Agrium reports fourth quarter earnings in U.S. dollars.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--Feb. 13, 1997-- Agrium Agrium Inc. NYSE: AGU TSX: AGU engages in the production, marketing, and distribution of agricultural products and services, and nutrients for agricultural and industrial markets in the United States and Argentina. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , NYSE NYSE See: New York Stock Exchange AGU AGU Aoyama Gakuin University, Tokyo, Japan AGU American Geophysical Union AGU Arabian Gulf University (Bahrain) AGU All Grown Up (TV show) AGU Aguascalientes, Aguascalientes, Mexico .) Agrium Inc. (TSE and NYSE: AGU) announced today that its earnings from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. charges for the year ended Dec. 31, 1996 were $211.5 million ($1.54 per share), a decrease of $7.1 million (3 percent) from the $218.6 million ($1.64 per share) earned in 1995. Cash provided by continuing operations before one-time charges was $312.9 million ($2.27 per share) in 1996, an increase of $5.1 million (2 percent) compared with the $307.8 million ($2.32 per share) in 1995. Fourth quarter earnings from continuing operations before one-time charges were $40.3 million ($0.29 per share) for 1996 compared with $58.3 million ($0.44 per share) in 1995. Cash provided by continuing operations before one-time charges for the fourth quarter was $78.2 million ($0.56 per share) in 1996 and $84.8 million ($0.64 per share) in 1995. On Dec. 10, 1996, Agrium Inc. issued common shares to the shareholders of Viridian vi·rid·i·an n. A durable bluish-green pigment. [From Latin viridis, green; see virid.] Inc. in exchange for all the outstanding shares of Viridian. The business combination has been accounted for using the pooling of interest Noun 1. pooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free method of accounting. The combined financial information reflects the assets, liabilities,and results of operations of the Corporation and Viridian at the historical amounts recorded by these companies. In connection with the amalgamation amalgamation /amal·ga·ma·tion/ (ah-mal´gah-ma´shun) trituration (3). amalgamation ( , substantially all of Viridian's outstanding high coupon debt was repurchased on Dec. 23, 1996. One time charges of $19.7 million ($11.8 million after tax) for severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when and lease termination associated with the amalgamation and $64.2 million ($39.5 million after tax) related to the debt repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. have been made against earnings in the fourth quarter of 1996. Discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. includes Viridian's former businesses of mining and smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. , oil and gas, advanced industrial materials and related research and development activities. Consolidated net earnings after one-time charges and discontinued operations for the 1996 year totalled $151.1 million ($1.09 per share), a 39 percent decrease from earnings of $246.3 million ($1.85 per share) in 1995. Cash provided from operations, before changes in non-cash working capital, was $236.9 million ($1.72 per share) for 1996, a 23 percent decrease compared with $307.8 million ($2.32 per share)in 1995. The consolidated net loss for the fourth quarter in 1996 was $11.1 million ($0.07 per common share), compared with net earnings of $60.2 million ($0.44 per common share) reported for 1995. Cash provided by operations, before changes in non-cash working capital,was $2.2 million ($0.02 per common share) for the fourth quarter of 1996, compared with $84.8 million ($0.64 per common share) in 1995. RESULTS OF OPERATIONS The Corporation's results of operations, in millions of U.S. dollars, were as follows:
Years ended December 31
-------------------------------------------------
1996 1995
-------------------------------------------------
Net Gross Net Gross
Sales Profit EBIT(x) Sales Profit EBIT(x)
------------------------------------------------
Wholesale $1,083.3 $501.4 $375.3 $979.6 $474.8 $377.4
Retail 780.8 215.2 31.3 753.8 203.4 34.2
Eliminations
and other (50.2) (12.0) (17.8) (63.3) 2.7 (2.0)
-------------------------------------------------
$1,813.9 $704.6 $388.8 $1,670.1 $680.9 $409.6
-------------------------------------------------
-------------------------------------------------
(x) Earnings before Interest, One-time charges, and Income taxes
WHOLESALE
Selected production and wholesale sales volumes in thousands of
tonnes:
Years ended December 31
------------------------------------------
1996 1995
-------------------- -------------------
Production Sales Production Sales
-------------------- --------------------
