Nutrien Uses Global Fertilizer Strength to Offset Weak U.S. Planting in Q2
In 2019, American farmers have dealt with trade wars, historic flooding, and, somewhat ironically, water shortages. That's led to a significant delay in the planting season for corn and soybeans, and prevented the planting of a record 10 million acres of crops. It weighed on the operations of fertilizer titan Nutrien (NYSE: NTR), too, although the business proved surprisingly resilient in the second quarter and first half of 2019.
The company delivered growth in revenue, income, and free cash flow compared to the year-ago period. While Nutrien had been relying on its enormous retail segment to drive growth in previous periods, that hasn't been possible in the first six months of the year due to the slumping American market. Luckily, healthy potash sales in international markets have kept the growth engine humming along during that time span. Here's what investors need to know about the latest operating results.
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