CVR Partners Q4, 2012 Sales and Net Fall
CVR Partners saw declining numbers in its fiscal Q4 and 2012 results. For the quarter, the fertilizer manufacturer brought in $68 million in net sales and and posted a bottom line of $15 million ($0.21 per diluted unit). Both figures are lower than Q4 2011's numbers, which were $88 million and $41 million ($0.56), respectively.
For the full year, net sales totaled $302 million and the company netted $112 million ($1.53 earnings per diluted unit), against 2011's sales of $303 million and net of $132 million ($1.48).
Going forward, CVR Partners provided guidance for its dividend policy. It expects that the full-year payout will come to $2.15-$2.45 per unit. That total was $1.81 for 2012's results. The company's most recent quarterly payout was $0.192, declared in late January and paid earlier this month.
The article CVR Partners Q4, 2012 Sales and Net Fall originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in CVR Partners. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.