Ammonia 1,370 1,315 1,248 1,252
Urea 1,707 1,695 1,814 1,717
Ammonium Nitrate 383 394 373 376
Ammonium Sulphate 256 426 254 408
Potash 923 1,218 1,361 1,304
Phosphate (1) 1,090 1,089 721 842
----------------- -----------------
5,729 6,137 5,771 5,899
----------------- -----------------
----------------- -----------------
(1) Cargo weight
Sales and gross profit in millions of U.S. dollars provided by
product line:
Years ended December 31
---------------------------------------
1996 1995
------------------ ----------------
Net Gross Net Gross
Sales Profit Sales Profit
------------------ -----------------
Nitrogen $667.5 $366.3 $623.6 $353.1
Potash 78.3 32.2 83.7 46.4
Phosphate 273.6 86.9 214.6 56.7
Other Products 63.9 16.0 57.7 18.6
------------------- -----------------
$1,083.3 $501.4 $979.6 $474.8
-------------------- -----------------
-------------------- -----------------
1996 earnings for our wholesale operations were comparable with the prior year. Increased wholesale sales and gross profit are due to improved returns on nitrogen products and the inclusion of Conda Phosphate phosphate, salt or ester of phosphoric acid, H3PO4. Because phosphoric acid is tribasic (having three replaceable hydrogen atoms), it forms monophosphate, diphosphate, and triphosphate salts in which one, two, or three of the hydrogens of the Operations. This year, fourth quarter wholesale operations' earnings were in line with seasonal norms but were lower than last year. Major production related factors which contributed to the unfavourable variance The discrepancy between what a party to a lawsuit alleges will be proved in pleadings and what the party actually proves at trial. In Zoning law, an official permit to use property in a manner that departs from the way in which other property in the same locality include residual effects from the four-month potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. strike which ended in Sept., turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. costs related to the extended shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down at our Carseland nitrogen plant to complete work on the expansion, plus a delay in the start-up Start-up The earliest stage of a new business venture. of the Borger Borger (bôr`gər), city (1990 pop. 15,675), Hutchinson co., extreme N Tex., in the Panhandle; inc. 1930. After the discovery of oil in 1925, Borger grew as the industrial center of a vast natural-gas and oil field. facility. Wholesale product sales were reduced due to unfavourable Nov. weather conditions throughout all of our significant market areas in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . North America Wholesale gross profit for the 1996 year increased 6 percent from 1995, reflecting the acquisition of Nu-West, higher nitrogen margins and increased sales volumes, which partially offset the negative effects of the four month strike at the potash operation, a planned shutdown required to complete the expansion of the Carseland nitrogen operation and an extended turnaround at the Borger nitrogen operation. General and administrative expenses for 1996 totalled $24.9 million, an increase of $4.7 million (24 percent) from the prior year. Depreciation and amortization for the year was $58.2 million, an increase of $13.6 million (30 percent). This increase reflects the acquisition of Nu-West in October October: see month. of 1995 and an increase in depreciable depreciable Of, relating to, or being a long-term tangible asset that is subject to depreciation. assets due to capital additions to production facilities. Nitrogen products' gross profit of $366.3 represents a $13.2 million (4 percent) increase from 1995. The favourable variance was primarily due to increased net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $43.9 (7 percent) partially offset by $30.7 million of increase in cost of product sold. Higher ammonia ammonia, chemical compound, NH3, colorless gas that is about one half as dense as air at ordinary temperatures and pressures. It has a characteristic pungent, penetrating odor. sales volumes increased net sales and production costs by $11.5 million and $4.9 million, respectively, while higher prices, particularly for urea, increased net sales by $30.0 million which more than offset production cost increases of $15.1 million. Fourth quarter nitrogen gross profit totalled $81.8 million, a decrease of $24.9 million (23 percent) from the same period in 1995. The decrease, was primarily due to lower ammonia and urea sales and higher unit production costs, including an increase in the price of natural gas. Potash gross profit of $32.2 million represents a decrease of $14.2 million (31 percent) from 1995. A four month strike by unionized employees at