The most recent trading session ended with Mosaic (MOS) standing at $31.93, reflecting a +1.53% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 1.03%. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.Prior to today's trading, shares of the fertilizer maker had gained 3.56% over the past month. This has lagged the Basic Materials sector's gain of 3.78% and outpaced the S&P 500's gain of 3.21% in that time.The investment community will be ...

Summary of The Mosaic Company Conference Call Company Overview - **Company**: The Mosaic Company (NYSE:MOS) - **Industry**: Agriculture and Materials, specifically focusing on phosphate and potash production Key Points and Arguments Leadership Transition - Bruce Bodine has recently taken over as CEO, bringing 30 years of industry experience, with over 25 years at Mosaic [4][5][6] - The previous CEO, Joc, set a strong foundation for the company, particularly through the Vale acquisition in 2018, which enhanced geographic diversity [7][8] Strategic Focus - The new leadership aims to optimize the portfolio, improve cost structures, and enhance shareholder returns [9][10] - A primary goal is to restore phosphate production to historical levels of 8 million tonnes, which has been affected post-COVID [9][18] Phosphate Market Dynamics - The phosphate market is currently strong due to tight global grain and oilseed stock-to-use ratios, supporting robust farm economics [14] - Global phosphate demand recovered over 6% last year, with expectations for continued growth [14][15] - Supply disruptions, particularly from China, have restricted phosphate exports, maintaining a tight supply situation [15][16] Product Portfolio and Innovations - Mosaic is focusing on decommoditizing its product portfolio, with an emphasis on premium performance products like MicroEssentials, which is expected to enhance margins [10][19] - The company is also investing in biologics, with ongoing R&D partnerships and product launches aimed at improving crop yields [20][27] Potash Market Insights - The potash market is relatively balanced, with a demand recovery of over 13% last year across major markets [32] - Despite strong demand recovery, potash prices have not surged due to increased supply from Russia and Belarus [34][36] - Mosaic is strategically managing its potash operations to remain flexible and responsive to market conditions [37][38] Distribution and Market Expansion - The acquisition of Fertilizantes has strengthened Mosaic's distribution capabilities in Brazil, with plans for further expansion [40][42] - The company is investing in additional distribution capacity, anticipating significant growth in the Brazilian market [42][43] Financial Strategy - Mosaic maintains a strong capital allocation strategy focused on business investment, balance sheet optimization, and returning free cash flow to shareholders [45] - The company has successfully refinanced $900 million in debt and returned $1.1 billion to shareholders through buybacks and dividends [45] Additional Important Insights - The company is addressing inflationary pressures and production issues through a $150 million cost reduction initiative [42] - The introduction of new products, such as MicroEssentials Pro, aims to enhance market differentiation and protect against competition [26][27] - The focus on biologics and performance products is expected to contribute significantly to future earnings growth [20][29] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting the company's focus on optimizing operations, expanding market presence, and enhancing shareholder value.

Mosaic has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, MOS shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Mosaic, and favorable long-term multi-year growth rates in key fundamental data points. The Top 25 DividendRank'ed Stocks »The report stated, ''Dividend investors approaching investing from a ...

The Mosaic Company (NYSE:MOS) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Jason Tremblay - Vice President, Finance, Strategy & Digital Transformation Bruce Bodine - President & Chief Executive Officer Clint Freeland - Executive Vice President & Chief Financial Officer Jenny Wang - Executive Vice President, Commercial Conference Call Participants Steve Byrne - Bank of America Richard Garchitorena - Wells Fargo Joel Jackson - BMO Capital Markets Vincent Andrews - Mor ...

The Mosaic Company 2023 Results ...

The Mosaic Company (MOS) reported a net income of $365.3 million or $1.11 per share in fourth-quarter 2023, down from a profit of $523.2 million or $1.52 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 71 cents, missing the Zacks Consensus Estimate of 82 cents.Net sales declined nearly 29.7% year over year to $3,149.5 million in the quarter. The metric, however, surpassed the Zacks Consensus Estimate of $3,009.8 million. Lower selling prices primarily caused the do ...

Mosaic (MOS) reported $3.15 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 29.7%. EPS of $0.71 for the same period compares to $1.74 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.01 billion, representing a surprise of +4.64%. The company delivered an EPS surprise of -13.41%, with the consensus EPS estimate being $0.82.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Mosaic (MOS) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.41%. A quarter ago, it was expected that this fertilizer maker would post earnings of $0.80 per share when it actually produced earnings of $0.68, delivering a surprise of -15%.Over the last four quarters, the company ha ...

