Excerpt from the Call transcript:
CFO:-
Ongoing earnings for the quarter is $1.66 per share, which is slightly above our expectations in our guidance uptake and slightly ahead of Q3 in 2012. This quarter reflects some of the expected affects from the Brazilian soybean business, lower overall planted cotton acres and the more visible effect of the higher drought related corn production costs. Those effects were partially offset as we saw continued strength in Ag productivity and the practical benefit as we had the full positive effect of a discrete tax item flow through into this particular quarter.
On the cash side, through the quarter we've generated 399 million in free cash flow compared with free cash flow of 311 million through the first nine months of 2012. That increased tracks with the improvement we've seen in the overall business balanced against some of the growth in working capital and our conscious deployment of capital investment to support the business growth we talked about going into the year.
More at http://www.earningsimpact.com/Transcript/81774/MON/Q3-2013-Earnings-Call
CFO:-
Ongoing earnings for the quarter is $1.66 per share, which is slightly above our expectations in our guidance uptake and slightly ahead of Q3 in 2012. This quarter reflects some of the expected affects from the Brazilian soybean business, lower overall planted cotton acres and the more visible effect of the higher drought related corn production costs. Those effects were partially offset as we saw continued strength in Ag productivity and the practical benefit as we had the full positive effect of a discrete tax item flow through into this particular quarter.
On the cash side, through the quarter we've generated 399 million in free cash flow compared with free cash flow of 311 million through the first nine months of 2012. That increased tracks with the improvement we've seen in the overall business balanced against some of the growth in working capital and our conscious deployment of capital investment to support the business growth we talked about going into the year.
More at http://www.earningsimpact.com/Transcript/81774/MON/Q3-2013-Earnings-Call
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