Intrepid Potash Inc

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

IPI$33.40+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months EndedJune 30,		Six Months EndedJune 30,
	2024	2023	2024	2023
Sales	$62,055	$81,035	$141,342	$167,955
Less:
Freight costs	9,423	10,516	22,253	22,106
Warehousing and handling costs	2,586	2,801	5,675	5,534
Cost of goods sold	41,070	52,336	97,501	108,581
Lower of cost or net realizable value inventory adjustments	1,352	—	1,855	—
Gross Margin	7,624	15,382	14,058	31,734
Selling and administrative	7,937	7,948	16,294	16,806
Accretion of asset retirement obligation	622	535	1,244	1,070
Impairment of long-lived assets	831	—	2,208	—
Loss (gain) on sale of assets	241	(7)	492	193
Other operating income	(1,266)	(439)	(2,659)	(730)
Other operating expense	887	77	2,413	1,753
Operating (Loss) Income	(1,628)	7,268	(5,934)	12,642
Other Income
Equity in (loss) earnings of unconsolidated entities	(116)	(1,059)	33	(238)
Interest income	547	76	791	161
Other income	60	43	68	56
(Loss) Income Before Income Taxes	(1,137)	6,328	(5,042)	12,621
Income Tax Benefit (Expense)	304	(2,023)	1,079	(3,810)
Net (Loss) Income	$(833)	$4,305	$(3,963)	$8,811
Weighted Average Shares Outstanding:
Basic	12,886	12,766	12,852	12,730
Diluted	12,886	12,855	12,852	12,865
(Loss) Earnings Per Share:
Basic	$(0.06)	$0.34	$(0.31)	$0.69
Diluted	$(0.06)	$0.33	$(0.31)	$0.68

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.