Agrium reports solid third quarter, expects record year

CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today net earnings for the third quarter of 2007 were $51-million ($0.38 diluted earnings per share) versus net earnings of $1-million ($0.01 diluted earnings per share) for the same period in 2006. Unrealized gas hedging losses of $20-million ($0.10 diluted earnings per share) are included in the third quarter’s net earnings. Without these unrealized losses, diluted earnings per share would have been $0.48.