CF Industries reports record earnings - KTIV News 4 Sioux City IA: News, Weather and Sports

CF Industries reports record earnings

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SIOUX CITY, Iowa (KTIV) -

CF Industries is reporting record numbers for the third quarter of this year. The fertilizer company, based in Deerfield, Illinois, says it's net earnings came in at just over $403-million.

That works out to about $6.35 per share. CF officials say the third quarter is typically the lowest quarter of the year for them. They say the good showing this year is thanks to demand in North America with distributors trying to replenish their stock in anticipation of a large crop for 2013.

Last week, CF Industries announced a $1.7-billion expansion plan at its in Port Neal site near Salix, Iowa adding 100 new jobs.

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