The company said net sales for Q1 2024 (3 months) fell $542 million (27%) from the prior-year period to $1.47 billion, from $2.01 billion. Average selling price was $325 per ton, lower than $444 a year earlier.

1. 01

   The company said net sales for Q1 2024 (3 months) fell $542 million (27%) from the prior-year period to $1.47 billion, from $2.01 billion. Average selling price was $325 per ton, lower than $444 a year earlier.

2. 02

   CF Industries Holdings said diluted net earnings per share attributable to common stockholders for Q1 2024 were $1.03, down $1.82 from $2.85 a year earlier. Net earnings including noncontrolling interest were $238 million, compared with $650 million in the prior-year period.

3. 03

   The company said cost of sales for Q1 2024 was $1.06 billion, down $88 million (8%) from $1.15 billion a year earlier. Natural gas cost fell 52% to $3.19 per MMBtu from $6.62 a year earlier.

4. 04

   CF Industries said net cash provided by operating activities for Q1 2024 was $445 million, down $502 million from $947 million a year earlier. It said it paid $339 million for share repurchases in the same period, and cash and cash equivalents were $1.77 billion as of March 31.

Key figures

Quarter ended March 31, 2024

Revenue

$1.5B

Operating income

$303M

Net income

$238M

EPS

$1.03

Gross profit

$409M

Operating cash flow

$445M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.