The Mosaic Company
 (MOS)

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  • Mon, Jan. 25, 1:06 PM
    • Potash Corp. (POT -6.8%) plunges to 52-week lows as J.P. Morgan analysts say lower nutrient prices likely will prompt management to cut dividend payments.
    • "Our base case is that [POT] will reduce it because the dividend was set during a period of cyclical strength and a higher level of earnings and industry structure conditions that does not resemble today’s business landscape," analysts led by Jeffrey Zekauskas write, expecting POT will reduce its annual dividend to $1 from the current $1.52 and downgrading shares to Neutral from Overweight.
    • Bernstein analyst Jonas Oxgaard also expects the dividend will be reduced, saying "the fear of [POT] going into financial distress and having bigger problems than paying dividends likely outweighs any reward the company is getting from the dividend at this stage."
    • Also: MOS -5.5%, AGU -2%, IPI -3.2%.
    | Mon, Jan. 25, 1:06 PM | 50 Comments
  • Fri, Jan. 22, 11:36 AM
    • Potash Corp.'s (POT +1.6%) suspension of production at its Picadilly mine in New Brunswick due to weak market conditions could lead the company to shelve plans to build a new west coast shipping terminal with Canpotex partners Mosaic (MOS -1.8%) and Agrium (AGU +1.6%), POT CEO Jochen Tilk says.
    • The decision earlier this week allows Canpotex to "indefinitely defer" a decision on constructing the C$900M Prince Rupert terminal, Tilk told a CIBC investor conference yesterday, saying "We certainly don’t anticipate making that decision in the next 10 years, so we’re very good with our port facilities on the west coast and on the east coast."
    • Tilk also said POT’s board would discuss the company’s dividend next week; analysts have speculated that POT will reduce its dividend.
    | Fri, Jan. 22, 11:36 AM | 8 Comments
  • Dec. 17, 2015, 4:29 PM
    • Mosaic (NYSE:MOS) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 3.82%
    • Payable March 17; for shareholders of record March 3; ex-div March 1.
    | Dec. 17, 2015, 4:29 PM
  • Nov. 24, 2015, 3:11 PM
    • Potash Corp. (POT +1.5%) is preparing a new takeover approach for K+S (OTCQX:KPLUY), which likely would come next spring, Reuters reports, citing German investor newsletter Platow Brief.
    • POT on Oct. 5 withdrew its €7.9B takeover proposal for K+S, citing the decline in global commodity markets and a lack of engagement by K+S management.
    • Also: AGU +1.7%, MOS +1.8%, IPI -1%.
    | Nov. 24, 2015, 3:11 PM | 24 Comments
  • Nov. 3, 2015, 8:28 AM
    • Mosaic (NYSE:MOS) reports better than expected Q3 earnings, which it attributes to its cost reduction efforts, share repurchases and a lower effective tax rate.
    • MOS says SG&A expenses fell nearly 9% Y/Y to $76.6M, but net earnings attributable to the company fell nearly 21% to $160M ($0.45/share) because of lower sales of phosphates and potash.
    • MOS says its Q3 net phosphates sales fell to $1B from $1.1B a year earlier, while potash net sales dropped to $492M from $593M.
    • For Q4, MOS expects phosphates sales volumes of 1.9M-2.2M metric tons vs. 2.4M a year ago, and potash sales volumes of 1.8M-2.1M metric tons vs. 2.3M a year ago.
    • MOS also lowers the upper end of its full-year capex forecast to $1.2B from $1.3B while retaining the lower end at $1.1B.
    | Nov. 3, 2015, 8:28 AM
  • Nov. 3, 2015, 6:58 AM
    • Mosaic (NYSE:MOS): Q3 EPS of $0.62 beats by $0.10.
    • Revenue of $2.11B (-6.2% Y/Y)
    | Nov. 3, 2015, 6:58 AM | 3 Comments
  • Nov. 2, 2015, 5:30 PM
    | Nov. 2, 2015, 5:30 PM | 7 Comments
  • Oct. 30, 2015, 12:58 PM
    • News this week included weak results and guidance from Intrepid Potash (IPI -5.4%), Potash (POT -2.8%), Bunge (BG -0.9%).
    • Coming next week are earnings from Agrium (AGU -1.6%), Mosaic (MOS -2.1%) and CF Industries (CF +0.5%). While analysts have already sharply reduced estimates for the trio, Jaguar Analytics reminds POT and BG had also already seen big cuts, but still missed expectations and slashed guidance further.
    | Oct. 30, 2015, 12:58 PM | 7 Comments
  • Oct. 23, 2015, 10:53 AM
    • Mosaic (MOS +0.7%) says it has cut 46 unionized workers, or 8% of the workforce, at its Colonsay potash mine in Saskatchewan.
