SASKATOON - Nutrien Ltd. says it earned US$392 million in its second quarter, down from US$448 million a year earlier.
The Saskatoon-based company says sales came in at US$10.2 billion, down from US$11.7 billion during the second quarter of 2023.
Diluted earnings per share were 78 cents US, compared with 89 cents US a year earlier.
Nutrien says the lower earnings primarily reflects lower fertilizer net selling prices and a loss on foreign currency derivatives.
The company also announced that Mark Thompson will become executive vice-president and chief financial officer effective Aug. 26.
Thompson succeeds Pedro Farah, who will remain with the company in an advisory capacity until the end of 2024.
This report by ´ºÉ«Ö±²¥was first published Aug. 7, 2024.
Companies in this story: (TSX:NTR)
