Company Overview of ADAMA Agricultural Solutions Ltd.
Adama Agricultural Solutions Ltd., together with its subsidiaries, develops, manufactures, and markets crop protection products. Its crop protection products comprise herbicides, insecticides, fungicides, and seed dressing products. The company also develops and markets agrochemical products for seeds treatment; and develops and sells environmental solutions, including products for non-crop markets, such as turf and ornamental, pest control, home and garden, material preservation, and public health, as well as for weed control in right of ways, railroad, utilities, and forestry applications. In addition, it provides Ectoparasitics for use in animal health applications; and various non-agroch...
Airport City, 70151
Founded in 1945
Key Executives for ADAMA Agricultural Solutions Ltd.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Executive Vice President of Global Operations
Chief Executive Officer of Europe Operations
Chief Commercial Officer and Executive Vice President
Compensation as of Fiscal Year 2014.
ADAMA Agricultural Solutions Ltd. Key Developments
Hubei Sanonda and ADAMA Agricultural Solutions Sign Framework Agreement
Oct 8 14
Hubei Sanonda had gained approval from the board to sign a framework agreement with ADAMA Agricultural Solutions. Signing of the agreement will help Sanonda further tap the international market, reduce product cost, and raise competitiveness.
ADAMA Agricultural Solutions Ltd. Reports Financial Results for the Second Quarter and First Six Months Ended June 30, 2014
Aug 11 14
ADAMA Agricultural Solutions Ltd. reported financial results for the second quarter and first six months ended June 30, 2014. For the quarter, the company reported revenues of $875.9 million against $803.3 million a year ago. Operating profit for the second quarter rose by 6.7% to $99.5 million (11.4% of sales) from $93.3 million (11.6% of sales) in second quarter 2013. For the second quarter, net income rose by 23.5% to $59.4 million (6.8% of sales) from $48.1 million (6.0% of sales) in second quarter 2013. EBITDA for the second quarter was increased by 6.5% to $141.2 million (16.1% of sales) from $132.6 million (16.5% of sales) in second quarter 2013. During the second quarter, the company generated $161.7 million in cash flow from operating activities compared with $223.7 million in second quarter 2013.
For the six months, the company reported revenues of $1,785.7 million against $1,688.6 million a year ago. For the first half of 2014, operating profit increased by 2.6% to $230.2 million (12.9% of sales) from $224.4 million (13.3% of sales) in the first half of 2013. For the first half of 2014, net income increased by 14.4% to $158.3 million (8.9% of sales) from $138.4 million (8.2% of sales) in the first half of 2013. For the half-year, EBITDA was increased by 3.9% to $312.7 million (17.5% of sales) from $301.0 million (17.8% of sales) in the first half of 2013. For the first half of 2014, the company generated negative cash flow from operating activities of $58.8 million compared with $67.0 positive cash flow in the first half of 2013. The lower cash flow generation in both the second quarter and the first half of the year reflects increased working capital requirements as a result of higher sales in regions characterized by relatively long credit terms, together with changes in the timing of sales during the reporting period.
ADAMA Agricultural Solutions Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2014
May 14 14
ADAMA Agricultural Solutions Ltd. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of $909.7 million against $885.4 million for the corresponding quarter of 2013, the growth reflected higher quantities sold and selling prices, and an improved product mix. Operating profit was $130.7 million against $131.1 million a year ago. Net income was $98.7 million against $90.2 million a year ago. EBITDA was $171.5 million $168.5 million a year ago. Operating cash flow amounted to a negative cash flow of $220.5 million compared to $156.7 million last year. The change in cash flow from operations for the quarter was mainly due to an increase in the company's activities.
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