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Mosaic(MOS) - 2024 Q1 - Quarterly Results
2024-05-01 20:08
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 ...
Mosaic (MOS) to Report Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-04-29 14:50
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 ...
Analysts Estimate Mosaic (MOS) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-24 15:08
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 ...
Mosaic (MOS) January and February Phosphates & Potash Volume Up
Zacks Investment Research· 2024-04-01 17:46
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) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-03-14 23:21
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 ...
Mosaic (MOS) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-03-08 00:21
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 ...
The Mosaic Company (MOS) Presents at BofA Securities 2024 Global Agriculture & Materials Conference (Transcript)
2024-02-29 17:40
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.
This Stock Has A 2.69% Yield And Sells For Less Than Book
Forbes· 2024-02-28 14:02
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 ...
Mosaic(MOS) - 2023 Q4 - Earnings Call Transcript
2024-02-22 20:22
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 ...
Mosaic(MOS) - 2023 Q4 - Earnings Call Presentation
2024-02-22 16:54
The Mosaic Company 2023 Results ...