Intrepid Potash reports Q2 adjusted EPS 45c vs 0c last year

Reports Q2 revenue $71.5M vs $62.1M last year. Kevin Crutchfield, Intrepid’s Chief Executive Officer, commented: “In the second quarter, we again delivered results that exceeded our expectations, and I’d like to congratulate the team on achieving strong performance across the board. Owing to supportive potash market fundamentals, and steady demand for our potash and Trio(R), our second quarter was highlighted by solid pricing and sales volumes, which helped drive higher gross margins in both segments compared to the prior year. On a consolidated basis, our adjusted EBITDA of $16.4 million was roughly 75% higher than last year’s second quarter, while our cash flow from operations of $39.9 million helped Intrepid end the quarter in a very strong financial position.”