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Itafos reported Q1 2021 revenue of $90.1 million, adjusted EBITDA of $20.7 million and net income of $1.9 million. The company raised its full-year 2021 adjusted EBITDA guidance to $95-105 million and its free cash flow guidance to $40-50 million, citing significantly improved market fundamentals at its Conda operation.
Management's comment on stronger phosphate market fundamentals signals firm phosphate fertilizer pricing. This is a company-level result rather than a major supply shift, so its effect on feed commodity prices is limited.
financialpost.comGlobeNewswireMay 13, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
