The Mosaic Company (NYSE:MOS) Q1 2024 Earnings Conference Call May 2, 2024 11:00 AM ET Company Participants Jason Tremblay - VP, Finance, Strategy & Digital Transformation Bruce Bodine - President and CEO Clint Freeland - EVP and CFO Jenny Wang - EVP, Commercial Conference Call Participants Steve Byrne - Bank of America Vincent Andrews - Morgan Stanley Viktor Sayek - Scotiabank Joel Jackson - BMO Chris Parkinson - Wolfe Research Richard Garchitorena - Wells Fargo Adam Samuelson - Goldman Sachs Ben Theurer - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Comm ...

The Mosaic Company (MOS) reported a net income of $45.2 million or 14 cents per share in first-quarter 2024, down from a profit of $434.8 million or $1.28 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 65 cents, beating the Zacks Consensus Estimate of 60 cents.Net sales declined nearly 26% year over year to $2,679.4 million in the quarter. The metric lagged the Zacks Consensus Estimate of $2,825.7 million. Segment HighlightsNet sales in the Potash segment were $64 ...

For the quarter ended March 2024, Mosaic (MOS) reported revenue of $2.68 billion, down 25.7% over the same period last year. EPS came in at $0.65, compared to $1.14 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.83 billion, representing a surprise of -5.18%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.60.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

Mosaic (MOS) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this fertilizer maker would post earnings of $0.82 per share when it actually produced earnings of $0.71, delivering a surprise of -13.41%.Over the last four quarters, the company h ...

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 | | --- | | Consolidated data (in millions, except per share) | | Adjusted diluted net earnings per share $ 3.64 $ 3.22 $ 1.74 $ 1.14 $ 1.04 $ 0.68 $ 0.71 $ 0.65 | | Diluted weighted average # of shares outstanding 363.1 347.7 343.8 338.7 333.7 332.0 327.7 323.5 | | Total Net Sales $ 5,373 $ 5,348 $ 4,481 $ 3,604 $ 3,395 $ 3,548 $ 3,149 $ 2,679 | | Cos ...

The Mosaic Company (MOS) is set to release first-quarter 2024 results on May 1, after the closing bell.The fertilizer maker delivered a negative earnings surprise of around 10.5%, on average, over the trailing four quarters. It delivered a negative earnings surprise of 13.4% in the last reported quarter. The company’s first-quarter results are likely to reflect favorable demand for phosphate and potash. However, weaker fertilizer prices are expected to have affected its performance.Shares of Mosaic have los ...

The market expects Mosaic (MOS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 1 ...

The Mosaic Company (MOS) recently disclosed its combined sales volumes and revenues by business unit for January and February 2024. During this period, potash sales volume reached 1,417,000 tons, up from 1,100,000 tons reported in the previous year. However, revenues in the same period dropped to $418 million from $542 million in the previous year.Looking ahead to the first quarter, the company anticipates potash sales volumes and MOP prices to remain consistent with earlier guidance, ranging between 2-2.2 ...

Mosaic (MOS) closed at $31.63 in the latest trading session, marking a -1% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.3%.Prior to today's trading, shares of the fertilizer maker had gained 8.12% over the past month. This has lagged the Basic Materials sector's gain of 9.01% and outpaced the S&P 500's gain of 4.42% in that time.Investors will be eagerly watching for th ...