Core Viewpoint - The Mosaic Company reported a significant increase in profit for Q1 2025, despite a slight decline in net sales, primarily due to lower selling prices in the Potash segment [1][2]. Financial Performance - The company reported a profit of $238.1 million or 75 cents per share, up from $45.2 million or 14 cents per share in the same quarter last year [1]. - Adjusted earnings per share were 49 cents, exceeding the Zacks Consensus Estimate of 39 cents [1]. - Net sales decreased approximately 2% year over year to $2,620.9 million, missing the Zacks Consensus Estimate of $2,665.9 million [1]. Segment Highlights - **Potash Segment**: - Net sales were $570 million, down around 11% year over year, but exceeded the estimate of $453.7 million [2]. - Sales volumes totaled 2.1 million tons, down from 2.2 million tons a year ago, missing the estimate of 2.2 million tons [2]. - Gross margin declined to $80 per ton from $98 per ton in the prior year [2]. - **Phosphate Segment**: - Net sales were $1,099 million, down around 6% from the prior year, but topped the estimate of $1,027.3 million [3]. - Sales volumes totaled 1.5 million tons, down from 1.6 million tons a year ago, lagging the estimate of 1.7 million tons [3]. - Gross margin increased to $111 per ton from $97 per ton in the prior year [3]. - **Mosaic Fertilizantes Segment**: - Net sales were approximately $934 million, up about 5% year over year, but missed the estimate of $1,091.9 million [4]. - Sales volume rose to 1.8 million tons from 1.7 million tons in the prior year [4]. - Gross margin increased to $69 per ton from $44 per ton in the prior year [4]. Financial Position - At the end of the quarter, the company had cash and cash equivalents of $259.2 million, down 5% from the prior quarter [5]. - Long-term debt remained flat at $3,329.9 million [5]. Outlook - The company expects Potash segment sales volumes to be between 2.3 million tons and 2.5 million tons in Q2 [6]. - For the Phosphate division, sales volumes are projected to be 1.7-1.9 million tons, indicating strong global demand [6]. - Sales volumes for the Mosaic Fertilizantes unit are expected to be around 30% higher than Q1 [6]. - Capital expenditures are anticipated to be in the range of $1.2-$1.3 billion for 2025 [7]. Price Performance - Shares of Mosaic have gained 3% over the past year, compared to a 7.4% rise in the Zacks Fertilizers industry [8].

Core Insights - Mosaic reported $2.62 billion in revenue for the quarter ended March 2025, a year-over-year decline of 2.2% and an EPS of $0.49 compared to $0.65 a year ago, with a revenue surprise of -1.69% against the Zacks Consensus Estimate of $2.67 billion and an EPS surprise of +25.64% over the consensus estimate of $0.39 [1] Financial Performance - The stock has returned +29.8% over the past month, outperforming the Zacks S&P 500 composite's +11.5% change, and currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3] - Net Sales for Phosphates were reported at $1.10 billion, below the $1.15 billion average estimate, representing a -6% year-over-year change [4] - Net Sales for Mosaic Fertilizantes were $934 million, compared to the five-analyst average estimate of $1.02 billion, reflecting a year-over-year change of +5.4% [4] - Net Sales for Corporate and Other were $18 million, significantly better than the estimated -$33.01 million, but this represents a -194.7% change compared to the year-ago quarter [4] - Net Sales for Potash were $570 million, exceeding the $516.70 million average estimate, but showing an -11.4% change year-over-year [4] Sales Volumes and Pricing - Total Finished Product sales volumes for Mosaic Fertilizantes were 1,847 KTon, below the average estimate of 1,938.02 KTon [4] - The average finished product selling price for Potash was $234, slightly lower than the $237.21 average estimate [4] - Phosphates sales volumes totaled 1,498 KTon, compared to the estimated 1,591.66 KTon [4] - Potash sales volumes were reported at 2,113 KTon, below the five-analyst average estimate of 2,154.66 KTon [4] - The average finished product selling price for Phosphates was $632, lower than the four-analyst average estimate of $649.44 [4] Realized Costs - Realized costs for Sulfur in Phosphates were $157 per Ton, slightly above the average estimate of $156.99 per Ton [4] - Realized costs for Blended rock were $77 per Ton, compared to the four-analyst average estimate of $79.75 per Ton [4] - Realized costs for Ammonia were $416 per Ton, higher than the four-analyst average estimate of $406.13 per Ton [4]

