CVR Partners Q4, 2012 Sales and Net Fall

CVR Partners (NYSE: UAN  ) saw declining numbers in its fiscal Q4 and 2012 results. For the quarter, the fertilizer manufacturer brought in $68 million in net sales and and posted a bottom line of $15 million ($0.21 per diluted unit). Both figures are lower than Q4 2011's numbers, which were $88 million and $41 million ($0.56), respectively.

For the full year, net sales totaled $302 million and the company netted $112 million ($1.53 earnings per diluted unit), against 2011's sales of $303 million and net of $132 million ($1.48).

Going forward, CVR Partners provided guidance for its dividend policy. It expects that the full-year payout will come to $2.15-$2.45 per unit. That total was $1.81 for 2012's results. The company's most recent quarterly payout was $0.192, declared in late January and paid earlier this month.


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  • Report this Comment On February 27, 2013, at 7:02 PM, KGaider wrote:

    Why don't you be more honest in your headline and state that it was due to one time maintenance turnaround which it was. And put in the other details that they actually beat on Q4 eps and revenue and the min div increase is 19%...PLUS uan prices are up from Q4 by almost $100/ton - higher than last year and ammonia prices are near $900/ton. Also UAN guidance last year was 1.70 to 1.80 and they beat with 1.81. So highly likely they will be closer to the 2.45 or 35% hike. Or that q4 19.2 cent div was a one off and is now back to 53.75 cents min.

  • Report this Comment On February 28, 2013, at 1:51 AM, rpgjr2000 wrote:

    Thanks, good comments

  • Report this Comment On February 28, 2013, at 8:36 AM, jrkirk wrote:

    KGaider has it right, the headline does not begin to tell an accurate story. The company has just finished a 50% production expansion project, and is currently ramping up production, reaching maximum production capacity some time in March. They also beat analysts estimates........where is that in the article from MF? Better to say nothing than to get it wrong!

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