Production Capacity and Operations - The Phosphates segment produced approximately 6.2 million tonnes of concentrated phosphate crop nutrients in 2023, accounting for about 80% of estimated North American annual production[28]. - The U.S. phosphate operations have a production capacity of approximately 4.5 million tonnes of phosphoric acid per year, representing about 7% of global capacity and 60% of North American capacity[26]. - The Florida phosphate rock mines produced approximately 10.0 million tonnes in 2023, which is about 47% of estimated North American annual production[29]. - The company has a 75% economic interest in the Miski Mayo Phosphate Mine in Peru, which has an annual production capacity of 4.8 million tonnes[31]. - The company produced approximately 3.0 million tonnes of phosphoric acid in 2023, with operational capacity being affected by various factors including demand and maintenance[28]. - The company has a 25% interest in the Ma'aden Wa'ad Al Shamal Phosphate Company, which produced 3.1 million tonnes of phosphate in 2023[33]. - The potash segment has an annual operational capacity of 11.5 million tonnes, accounting for approximately 14% of world annual capacity and 35% of estimated North American annual production[49]. - In 2023, production totaled 8.3 million tonnes, representing about 13% of estimated world annual production[49]. - The Esterhazy mine, the largest potash mine globally, is expected to complete full ramp-up of capacity and production during 2024 or early 2025[45]. - Mosaic Fertilizantes produced approximately 2.6 million tonnes of concentrated phosphate crop nutrients in 2023, which accounted for approximately 48% of estimated Brazilian annual production[62]. - The Brazilian phosphoric acid production totaled approximately 1.0 million tonnes in 2023, accounting for approximately 84% of Brazilian annual output[58]. Raw Material Consumption - The company consumed approximately 1.0 million tonnes of ammonia during 2023, with one tonne of DAP requiring approximately 0.23 tonnes of ammonia[36]. - The company purchased approximately 3.3 million long tons of sulfur in 2023, which is a key raw material for producing sulfuric acid[34]. - Natural gas usage for potash production totaled 16.6 million MM BTU during 2023[53]. Land and Resource Management - The company plans to explore and develop the DeSoto and South Pasture properties to offset future depletion at its Florida properties[31]. - The company owns over 368,000 acres of land in Florida, which provides access to phosphate rock reserves and supports its long-term land use strategy[43]. - The company owns approximately 1% of the Tiplam terminal in Santos, São Paulo, ensuring unloading priority for ammonia and capacity for rock, sulfur, and crop nutrients[69]. Sales and Market Presence - Mosaic Fertilizantes sold approximately 9.7 million tonnes of crop nutrient products in 2023, accounting for about 20% of fertilizer shipments in Brazil[57]. - The company distributed approximately 1,073,000 tonnes of phosphate and potash crop nutrients in China and 536,000 tonnes in India in 2023[75]. - The company has an entitlement percentage of 36.2% in Canpotex for potash exports, which is a significant part of its international sales strategy[82]. Financial and Community Investments - The company paid approximately $15.5 million in royalties and resource taxes in 2023 for phosphate and potash production in Brazil[65]. - In 2023, the company paid royalties of approximately $9.8 million related to the leasing of potash assets and mining rights for Taquari[72]. - The company invested $16.7 million in community initiatives in 2023, focusing on food, water, and local community[109]. - In 2023, 29% of the company's global giving targeted underserved or underrepresented populations[109]. Workforce and Labor Relations - The company employs 14,049 individuals as of December 31, 2023, including 10,352 salaried and 3,697 hourly employees[101]. - As of December 31, 2023, the company had 14,049 employees, with 11,644 males and 2,405 females[105]. - The company has eight collective bargaining agreements in the U.S. and Canada, with approximately 33% expiring in 2024[102]. - The company has not experienced significant work stoppages in many years, indicating strong labor relations[103]. - The company maintains specific talent programs for critical roles to minimize turnover and ensure operational continuity[109]. Safety, Diversity, and Inclusion - The company aims for zero harm to people and zero environmental incidents through its safety management system[106]. - The company is committed to diversity and inclusion, with ongoing initiatives to enhance workforce representation and accountability[109]. - The company has established internal analytical capabilities to evaluate pay equity and plans to address identified disparities in the 2024 compensation cycle[109]. - The company offers educational reimbursement programs to support employee skill development and career opportunities[109]. Competitive Landscape - The company operates in a highly competitive market, with significant competition from domestic and international producers, impacting pricing and market share[88]. - The company has a vertically integrated business model, providing a competitive advantage through economies of scale and strategic distribution networks[96]. - The company’s potash cost structure is competitive and expected to improve with ongoing expansion projects[95]. Innovation and Development - The company announced the formation of the Mosaic Biosciences platform in 2023, focusing on biological fertilizer innovations to enhance nutrient use efficiency[87].

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | Q1 2022 Q2 2022 | | Q3 2022 | | Q4 2022 | Q1 2023 | | Q2 2023 | | Q3 2023 | | | Q4 2023 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Consolidated data (in millions, except per share) | | | | | | | | | | | | | | Diluted net earnings (loss) per share $ 3.19 $ 2.85 $ 2.42 $ 1.52 $ $ $ $ (a) | | | | | 1.28 | | 1.11 | | | (0.01) | | 1.11 | | Notable items impact on earnings per sha ...