    • Colonsay has higher production costs than MOS's other Saskatchewan mines, and the company has said it would curtail production there due to delayed fertilizer purchases in Brazil and North America.
    • "The silver lining behind production cuts and layoffs is that [the company] believes the market is salvageable with some incremental discipline," Scotiabank analyst Ben Isaacson says.
    | Oct. 23, 2015, 10:53 AM
  • Oct. 16, 2015, 5:49 AM
    • Mosaic (NYSE:MOS) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 3.15%
    • Payable Dec. 17; for shareholders of record Dec. 3; ex-div Dec. 1.
    | Oct. 16, 2015, 5:49 AM
  • Oct. 1, 2015, 8:52 AM
    • Mosaic (NYSE:MOS) says it reached a settlement worth more than $800M with U.S. and state environmental regulators to clean up fertilizer manufacturing operations in Louisiana and Florida.
    • Under the agreement, MOS will pay an $8M fine, spend ~$170M on new on-site waste management and recovery processes at facilities in the states, and hold an additional $630M in reserve to cover costs for the closure and long-term care of giant piles of phosphogypsun, a waste byproduct of processing phosphate rock into fertilizer.
    • MOS says it does not expect the changes under the settlement to affect its production rates or volumes.
    | Oct. 1, 2015, 8:52 AM | 1 Comment
  • Sep. 21, 2015, 5:13 PM
    • Mosaic (NYSE:MOS) says it will cut production in its potash business by extending maintenance downtime at its Colonsay mine, and maintain planned slower production in its phosphates business.
    • Delayed fertilizer purchases in Brazil and North America have weakened markets, along with volatile currency and equity markets and lower crop prices, MOS says.
    • MOS expects Q3 potash volumes in the bottom half of its guidance range of 1.6M-2M metric tons, with the average selling price for muriate of potash in the bottom half of previously announced guidance of $260-$280/oz.
    • MOS foresees Q3 phosphate volumes at the low end of its expected range of 2.1M-2.4M metric tons, with the average selling price for diammonium phosphate in the upper half of a range of $435-$455/metric ton.
    | Sep. 21, 2015, 5:13 PM | 4 Comments
  • Sep. 21, 2015, 3:32 PM
    • Potash (POT -3%) is downgraded to Underperform from Neutral with a $22 price target at Macquarie, which sees no letup in the multi-year slump in potash prices anytime soon; in fact, the firm thinks the downturn will grow significantly worse.
    • The firm foresees an average potash price of just US$254/metric ton next year, down from more than $300 today, citing ongoing weakness in agricultural markets and depreciating currencies in emerging markets.
    • Macquarie expects global potash demand to fall by 4.4M metric tons in 2016, and with China sitting on huge potash stocks, the balance of pricing power will shift toward buyers and away from sellers, which could lead to the collapse of the potash contract pricing system.
    • Also: AGU -1.5%, MOS -1.6%, IPI -2.5%, SQM -0.9%.
    | Sep. 21, 2015, 3:32 PM | 17 Comments
  • Sep. 2, 2015, 11:44 AM
    • Intrepid Potash (IPI -1.4%) is lower after disclosing receipt of an imminent danger order from U.S. regulators relating to the ore hoisting shaft at its West Mine near Carlsbad, N.M., requiring the mine to shut down.
    • West Mine is IPI's largest, representing more than 40% of the company's total production capacity.
    • Other potash producers trade mixed: POT +0.3%, MOS +0.2%, AGU -0.7%.
    | Sep. 2, 2015, 11:44 AM | 2 Comments
  • Aug. 13, 2015, 4:40 PM
    • Mosaic (NYSE:MOS) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 2.54%
    • Payable Sept. 17; for shareholders of record Sept. 3; ex-div Sept. 1.
    | Aug. 13, 2015, 4:40 PM
  • Aug. 4, 2015, 4:49 PM
    • Canpotex, the potash export sales arm for Potash Corp. (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU), says it has hired Ken Seitz, chief commercial officer of uranium producer Cameco (NYSE:CCJ), as its new CEO.
    • The current president and CEO, Steve Dechka, is retiring at the end of the year after 32 years of service with the company.
    | Aug. 4, 2015, 4:49 PM
Company Description
Mosaic Co produces and markets concentrated phosphate and potash crop nutrients. It is organized into the two business segments: Phosphates and Potash.