Intrepid Potash Second Quarter 2024 Earnings: US$0.065 loss per share (vs US$0.34 profit in 2Q 2023)

Simply Wall St

August 07, 2024

Intrepid Potash (NYSE:IPI) Second Quarter 2024 Results

Key Financial Results

Revenue: US$50.0m (down 26% from 2Q 2023).
Net loss: US$833.0k (down by 119% from US$4.31m profit in 2Q 2023).
US$0.065 loss per share (down from US$0.34 profit in 2Q 2023).

earnings-and-revenue-history — NYSE:IPI Earnings and Revenue History August 7th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intrepid Potash Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Intrepid Potash's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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