CF Industries Holdings (CF) revealed its fourth quarter 2011 highlights to include net earnings of $439 million, translating to $6.66 per diluted share attributable to common stockholders, which is a remarkable increase from last year’s net of $200 million, or $2.78 per share. The same quarter’s earnings before interest, taxes, depreciation and amortization were at $871 million, a far cry from previous year’s fourth quarter $500 million.
Net sales for the said quarter were at $1.7 billion as against $1.2 billion in the previous year. The tight global grain stocks, high world demand for crop nutrients, elevated corn production in North America, and sustained natural gas prices are factors which would drive up margins and volumes for the company.
The stock has recorded a new all time high lately, closing at $186.75 and surpassing the standing record of $181.89. This $182 level should now act as a support line for CF, which is currently priced at $183.88