Feb 19 (Reuters) - Nutrien ( NTR ) fell short of Wall Street expectations for
fourth-quarter profit on Wednesday, as the top potash producer struggled with lower sales of
crop nutrients.
Quarterly sales for its retail segment were down at $3.18 billion, compared with $3.50
billion a year earlier, dragged by about 15% drop in crop nutrients sales.
The company said the sales volumes were impacted by wet weather in North America in the
quarter as well as its strategic actions in Brazil.
Earlier this month, Nutrien's ( NTR ) Brazilian unit said it would sell its fertilizer blending
plants in the country.
Nutrien ( NTR ) is shifting its focus to reselling farm inputs through its network of local
retailers in Brazil as part of a sharp strategic change after its acquisitions and investments
failed to yield the expected returns.
The Saskatoon, Canada-based firm posted an adjusted profit of 31 cents per share for the
three months ended December 31, compared with the analysts' average estimate of 35 cents per
share, according to data compiled by LSEG.