and Agrium. As the largest producer of potash by capacity and one of the world's largest producers of nitrogen and phosphate, Nutrien plays a pivotal role in helping growers produce healthier, more abundant crops. Nutrien's core business revolves around the production and distribution of these essential nutrients which are vital for plant growth.
Global Reach and Retail Operations: Nutrien's influence spans across seven countries over three continents, with a robust retail network consisting of 1,500 locations in North America, Australia, and South America. The company employs over 3,300 crop advisors, making it the world's largest direct-to-grower provider of agricultural products, services, and solutions. Through its extensive retail operations, Nutrien sells fertilizers, crop chemicals, seeds, and services directly to farmers via both brick-and-mortar stores and online platforms.
Commitment to Innovation: Innovation and technology are at the heart of Nutrien's strategy. By leveraging advanced technologies and research, Nutrien aims to provide growers with top-tier products and advice to maximize their yields and improve their profitability. The company emphasizes sustainable farming practices and collaborates with stakeholders to address economic, environmental, and social priorities.
Financial Stability and Growth: Nutrien's integrated portfolio offers a stable earnings base and multiple avenues for growth. The company is committed to returning capital to shareholders while maintaining a strong focus on long-term sustainability and growth. With its diverse range of products and services, Nutrien is well-positioned to meet the evolving needs of the agricultural sector.
Latest News:
- Source: Nutrien Ltd. --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Nutrien (TSX and NYSE: NTR) declared a quarterly dividend of US$0.54 per share, payable on July 19, 2024, to shareholders of record on June 28, 2024. The dividend will be paid in either US dollars or Canadian dollars based on the shareholder's location and account type. Registered shareholders can elect to change the currency of their dividend payments and enroll for direct deposit. All dividends are designated as eligible dividends under the Income Tax Act (Canada).
Nutrien reported strong first quarter 2024 results with net earnings of $165 million and adjusted EBITDA of $1.1 billion. The company experienced increased potash shipments, higher fertilizer operating rates, and lower costs, supporting its performance. Despite lower fertilizer selling prices, Retail adjusted EBITDA increased to $77 million due to strong crop input demand. Potash adjusted EBITDA declined to $530 million, while nitrogen adjusted EBITDA was $464 million. Initiatives to divest Retail assets in certain regions aim to focus on core businesses and enhance earnings and cash flow.
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