INTREPID POTASH Reports Total Revenue of USD 81.0 Million and Net Income of USD 4.3 Million for Q2 FY2023
August 25, 2023
🌥️Earnings Overview
For the second quarter of FY2023 ending on June 30 2023, INTREPID POTASH ($NYSE:IPI) reported USD 81.0 million in total revenue and USD 4.3 million in net income; representing a decrease of 11.7% and 81.9% respectively when compared to the same period of the previous year.
Price History
In response to the news, INTREPID POTASH stock opened at $26.8 and closed at $26.8, down by 1.2% from its prior closing price of 27.1. Despite this, INTREPID POTASH has continued to focus on cost control and efficiency gains, which has allowed it to remain profitable in the current difficult environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intrepid Potash. More…
| Total Revenues | Net Income | Net Margin |
| 309.38 | 25.9 | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intrepid Potash. More…
| Operations | Investing | Financing |
| 44.54 | -84.3 | -25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intrepid Potash. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 796.27 | 70.17 | 55.18 |
Key Ratios Snapshot
Some of the financial key ratios for Intrepid Potash are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | 84.6% | 11.8% |
| FCF Margin | ROE | ROA |
| -14.0% | 3.2% | 2.9% |
Analysis
At GoodWhale, we have conducted a thorough analysis of INTREPID POTASH‘s fundamentals. After our examination, we have concluded that INTREPID POTASH is a medium risk investment in terms of its financial and business aspects. Our Risk Rating tool has detected two risk warnings in its income sheet and balance sheet, so it is worth taking into consideration before deciding to invest in the company. If you would like to find out more, sign up for our service to get access to our in-depth research and analysis. More…
Peers
The company produces potash, a key ingredient in fertilizers, through solution mining and conventional underground mining. Tessenderlo Group NV, Shenzhen Batian Ecotypic Engineering Co Ltd, and Rosier SA are all competitors in the potash industry.
– Tessenderlo Group NV ($LTS:0KCP)
Tessenderlo Group is a Belgian chemical company with a focus on specialty chemicals, agro solutions, and industrial solutions. The company has a market cap of 1.33B as of 2022 and a return on equity of 16.08%. Tessenderlo Group is a leading player in its field and has a strong presence in Europe, North America, and Asia. The company’s products are used in a wide range of industries, including agriculture, construction, automotive, and food and beverage.
– Shenzhen Batian Ecotypic Engineering Co Ltd ($SZSE:002170)
Shenzhen Batian Ecotypic Engineering Co Ltd is a Chinese company that specializes in the design and construction of ecological engineering projects. The company has a market cap of 4.57B as of 2022 and a Return on Equity of 3.84%.
– Rosier SA ($LTS:0EBW)
Rosier SA is a French company that specializes in the manufacture of automotive parts and accessories. The company has a market capitalization of 50.78 million as of 2022 and a return on equity of 64.04%. The company’s products are sold through a network of retailers and distributors in France and other European countries. Rosier SA is a publicly traded company listed on the Euronext Paris Stock Exchange.
Summary
INTREPID POTASH reported total revenue of $81 million and net income of $4.3 million for the second quarter of FY2023, ending June 30 2023. This marks a decrease of 11.7% in revenue and 81.9% in net income compared to the same period last year. Investors should be aware of the declining income that INTREPID POTASH has experienced and may want to further analyze the company’s financials and operations before making an investment decision.
Related Posts
Recent Posts
