CF Industries Holdings (NYSE:CF) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.57b (down 11% from 2Q 2023).
- Net income: US$420.0m (down 20% from 2Q 2023).
- Profit margin: 27% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$2.30 (down from US$2.71 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CF Industries Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are up 4.9% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for CF Industries Holdings (1 is a bit unpleasant!) that you need to take into consideration.
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