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Intrepid Potash reported second-quarter results with improved profitability, citing supportive pricing and stable Trio sales volumes. The company raised its full-year potash production guidance to 290-300 thousand tons and reported gross margin up 35 percent year over year.
Net income rose to $15.6 million, including a gain on the sale of Intrepid South.
Supportive potash pricing and higher producer output guidance point to a firm potash market. Feed buyers should expect potash-linked input costs to hold steady or firm.
business.sherbrookerecord.comIntrepid Potash, IncMay 25, 2018Not 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.