The Mosaic Company May 6, 2025 First Quarter 2025 Results 1 This presentation includes the presentation and discussion of non-GAAP diluted net earnings per share, or adjusted EPS, non-GAAP gross margin per tonne, or adjusted gross margin per tonne, non-GAAP adjusted EBITDA, non-GAAP cash cost of conversion or production per tonne, or non-GAAP adjusted effective tax rate, collectively referred to as non-GAAP financial measures. Generally, a non-GAAP financial measure is a supplemental numerical measure of a ...

Group 1: Earnings Performance - Mosaic reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, but down from $0.65 per share a year ago, representing an earnings surprise of 25.64% [1] - The company posted revenues of $2.62 billion for the quarter, missing the Zacks Consensus Estimate by 1.69% and down from $2.68 billion year-over-year [2] - Over the last four quarters, Mosaic has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Group 2: Stock Performance and Outlook - Mosaic shares have increased approximately 24.5% since the beginning of the year, contrasting with a -3.9% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.68 for the coming quarter and $2.20 for the current fiscal year [7] - The Zacks Rank for Mosaic is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Fertilizers industry, to which Mosaic belongs, is currently ranked in the top 9% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Nutrien, a competitor in the same industry, is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 28.3% [9]

Intrepid Potash (IPI) Q1 2025 Earnings Call May 06, 2025 12:00 PM ET Company Participants Evan Mapes - Investor Relations ManagerKevin Crutchfield - CEOMatthew Preston - CFOZachry Adams - Vice President of Sales & MarketingJohn Galassini - Vice President of OperationsJason Ursaner - General Partner Conference Call Participants Lucas Beaumont - Director Equity Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Intrepid Potash Inc. First Quarter twenty twenty five R ...

Intrepid Potash (IPI) Q1 2025 Earnings Call May 06, 2025 12:00 PM ET Company Participants Evan Mapes - Investor Relations ManagerKevin Crutchfield - CEOMatthew Preston - CFOZachry Adams - Vice President of Sales & MarketingJohn Galassini - Vice President of OperationsJason Ursaner - General Partner Conference Call Participants Lucas Beaumont - Director Equity Research Analyst Operator you for standing by. This is the conference operator. Welcome to the Intrepid Potash Inc. First Quarter twenty twenty five R ...

Financial Data and Key Metrics Changes - In Q1 2025, the company generated adjusted EBITDA of $16.6 million and adjusted net income of $4.6 million, compared to adjusted EBITDA of $7.7 million and an adjusted net loss of $3.1 million in the prior year, marking significant improvements in profitability [5][6] - Cost of Goods Sold (COGS) per ton for potash improved by 17% from the 2023 baseline and by 25% from the peak in Q4 2023, coming in at $313 per ton [6] - COGS per ton for Trio was $235, representing a 22% improvement compared to the previous year's first quarter [6] Business Line Data and Key Metrics Changes - Potash production totaled 93,000 tons in Q1 2025, an increase of 6,000 tons year-over-year, with a 40% increase in tons sold despite a 20% decrease in average net realized pricing [11] - Trio achieved a quarterly sales record of 110,000 tons, with an average pricing increase to $345 per ton [7] - The Oilfield Solutions segment generated revenue of $4.4 million with a gross margin of approximately 38% [13] Market Data and Key Metrics Changes - Potash prices increased by $55 per ton and Trio prices by $40 per ton during Q1 2025 due to strong demand and tight supplies [8] - Global potash consumption is returning to a trend line growth of approximately 2% per year, with a balanced outlook heading into the second half of 2025 [9] - U.S. agriculture exports for corn are up by about 25% year-to-date, supporting forecasts of low crop inventories [9] Company Strategy and Development Direction - The company is focused on revitalizing core assets and improving unit economics, which has positively impacted production and profitability [6][10] - The strategy includes maintaining consistent production levels and cost structures to ensure resilience and predictability in operations [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potash and agriculture markets, citing beneficial tariff treatments and a weakening dollar supporting U.S. agriculture exports [9][10] - The company anticipates continued improvements in cash flow and reduced COGS per ton, despite broader market uncertainties [16] Other Important Information - The company expects potash production for 2025 to be between 285,000 to 295,000 tons, with Trio production projected at 235,000 to 245,000 tons [12][13] - Capital expenditures for 2025 are guided at $36 million to $42 million, primarily for sustaining capital [15] Q&A Session Summary Question: Potash pricing expectations for Q2 - Management explained that Q2 pricing is projected at around $355 per ton, reflecting a differential of about $43 per ton compared to Q1 pricing, capturing most of the price uptick [20][21] Question: Production volume expectations for the rest of the year - Management indicated that production forecasts are based on recent projects and the Wendover facility, with a focus on maintaining production levels despite potential variability [23] Question: Outlook for Trio cost improvements - Management noted that while cost improvements are expected to moderate, the current cost structure reflects significant operational efficiencies achieved [27][28] Question: Assessment of company performance and focus areas - Management highlighted the importance of maintaining focus on core assets and consistent performance to drive improvements over the next one to two years [30][32] Question: Cash flow generation and capital allocation - Management confirmed that Q2 is typically the best cash flow generation quarter, with discussions on capital allocation becoming more relevant as performance improves [42]

Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3] - Each stock is assigned a rating of A, B, C, D, or F based on its characteristics, with A being the highest score indicating the best chance of outperforming [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Group 2: Value Score - The Value Score focuses on identifying stocks that are trading under their true value using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Group 3: Growth Score - The Growth Score evaluates a company's financial strength and future outlook by analyzing projected and historical earnings, sales, and cash flow [4] Group 4: Momentum Score - The Momentum Score helps investors capitalize on upward or downward trends in stock prices or earnings outlook by analyzing one-week price changes and monthly percentage changes in earnings estimates [5] Group 5: VGM Score - The VGM Score combines the three Style Scores to identify companies with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [6] Group 6: Zacks Rank - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Group 7: Stock Example - Nutrien Ltd. - Nutrien Ltd. is a leading integrated provider of crop inputs and services, operating over 2,000 retail locations globally and producing three crop nutrients: potash, nitrogen, and phosphate [12] - Nutrien has a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Value Style Score of A due to a forward P/E ratio of 15.12, making it attractive for value investors [13] - The Zacks Consensus Estimate for Nutrien's fiscal 2025 earnings has increased by $0.01 to $3.72 per share, with two analysts revising their earnings estimates upwards in the last 60 days [13][14]

Core Viewpoint - The Mosaic Company is expected to report its first-quarter 2025 results on May 6, with anticipated impacts from weak fertilizer prices but potential gains from healthy demand and cost-management actions [1]. Group 1: Earnings Performance - Mosaic has experienced a negative earnings surprise of approximately 17.2% on average over the last four quarters, with a 15.1% negative surprise in the most recent quarter [1]. - The Earnings ESP for Mosaic is +15.82%, with the Zacks Consensus Estimate for the first quarter set at 39 cents [4]. Group 2: Revenue Estimates - The Zacks Consensus Estimate for Mosaic's first-quarter consolidated sales is $2,665.9 million, indicating a decline of 0.5% compared to the same quarter last year [5]. Group 3: Market Conditions - Favorable demand for phosphate and potash is expected to benefit Mosaic, driven by strong agricultural conditions and favorable farmer economics globally [8]. - The demand for grains and oilseeds remains high, supporting the overall fertilizer market [8]. Group 4: Cost Management - Mosaic is implementing cost-reduction strategies aimed at achieving $150 million in run-rate cost reductions by the end of 2025 [9]. - The company is focused on improving its operating cost structure amid a challenging environment [9]. Group 5: Price Trends - Softer fertilizer prices have negatively impacted Mosaic's sales and margins, with phosphate and potash prices declining since mid-2022 [10]. - The average selling price per ton for the Potash segment is estimated at $209, reflecting a year-over-year decline of 29.6%, while the Phosphate unit's average selling price is expected to be $609, indicating a 10% decline from the prior year [11].

In its upcoming report, Nutrien (NTR) is predicted by Wall Street analysts to post quarterly earnings of $0.33 per share, reflecting a decline of 28.3% compared to the same period last year. Revenues are forecasted to be $5.32 billion, representing a year-over-year decrease of 1.2%.The consensus EPS estimate for the quarter has been revised 0.5% 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 th ...