CVR Partners Q4, 2012 Sales and Net Fall
Feb 27th 2013 6:37PM
Updated Feb 27th 2013 9:15PM
CVR Partners 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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