IPI Intrepid Potash, Inc. featured news, full reports, and detailed charts
Intrepid Potash, Inc. (IPI) Wrap Up:
Intrepid Potash, Inc., together with its subsidiaries, engages in the production and marketing of muriate of potash or potassium chloride and langbeinite. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets. The company was founded in 2000 and is based in Denver, Colorado.www.intrepidpotash.com
769 Employees
Founded in 2000
Intrepid Potash, Inc. (IPI:NYSE)
LAST $29.83 USD
CHANGE TODAY +0.79 2.72%
VOLUME 3.5M
As of 4:02 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Intrepid Potash, Inc. (IPI)
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OPEN
$28.61
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PREVIOUS CLOSE
$29.04
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DAY HIGH
$30.10
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DAY LOW
$28.41
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52 WEEK HIGH
06/1/09 - $34.56
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52 WEEK LOW
12/5/08 - $13.80
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MARKET CAP
2.2B
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AVERAGE VOLUME 3 mo
2.0M
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DILUTED EPS TTM
$0.95
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SHARES OUTSTANDING
75.0M
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IPI Does Not Pay Dividends
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P/E TTM
31.4x
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| K = Thousands M = Millions B = Billions | ||
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IPI Top Compensated Officers
Mr. Robert P. Jornayvaz III
Co-Founder, Chairman, Chief Executive Officer...
Age: 51
Total Annual Compensation: $882.5K
Mr. Hugh E. Harvey Jr.
Co-Founder, Chief Operating Officer, Chief Te...
Age: 57
Total Annual Compensation: $837.5K
Mr. David W. Honeyfield
Chief Financial Officer, Executive Vice Presi...
Age: 42
Total Annual Compensation: $486.3K
Mr. R. L. Moore
Senior Vice President of Marketing & Sales
Age: 60
Total Annual Compensation: $334.5K
Mr. James N. Whyte
Executive Vice President of Human Resources &...
Age: 51
Total Annual Compensation: $375.8K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Intrepid Potash, Inc. (IPI)
Intrepid Potash Inc. Provides CapEx Guidance for the Year 2009
11/6/2009
Intrepid Potash Inc. provided CapEx guidance for the year 2009. Total capital investment in 2009 is now expected to be between $100 million and $110 million as decided during the third quarter to slow down capital spending in response to a slower then expected rebound in market demand.
Intrepid Potash, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/5/2009
Intrepid Potash, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $9.5 million or $0.13 diluted per share on sales of $66.4 million compared to net income of $49.7 million or $0.66 per diluted share on sales of $146.2 million in the second quarter of 2008. Operating income was $16.2 million compared to operating income of $79.8 million in the second quarter 2008. Income before income taxes was $15.9 million compares to income before income taxes of $79.1 million in the third quarter of 2008. Cash flows from operating activities were $6.6 million compared to $66.8 million in 2008. Additions to property, plant, and equipment were $32.4 million against $17.4 million last year. Adjusted net income for the third quarter of 2009 was $13.3 million compared to adjusted net income of $49.8 million in the same period of 2008. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter of 2009 were $20.8 million. The decrease in sales this quarter as compared to 2008, resulted from slower sales of granular potash as growers continued to defer potash applications due to a later than normal fall harvest in most of core markets. For the nine months, the company reported net income of $48.6 million or $0.65 diluted per share on sales of $228.7 million compared to pro forma net income of $101.4 million or $1.35 per diluted share on pro forma sales of $335.8 million in the 2008. Operating income was $83.3 million against $158.0 million last year. Income before income taxes was $83.2 million against $164.1 million last year. Cash flows from operating activities were $57.9 million compared to $109.8 million in 2008. Additions to property, plant, and equipment were $76.8 million against $21.5 million last year.
Intrepid Potash, Inc., Q3 2009 Earnings Call, Nov--06-2009
10/1/2009
Intrepid Potash, Inc., Q3 2009 Earnings Call, Nov-06-2009
IPI Competitors
| Company | Last | Change |
| Arab Potash | 33.54 JOD | -0.71 |
| Atacama Minerals Corp | C$0.51 CAD | 0.00 |
| Compass Minerals International Inc | $65.73 USD | -0.25 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | IPI | Industry Range |
| Price/Earnings | 31.4x |
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| Price/Sales | 7.9x |
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| Price/Book | 3.2x |
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| Price/Cash Flow | 31.4x |
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| TEV/Sales | 7.6x |
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IPI transactions
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| No transactions in the last 6 months. | ||
More Recent News About Intrepid Potash, Inc.
