Incitec Pivot Limited revised earnings guidance for the fiscal year 2019. The company fiscal year 2019 guidance, as issued in May 2019, was $370 million to $415 million Earnings Before Interest and Tax (EBIT), based on disclosed forward commodity price and foreign exchange assumptions at that time. EBIT sensitivities to those factors were also provided. Following a reassessment of earnings estimates at the end of August, it is currently estimated that the actual fiscal year 2019 EBIT will be below this range, mainly due to lower than forecast ammonia production at Waggaman and lower Fertilisers earnings mainly as a result of continued drought impacts in New South Wales and Queensland and increased gas costs at Gibson Island. As a result of the foregoing, the revised EBIT range for fiscal year 2019 is estimated to be approximately $285 million to $295 million. This range excludes approximately $20 million of one-off items (potential insurance proceeds in respect of the rail outage at Phosphate Hill and a sale of surplus land in the U.S.), which, if they materialise, could fall into either the fiscal year 2019 or fiscal year 2020 year.