Nutrien Ltd.: Initiation Of Coverage – A Deep Dive Into Its Growth Strategy!

This is our first report on crop inputs and related services provider, Nutrien Ltd. The company had a robust performance in its 2023 fiscal year, which was marked by several notable developments and strategic actions aimed at enhancing its overall financial health and positioning the company for future growth. The business delivered an adjusted EBITDA of $6.1 billion during this period. This has been largely supported by the generation of $5.1 billion in cash from operations, courtesy of the countercyclical release of working capital in the retail segment.