The Mosaic Company (MOS) is set to release fourth-quarter 2023 results on Feb 21, after the closing bell.The fertilizer maker delivered a negative earnings surprise of around 11.3%, on average, over the trailing four quarters. It delivered a negative earnings surprise of 15% in the last reported quarter. The company’s fourth-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 l ...

In its upcoming report, Mosaic (MOS) is predicted by Wall Street analysts to post quarterly earnings of $0.82 per share, reflecting a decline of 52.9% compared to the same period last year. Revenues are forecasted to be $3.01 billion, representing a year-over-year decrease of 32.8%.The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ...

Mosaic (MOS) closed at $29.55 in the latest trading session, marking a +0.14% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.96%. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 1.3%.Coming into today, shares of the fertilizer maker had lost 8.84% in the past month. In that same time, the Basic Materials sector lost 4.97%, while the S&P 500 gained 3.69%.The upcoming earnings release of Mosaic will be of great in ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Mosaic (MOS) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact 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 February 21. On th ...

The most recent trading session ended with Mosaic (MOS) standing at $30.35, reflecting a +1.4% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.23%. At the same time, the Dow added 0.37%, and the tech-heavy Nasdaq gained 0.07%.The fertilizer maker's shares have seen a decrease of 15.43% over the last month, not keeping up with the Basic Materials sector's loss of 6.52% and the S&P 500's gain of 5.3%.Analysts and investors alike will be ke ...

The most recent trading session ended with Mosaic (MOS) standing at $31.96, reflecting a -0.78% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq appreciated by 0.36%.Prior to today's trading, shares of the fertilizer maker had lost 11.54% over the past month. This has lagged the Basic Materials sector's loss of 6.84% and the S&P 500's gain of 2.4% in that ...

Financial Data and Key Metrics Changes - The company expects total capital expenditures (CapEx) to decrease by up to $200 million in 2024 compared to 2023, which is projected to be a high watermark for capital spending [10][22] - Year-to-date, the company has returned nearly $900 million to shareholders through buybacks and dividends, including $150 million of repurchases in the third quarter [22] Business Line Data and Key Metrics Changes - In potash, the company expects fourth quarter sales volumes of 2.4 million to 2.6 million tonnes, with netback prices at the mine ranging from $235 to $260 per tonne [19] - In phosphates, fourth quarter sales volumes are expected to be in the range of 1.6 million to 1.8 million tonnes, with prices at the plant gate between $530 and $580 per tonne [20] - The Fertilizantes segment in Brazil reported strong third quarter results, with over 90% of fourth quarter sales volume already committed and priced, expecting margins to increase to $40 to $50 per tonne [21] Market Data and Key Metrics Changes - Global stock-to-use ratios for grain and oilseeds remain near historic lows, indicating that crop supply is struggling to keep up with demand [12] - In Brazil, total fertilizer shipments are expected to reach 43 million to 44 million tonnes for the full year, marking the second highest total in history [17] - In India, phosphate inventory levels are near the low end of the recent five-year range, suggesting strong demand and potential for higher shipments [18] Company Strategy and Development Direction - The company is focusing on expanding its portfolio of value-added specialty fertilizers and optimizing its potash production facilities [8] - Investments are being made in non-commodity value-added agricultural products, including purified phosphoric acid for lithium iron phosphate battery production [9] - The company aims to continue returning excess cash to shareholders while maintaining a strong balance sheet [10][22] Management's Comments on Operating Environment and Future Outlook - The management highlighted that food security is a major concern globally, with crop production constrained by weather conditions and geopolitical issues [12] - Despite reduced production levels, global demand remains strong, particularly from China and India, which are importing record levels of agricultural products [13] - The company anticipates elevated crop prices to persist through 2024, driving demand for fertilizers [14] Other Important Information - The company is undergoing a leadership transition, with Bruce Bodine set to become the new CEO starting January 1, 2024 [6][7] - The management emphasized the importance of proper fertilization to maximize crop yields, noting a clear relationship between nutrient application and yield performance [60] Q&A Session Summary Question: Recent rulings regarding countervailing duty petitions - The Department of Commerce raised duties on Russian products but lowered duties on Moroccan supply, affecting trade flows but not overall supply and demand dynamics [25][26] Question: Differentiation of Mosaic's business in Brazil - Mosaic effectively managed destocking in the first half of 2023, leading to stabilized prices and expected margins of $40 to $50 per tonne in the fourth quarter [28][29] Question: Outlook for the potash market - Demand for potash is expected to rebound, with a forecasted recovery of 5 million tonnes in 2024, driven by strong application rates in North America and Brazil [32][33] Question: Potash production levels for next year - The company expects to maintain similar production levels next year, with potential for slight increases depending on market demand [43][44] Question: Impact of Janssen's second phase on the potash industry - The ramp-up of Janssen's production is not expected to significantly impact the market until 2030, allowing for gradual absorption of additional supply [68] Question: Phosphate shipment forecast - The company anticipates an increase of 2 million to 3 million tonnes in phosphate shipments next year, with a tight market outlook [72]

Financial Performance - Q3 2023 - Consolidated net revenues were $3.548 billion[5] - The company reported a net loss of $4 million[5] - Adjusted EBITDA was $594 million[5] - Mosaic Fertilizantes reported net revenues of $1.731 billion[5] Segment Performance - Phosphate segment net revenues were $986 million with an adjusted EBITDA of $201 million[5] - Potash segment net revenues were $720 million with an adjusted EBITDA of $267 million[5] - Mosaic Fertilizantes segment net revenues were $1.731 billion with an adjusted EBITDA of $147 million[5] Outlook and Strategy - The company expects capital expenditures of $1.3 to $1.4 billion in 2023, including approximately $500 million in growth investments[35] - The company is targeting $150 million in cost savings through optimization initiatives[40] - The company expects to refinance $900 million of long-term debt that matures this year[35]

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 September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

The Mosaic Company (NYSE:MOS) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Paul Massoud - Vice President of Investor Relations and FP&A James O'Rourke - President and Chief Executive Officer Clint Freeland - Senior Vice President and Chief Financial Officer Jenny Wang - Senior Vice President-Global Strategic Marketing Conference Call Participants Stephen Byrne - Bank of America Joel Jackson - BMO Capital Markets Richard Garchitorena - Wells Fargo Christopher Parkinson - M ...