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Itafos reported Q4 and full-year 2018 results, citing record safety and operating performance at its Conda plant and Adjusted EBITDA of $20.9 million in Q4 2018. It also said its Arraias plant failed to meet efficiency targets and will be repurposed toward higher-grade SSP and micronutrient products.
Strong phosphate fertilizer prices supported Itafos's earnings, but the Arraias repurposing shifts its product mix toward higher-grade phosphates, a modest signal for phosphate supply and pricing.
itafos.comApr 5, 2019Not 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.
