Intrepid Potash, Inc. Participated At Two Conferences According to BAC Report25 Mar 2013 • by Natalie Aster
LONDON - Intrepid Potash Inc attended two investor conferences in February. 26th of February the company made a presentation at the Goldman Sachs Seventeenth Annual Agribusiness Conference in New York. Last day of February Intrepid Potash participated in the Bank of America Merrill Lynch 2013 Global Agriculture Conference, where it also presented its financial results. Both presentations were broadcasted live though the company’s website, and their archived contents can be found in the Investor Relations section in .PDF format.
Intrepid Potash has witnessed its margins falling during 2012. While revenue increased by 1.9% to USD 451.3 M, gross profit lost 8.6% and equaled USD 170.1%, operating income fell by 22.1% to USD 135.4 M, net income declined by 20.1% and amounted USD 87.4 M. the quarter ended September 2012 was the strongest period for the company, having its results high above other 2012 quarterly values. Annual revenue growth was mainly attributable to increased sales in Potash segment. Prices for Trio® rocketed despite decreasing sales volumes. Among by-products Magnesium Chloride was the fastest growing commodity.
Founded in 2000 and headquartered in Denver, Colorado (USA), Intrepid Potash engages in mining and sales of potash in the Unites States. The company also produces langbeinite. The company supplies 1.6% of global and 9.3% of US potassium demand annually. Intrepid operates 5 production sites – two in Utah (USA) and three in New Mexico (Mexico). The enterprise trades at New York Stock exchange under the ticker IPI.
More details on the company’s activities, risks, business possibilities, financials and news can be found in the report “Intrepid Potash, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Intrepid Potash, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2013
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