the potash operations resulted in lower net sales of $5.4 million accompanied by an increase of $8.8 million in cost of products sold as the company was required to purchase potash on the open market to meet commitments. Potash production levels were lower by 438,000 tonnes (32 percent). Fourth quarter potash production was 378,000 tonnes, reflecting good operating rates Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. after start-up. Operating results have been excellent to-date in 1997. Phosphate gross profit for 1996 was $86.9 million, up $30.2 million (53 percent) from 1995. Higher net sales of $59.0 million were partially offset by a corresponding $28.8 million increase in cost of product sold. Nu-West, acquired in October 1995, accounted for $19.6 million of the gross profit increase over 1995, with the remaining $10.6 million increase due to higher prices. Retail North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Retail sales totalled $780.8 million and generated gross profit of $215.2 million during the 1996 year. This compares with sales of $753.8 million and gross profit of $203.4 million for 1995. Gross profit, as a percentage of sales, increased from 27.0 percent in 1995 to 27.6 percent in 1996, primarily reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of more favourable weather conditions in western U.S. market regions during the 1996 spring planting season compared with 1995, and improved margins in all of Agrium's product groups. Fourth quarter retail results were negatively impacted by an early end to the fall season due to heavy rain in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and the Pacific north-west Adv. 1. north-west - to, toward, or in the northwest nor'-west, northwest north-west n → noroeste m north-west north n → nord-ouest and due to cold weather in the Midwest Midwest or Middle West, region of the United States centered on the western Great Lakes and the upper-middle Mississippi valley. It is a somewhat imprecise term that has been applied to the northern section of the land between the Appalachians . Retail sales for the fourth quarter of 1996 were $129.5 million and generated gross profit of $40.9 million compared with sales of $146.0 million and gross profit of $43.3 million during the same quarter in 1995. North American Retail selling, general and administrative expense for 1996 was $160.6 million compared with $147.2 million for 1995. The $13.4 million (9 percent) increase was primarily attributable to the acquisition of twelve additional farm centres in late 1995 and early 1996, higher employee incentive payments, and higher sales volumes. Depreciation and amortization was $21.9 million compared with $19.2 million for 1995, reflecting increased depreciable assets. Financial and other information Working capital at December December: see month. 31, 1996, was $48.2 million, a decrease of $607.5 million from the prior year. Long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. was $184.3 million or 21 percent of combined long-term debt and shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. . Selling expenses increased by $21.3 million (12 percent) due to the increase in the number of retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in the U.S., retail incentive payments, the addition of retail farm centres in Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. , and increased wholesale activities. General and administrative expenses increased by $8.5 million (26 percent) due to the Viridian name change, general corporate matters, and the expansion of international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . Interest expense for 1996 increased by $4.7 million compared with 1995, mainly from increased debt levels during the year resulting from the purchase of Nu-West. Included in Other expenses is $5.5 million related to the potash strike. 1996 net capital expenditures, excluding business acquisitions, were $140.5 million compared with $97.6 million in 1995. Capital expenditures during 1996 include $36.8 million to sustain wholesale operations, $72.9 million to enhance fertilizer fertilizer, organic or inorganic material containing one or more of the nutrients—mainly nitrogen, phosphorus, and potassium, and other essential elements required for plant growth. production facilities and $30.8 million on retail assets. During the year, the Corporation repurchased or redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. all of the 290,344 outstanding preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of Nu-West for $47.1 million. Outlook and Other With world grain inventories remaining low and commodity prices above 10-year averages, the outlook for 1997 appears promising. The weather-shortened application season during the fall of 1996, especially in the western corn belt Corn Belt, major agricultural region of the U.S. Midwest where corn acreage once exceeded that of any other crop. It is now commonly called the Feed Grains and Livestock Belt. , western U.S. and western Canada
