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NOV 11 2009
Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable February 11, 2010 to shareholders of record January 21, 2010.
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OCT 22 2009
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash,
- Southeast Asia
Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported third-quarter earnings of $0.82 per share1, or $248.8 million, compared to $3.93 per share, or $1.2 billion, in the same period last year. This result raised year-to-date earnings to $2.45 per share, or $744.2 million. The quarter-over-quarter decline reflects the continuing caution among fertilizer buyers around the world, which has negatively affected sales volumes and prices for all three nutrients. Despite substantially lower volumes, potash generated 73 percent of our total third-quarter gross margin of $346.2 million, compared to 52 percent of $1.7 billion in the same period last year, and raised our year-to-date total to $746.4 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) of $441.8 million and cash flow prior to working capital changes of $359.8 million were both significantly lower on a quarter-over-quarter basis2. EBITDA for the first nine months of 2009 reached $1.1 billion and cash flow prior to working capital changes totaled $847.4 million.
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SEP 23 2009
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has priced an offering of US $500 million aggregate principal amount of 3.75 percent notes due September 30, 2015 and US $500 million aggregate principal amount of 4.875 percent notes due March 30, 2020.
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SEP 18 2009
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced revised earnings guidance of $3.25-$3.75 per share for full-year 2009, shifting from a range of $4.00-$5.00 per share1 provided in July 2009. The change primarily reflects lower than forecasted potash sales volumes due to continued slow demand and limited restocking by fertilizer distributors around the world. Over the past 12 months, nearly 20 million tonnes of potash production has been curtailed by global producers. PotashCorp will continue to keep a tight rein on our production until demand returns in the new year. Our 2009 earnings are still expected to be among the best in company history, despite an anticipated decrease of 60 percent in year-over-year potash volumes and an 85 percent decline in our combined phosphate and nitrogen gross margin. Earnings for third-quarter 2009 are expected to be at the low-end of the $0.80-$1.20 per share guidance range previously provided.
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SEP 10 2009
Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable November 9, 2009 to shareholders of record October 19, 2009.
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JUL 23 2009
Filed under:
- Brazil,
- China,
- Customers,
- Financial,
- India,
- Investors,
- Markets,
- Nitrogen,
- North America,
- Phosphate,
- Potash
Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported second-quarter earnings of $0.62 per share1 ($187.1 million) compared to $2.82 per share ($905.1 million) in the same quarter last year. Fertilizer buyers continued to be extremely cautious in the wake of the global economic downturn, creating an unprecedented decline in potash and phosphate sales volumes as well as phosphate and nitrogen prices. In this environment, second-quarter gross margin fell to $170.6 million – with approximately two-thirds of that generated by potash – compared to $1.4 billion in the same period last year. Earnings before interest, taxes, depreciation and amortization2 of $355.9 million and cash flow prior to working capital changes2 of $304.7 million were also down compared to the same quarter in 2008.
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JUN 25 2009
Saskatoon, Saskatchewan – Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced revised earnings guidance for second-quarter 2009, shifting from our initial target of $1.10-$1.50 per share1 to our current expectation of approximately $0.70 per share. The change reflects substantially lower than forecasted potash sales volumes due to deferral of purchases by customers around the world and lower realized prices for phosphate fertilizers. Any necessary revisions to annual guidance will be addressed in our second-quarter news release.
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MAY 6 2009
Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable August 7, 2009 to shareholders of record July 17, 2009.
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APR 28 2009
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced that it has priced an offering of US $500 million aggregate principal amount of 5.25 percent notes due May 15, 2014 and US $500 million aggregate principal amount of 6.5 percent notes due May 15, 2019.
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APR 23 2009
Potash Corporation of Saskatchewan Inc. (PotashCorp) today announced first-quarter earnings of $1.02 per share1, or $308.3 million, our second-highest first quarter ever. This result compares to $1.74 per share, or $566.0 million, earned in last year's record first quarter. It was achieved largely on the strength of potash pricing, as sales volumes declined for all three nutrients and prices for nitrogen products and solid phosphate fertilizer weakened substantially. Tax adjustments, of which approximately $95.0 million was included in our initial guidance, added $166.8 million ($0.55 per share) to first-quarter earnings.