More news for IPI
Intrepid Potash, Inc. Q3 2009 Earnings Call Transcript
Intrepid Potash, Inc. (IPI) Q3 2009 Earnings Call November 6, 2009 9:30 am ET Executives Bob Jornayvaz – CEO David Honeyfield – EVP, CFO & Treasurer Hugh Harvey – Chief Technical Officer R.L. Moore – SVP Marketing & Sales John Mansanti – VP Operations William Ken – Director IR Analysts Robert Koort - Goldman Sachs Vincent Andrews - Morgan Stanley Steve Byrne – Bank of America Edlain Rodriguez - Broadpoint.AmTech Elaine Yip – Credit Suisse Don Carson – UBS Fai Lee - RBC Capital Markets Mark Gulley - Soleil Securities Edward Yang - Oppenheimer & Co. Horst Hueniken - Thomas Weisel Partners Presentation Operator Welcome to the Intrepid Potash third quarter 2009 earnings conference call. (Operator Instructions) It is my pleasure to turn the conference over to William Kent, Director of Investor Relations. Mr. Kent, please go ahead. William Kent Good morning and thank you all for joining us for our third quarter 2009 earnings conference call. I'd like to start by introducing today's participants from the company. We have with us Bob Jornayvaz, the Chairman and Chief Executive Officer; Hugh Harvey, Chief Technology Officer; David Honeyfield, Executive Vice President, Chief Financial Officer and Treasurer; and R. L. Moore, Senior Vice President of Marketing and Sales; and John Mansanti, Vice President of Operations. John joined Intrepid on October 19, 2009. I would also like to remind everyone that statements made in this call which ex...Click here to read the whole Article (external link)
New Star Analyst Rankings for INTREPID POTASH INC
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
Intrepid Potash downgraded by RBC Capital Mkts
Quotes for IPI - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} ...Click here to read the whole Article (external link)
INTREPID POTASH, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0930-Sep-08Total Revenue66,449 73,392 88,901 36,838 Cost of Revenue43,549 37,995 41,744 (7,078)Gross Profit22,900 35,397 47,157 43,916 Operating ExpensesResearch Development - - - - Selling General and Administrative6,493 8,340 6,783 4,371 Non Recurring - 12 (12) - Others169 173 168 (14)Total Operating Expenses - - - - Operating Income or Loss16,238 26,872 40,218 39,559 Income from Continuing OperationsTotal Other Income/Expenses Net(326)384 (138)(6,858)Earnings Before Interest And Taxes15,912 27,256 40,080 32,701 Interest Expense - (203)203 (1,999)Income Before Tax15,912 27,459 39,877 34,700 Income Tax Expense6,392 13,023 15,196 29,478 Minority Interest - - - - Net Income From Continuing Ops9,520 14,436 24,681 5,222 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
Bulls Buy Oshkosh, Alkermes: Options Recap
Stock quotes in this article: S , CF , IPI , ...Click here to read the whole Article (external link)
INTREPID POTASH, INC. Files SEC form 8-K, Other Events
Item 8.01 Other Events. On November 9, 2009, Intrepid Production Corporation ("IPC"), a corporation wholly-owned by Robert P. Jornayvaz III, Chief Executive Officer of Intrepid Potash, Inc. (the "Company"), and Harvey Operating and Production Company ("HOPCO"), a corporation wholly-owned by Hugh E. Harvey, Jr., Chief Technology Officer of the Company, each entered into substantially similar Rule 10b5-1 sales plans (the "November Plans") with a broker to sell shares of the Company's common stock. As previously disclosed, on June 8, 2009, IPC and HOPCO each entered into substantially similar Rule 10b5-1 sales plans (the "June Plans") with a broker to sell shares of the Company's common stock. The June Plans will expire on December 14, 2009. The maximum number of shares that may be sold under each of the June Plans and the November Plans amounts to less than 10% of the shares of the Company's common stock beneficially owned by each of Messrs. Jornayvaz and Harvey, respectively. Under each of the November Plans, up to 1,450,000 shares of the Company's common stock (less the number of any shares sold under the June Plans) may be sold by IPC and HOPCO beginning on November 9, 2009, with such shares to be sold in separate tranches at different specified market prices. The November Plans are scheduled to remain in effect until November 8, 2010. Messrs. Jornayvaz and Harvey have entered into the November Plans in order to diversify their personal investments. Messrs. Jornayvaz and Harvey are each subject to the Company's executive stock ownership guidelines that require Mr. Jornayvaz, as Chief Executive Officer, to own shares of the Company's common stock with an average value equal to at least three times his annual base salary and Mr. Harvey, as a member of senior management, to own shares of the Company's common stock with an average value equal to at least two times his annual base salary. The November Plans were adopted in accordance with...Click here to read the whole Article (external link)
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