Western Canada, commonly referred to as the West , bodes well for the forthcoming spring season. Agrium's enhanced distribution capability in these market areas, a result of the recent Viridian merger, will be a major benefit. Management expects to begin realizing synergies in the first quarter from the merger in the areas of transportation and distribution. The process of merging the two companies continues at a rapid pace, with extensive efforts currently under way to identify and field the best team utilizing best business practices. The Corporation expects to be in the position to quantify Quantify - A performance analysis tool from Pure Software. these synergies by the end of the first quarter in 1997. Operating problems experienced in 1996 are not anticipated to be repeated in 1997. The incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. expansion programs at the Corporation's Borger and Carseland nitrogen production facilities have been completed and the incremental expansion at Potash Operations is on schedule. The Redwater redwater red urine; see hemoglobinuria, hematuria, myoglobinuria, phenothiazine, phenolphthalein, xanthorrhoea. redwater fever see babesiosis. nitrogen production facility completed its expansion and four-year turnaround in 1996 and will not require a shutdown in 1997. All facilities are operating well, and all labor contracts extend to 1998 and beyond. The Corporation also will benefit from lower debt servicing costs as a result of the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of debt assumed with the Viridian merger. On January January: see month. 31, 1997, the Corporation initiated a substantial issuer bid to repurchase up to 13.9 million of its common shares, representing approximately ten percent of the commons shares outstanding, in a modified dutch auction Dutch Auction An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price. Notes: The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities. . With the successful completion of this program, the reduced share base is anticipated to be accretive to per-share earnings in 1997. Subsequent Event On January 28, 1997, the Corporation obtained long-term financing Long-term financing Liabilities repayable in more than one year plus equity. in the form of $75 million 7.0 percent notes due 2004, $100 million 7.7 percent debentures due 2017, and $125 million 7.8 percent debentures due 2027. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the debt offerings will be used to repay outstanding debt under the Corporation's revolving term credit facility. The Corporation has offered to repurchase up to 13.9 million of its common shares pursuant to a modified dutch auction basis at prices not in excess of Cdn. $23.00 per share nor less than Cdn. $20.00 per share for an aggregate maximum purchase amount of $233.4 million. The expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the offer is February 25, 1997. Agrium Inc. is the largest North American producer of nitrogen fertilizer, and a major producer of potash and phosphate fertilizers. The Corporation is also a leader in the wholesale distribution and retail marketing of fertilizers, related products and services to the agricultural industry.
AGRIUM INC.
Consolidated Balance Sheets
As at December 31
(Thousands of U.S. dollars)
(Unaudited)
1996 1995
----------- ----------
ASSETS
Current Assets
Cash and short term investments $52,468 $346,527
Accounts receivable 259,143 366,846
Inventories 235,826 302,337
Prepaid expenses 47,279 30,650
-------- --------
594,716 1,046,360
Capital assets 821,405 862,503
Goodwill 62,225 64,447
Other assets 101,957 66,140
---------- ----------
$1,580,303 $2,039,450
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Bank indebtedness $298,353 $59,530
Accounts payable and accrued
liabilities 252,102 285,467
Dividends payable 3,667 4,006
Income and other taxes (recovery) (10,231) 37,275
Principal repayments on long
term debt 2,624 4,427
--------- ---------
546,515 390,705
Long term debt 184,339 587,967
Other liabilities 71,014 40,356
Deferred income taxes 67,089 97,538
Minority interest 10,261 58,452
--------- ----------
879,218 1,175,018
Shareholders' Equity
Share capital 613,567 600,134
Contributed surplus 50,733 50,733
Retained earnings 21,277 196,468
Cumulative translation adjustment 15,508 17,097
-------- ---------
701,085 864,432
---------- ----------
$1,580,303 $2,039,450
---------- ----------
---------- ----------
AGRIUM INC.
