CF Industries Holdings Inc. Q1 2009 Earnings Call Transcript

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2009-04-24 13:02:15.0

Tags: Call Transcript, Earnings, Investor Relations, Conference Call, CF Industries Holdings Inc., Financial Accounting, Finance, Seeking Alpha

Earnings Call Excerpt

CF Industries Holdings Inc. (CF)

Q1 2009 Earnings Call

April 24, 2009 10:00 am ET

Executives

Charles A. Nekvasil – Director, Public and Investor Relations

Stephen R. Wilson – Chairman, President and Chief Executive Officer

Anthony J. Nocchiero – Senior Vice President and Chief Financial Officer

Analysts

David Silver – UBS

Robert Koort – Goldman Sachs

Mark W. Connelly – Sterne Agee

Paul D'Amico – TD Newcrest

Jeffrey Zekauskas – JP Morgan

Steve Byrne – Merrill Lynch & Company

Michael Piken – Cleveland Research Company

Michael Judd – Greenwich Consultants

Don Carson – UBS

Bill Young – ChemSpeak

[Korsus Karasanos] – Goldman Sachs

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the first quarter of 2009 CF Industries results conference call. My name is Stacy and I will be your conference moderator for today. (Operator Instructions). I would now like to turn the presentation over to your host for today's call, Mr. Charles Nekvasil, Director of Public and Investor Relations, please proceed.

Charles A. Nekvasil

Well, thank you, Stacy. Good morning and thanks for joining us on this conference call for CF Industries Holdings, Inc. I'm Chuck Nekvasil, Director of Public and Investor Relations, and with me are Steve Wilson, our Chairman and Chief Executive Officer, and Tony Nocchiero, our Senior Vice President and Chief Financial Officer.

Yesterday afternoon, CF Industries Holdings, Inc. reported its first quarter 2009 results. The purpose of today's conference call is to discuss our financial proponents of the quarter, as well as our outlook for the upcoming spring season. As you're aware, CF Industries is engaged in a proposed business combination with Terra Industries, Inc. and has received an exchange offer from Agrium, Inc.

All three companies have thoroughly communicated their positions on these transactions via news releases and various filings, including the release we issued following our annual meeting of shareholders this Tuesday. We've also been on the road extensively during these last few weeks discussing the proposed transactions with investors.

We remain totally committed to our proposed combination with Terra Industries, viewing it as a compelling combination with a number of strategic benefits to shareholders of both companies. However, for today's conference call we will limit our comments and your questions to our financial performance and prospects.

As you read our news release, posted on the Investor Relations section of our website, at www.cfindustries.com, and as you listen to this conference call, please recognize that both contain forward-looking statements within the meeting of federal securities laws. All statements in the release and oral statements on this call or other discussions, other than those relating to historic information or current condition, are considered forward-looking statements.

 

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