March 3, 2014
Every day, 15,800 Agrium employees meet this challenge head-on, drawing on over 80 years of ingenuity and know-how, to produce and distribute crop inputs in a safe and responsible manner.
2013 was an exciting and challenging year for Agrium: We achieved net earnings from continuing operations of $7.31 per share, generated $2.2-billion in Adjusted EBITDA1 and $1.8-billion of cash flow from operations. We achieved these results in the face of crop nutrient prices falling 20-30 percent throughout the year. We also closed a major acquisition and raised our dividend substantially.
1Adjusted EBITDA is defined as earnings (loss) from continuing operations before finance costs, income taxes, depreciation and amortization and before finance costs, income taxes, depreciation and amortization of joint ventures.
In this year’s Annual Report, we have included a deeper explanation of Agrium’s products and services, how our business units interact and the extent of our global reach, as well as a clear discussion of our strategy. You will also find a review of our sustainability program and how we invest in our employees.