Consolidated Statements of Operations
(Thousands of U.S. dollars except per share information)
(Unaudited)
Three months ended Year ended
December 31 December 31
--------------------------------------------
1996 1995 1996 1995
--------------------------------------------
Net sales $383,864 $436,953 $1,813,897 $1,670,138
Cost of product 232,523 248,818 1,109,313 989,233
--------------------------------------------
Gross profit 151,341 188,135 704,584 680,905
--------------------------------------------
--------------------------------------------
Expenses
Selling 53,108 54,422 195,964 174,640
General and
administrative 11,989 4,850 40,653 32,189
Depreciation and
amortization 19,975 18,070 80,802 64,959
Research and
development (469) 1,449 2,509 2,987
Royalties, resource
and other taxes 3,509 3,621 11,497 14,292
Interest income and
other (5,546) (3,876) (15,638) (17,721)
--------------------------------------------
82,566 78,536 315,787 271,346
--------------------------------------------
Earnings from continuing
operations before
interest, one time
charges and income
taxes 68,775 109,599 388,797 409,559
Interest on long
term debt 11,719 14,094 53,162 49,795
Other interest 1,860 81 4,723 3,438
-------------------------------------------
Earnings from continuing
operations before one
time charges and income
taxes 55,196 95,424 330,912 356,326
Debt retirement
costs 64,155 0 64,155 0
Amalgamation costs 19,746 0 19,746 0
-------------------------------------------
Earnings (loss) from
continuing operations
before income
taxes (28,705) 95,424 247,011 356,326
Income taxes (17,654) 37,118 86,800 137,736
-------------------------------------------
Earnings (loss)
from continuing
operations (11,051) 58,306 160,211 218,590
-------------------------------------------
Discontinued operations,
net of income taxes 0 1,921 (9,158) 27,742
-------------------------------------------
Net earnings (loss)
for the period ($11,051) $60,227 $151,053 $246,332
--------------------------------------------
--------------------------------------------
Basic earnings per
common share
Continuing
Operations ($0.07) $0.43 $1.16 $1.64
Total ($0.07) $0.44 $1.09 $1.85
Average outstanding
shares
(in thousands) 139,286 132,583 137,711 132,887
Fully diluted earnings
per common share
Continuing
Operations ($0.07) $0.41 $1.13 $1.53
Total ($0.07) $0.42 $1.07 $1.72
Average outstanding
shares
(in thousands) 143,535 143,023 143,042 143,010
AGRIUM INC.
CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION
(Thousands of U.S. dollars)
(Unaudited)
Three months Year
Ended Ended
December 31 December 31
--------------------------------------
1996 1995 1996 1995
--------------------------------------
OPERATING:
Earnings (loss) from
continuing operations ($11,051) $58,306 $160,211 $218,590
Add (deduct) items not
involving cash
Depreciation and
amortization 19,975 18,070 80,802 64,959
Deferred income taxes
and other (6,727) 8,396 (4,109) 24,278
--------------------------------------
Cash provided by continuing
operating activities,
before changes in non-cash
working capital 2,197 84,772 236,904 307,827
Net change in non-cash
working capital 274,570 61,060 206,341 23,916
--------------------------------------
Cash provided by
continuing operations 276,767 145,832 443,245 331,743
Cash provided by (used for)
discontinued operations 70 (7,896) 18,099 (18,741)
--------------------------------------
Cash provided by
operating activities 276,837 137,936 461,344 313,002
INVESTING:
Acquisition of subsidiaries,
net of cash acquired (16,881) (98,683) (47,043) (130,809)
Business combination (19,746) 0 (19,746) 0
Capital assets and other (2,575) (34,764) (149,125) (92,830)
Discontinued operations (13,412) 209,745 174,792 172,105
--------------------------------------
Cash provided by (used in)
investing activities (52,614) 76,298 (41,122) (51,534)
--------------------------------------
FINANCING:
Issue of common shares 7,530 11,004 3,378 4,201
Issue of preferred shares 0 0 0 31,500
Increase (decrease) in
long term debt (394,436) 80,735 (405,431) 57,558
Dividends in kind (972) 0 (250,928) 0
Dividends paid on
common shares (179) 0 (60,617) (7,185)
Dividends paid on
preferred shares 0 (437) (683) (1,272)
Discontinued operations 0 (155,374) 0 (155,374)
--------------------------------------
Cash used in financing
activities (388,057) (64,072) (714,281) (70,572)
--------------------------------------
INCREASE (DECREASE) IN
CASH POSITION (163,834) 150,162 (294,059) 190,896
Cash position beginning
of period 216,302 196,365 346,527 155,631
--------------------------------------
CASH POSITION END OF
PERIOD $52,468 $346,527 $52,468 $346,527
--------------------------------------
--------------------------------------
CONTACT: Agrium Inc. Dick Nichols Richard Nichols (born April 29, 1926) is a U.S. Representative from Kansas. Born in Fort Scott, Kansas, Nichols attended public schools. He earned his B.S. from Kansas State University in 1951. He was ensign in the United States Navy from 1944 to 1947. , 403/ 258-5746 investor-rel@agrium.com 1-800-399-3821 (Automatic Faxback) or Agrium Inc. Gordon A. Milne, 403/ 258-4615 |
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