Agrium reports record fourth quarter and annual results

Release Date: 2/13/2008

ALL AMOUNTS ARE STATED IN U.S.$

CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today record net earnings for the fourth quarter of 2007 of $172-million ($1.24 diluted earnings per share), versus a net loss of $62-million ($0.47 diluted loss per share) in the fourth quarter of 2006.  On an annual basis, 2007 was also a record year for Agrium, with net earnings of $441-million ($3.25 diluted earnings per share), significantly higher than last year and surpassing the previous record achieved in 2005 of $283-million ($2.12 diluted earnings per share).

To view the full financial results click here.

To view Mike Wilson's interview regarding our Q4 results with CNBC's Erin Burnett, click here.