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The Mosaic Company (MOS)

  • Thu, Apr. 30, 8:58 AM
    • Mosaic (NYSE:MOS) +0.2% premarket after Q1 earnings beat analyst estimates, although potash volumes fell because of issues with the North American spring fertilizer business.
    • Q1 phosphate sales grew to $1.2B from $959M in the year-ago quarter, reflecting higher sales volume and higher finished-product prices, and phosphate sales volumes totaled 2.3M metric tons, on the higher end of the company’s expected range of 2.1M-2.3M.
    • However, Q1 potash sales fell to $653M from $733M a year ago, and sales volume of 2M metric tons was on the low end of the company’s projection of 2M-2.3M metric tons, as "seasonal uncertainty during this time of year has been exacerbated by the delayed and compressed North American spring fertilizer applications."
    • For Q2, MOS projects volumes of phosphate of 2.3M-2.7M metric tons vs. 2.6M last year, and sees potash volumes of 2M-2.4M metric tons vs. 2.5M a year ago.
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  • Thu, Apr. 30, 6:01 AM
    • Mosaic (NYSE:MOS): Q1 EPS of $0.80 beats by $0.05.
    • Revenue of $2.14B (+8.1% Y/Y)
    • Press Release
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  • Wed, Feb. 11, 9:09 AM
    • Mosaic (NYSE:MOS) +1.4% premarket after Q4 earnings more than doubled on higher phosphate and potash sales in anticipation of the spring season.
    • MOS expects strong demand to continue, as issues upbeat guidance for volumes of phosphate, its biggest revenue driver; for the current quarter, MOS projects phosphate volumes of 2.8M-3.1M tons vs. 2.7M tons in the year-ago quarter.
    • Q4 phosphate sales rose 4% Y/Y to $1.6B, reflecting lower volume but higher finished-product prices; phosphate sales volumes totaled 3.3M tons, beating the company's expected range of 2.5M-2.8M tons.
    • Q4 potash sales told the opposite story of higher volume and lower prices, rising 17% Y/Y to $763M; potash sales volumes totaled 2.3M tons, on the high end of the company's projection of 2M-2.3M tons.
    • For the current quarter, MOS again expects potash sales volumes of 2M-2.3M tons, down from 2.4M tons last year.
    | Comment!
  • Wed, Feb. 11, 7:03 AM
    • Mosaic (NYSE:MOS): Q4 EPS of $0.87 beats by $0.01.
    • Revenue of $2.38B (+9.2% Y/Y)
    • Press Release
    | Comment!
  • Tue, Feb. 10, 5:30 PM
  • Oct. 30, 2014, 7:08 AM
    • Mosaic (NYSE:MOS): Q3 EPS of $0.56 misses by $0.03.
    • Revenue of $2.3B (+21.1% Y/Y)
    • Press Release
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  • Jul. 31, 2014, 7:03 AM
    • Mosaic (NYSE:MOS): Q2 EPS of $0.70 misses by $0.04.
    • Revenue of $2.44B (-6.9% Y/Y) misses by $100M.
    • Press Release
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  • May 6, 2014, 7:59 AM
    • Mosaic (MOS) -1.9% premarket after reporting a larger than expected 43% Y/Y drop in Q1 earnings on declining sales, hurt by lower prices for phosphate and potash.
    • Q1 phosphate sales totaled 2.7M metric tons, above forecast 2.3M-2.6M tons; average realized price was $414/ton, above the prior quarter's $381 but well below the year-ago price of $491.
    • Q1 potash sales totaled 2.4M metric tons, near the low end of expectations; average selling price $267/ton, vs. $303 per ton in Q4 and $376 a year ago.
    • MOS forecasts Q2 phosphate sales volumes of 3.1M-3.4M metric tons, up from 2.9M tons last year, at realized prices of $430-$460/ton; expects potash sales of 2.2M-2.5M metric tons, compared with 2.4M tons a year ago, at realized prices of $250-$275/ton.
    • Sees FY 2014 capex of $1.2B-$1.4B.
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  • May 6, 2014, 7:07 AM
    • Mosaic (MOS): Q1 EPS of $0.54 misses by $0.05.
    • Revenue of $1.98B (-14.3% Y/Y) misses by $520M.
    • Press Release
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  • May 5, 2014, 5:30 PM
  • Feb. 11, 2014, 8:22 AM
    • Mosaic (MOS) +0.8% premarket after reporting a 79% drop in Q4 earnings as prices of crop nutrients potash and phosphate fell sharply.
    • Says it will buy back $1B of its shares on top of a $2B repurchase program announced in December.
    • Q4 potash sales totaled 1.9M metric tons, at the high end of expectations; average selling price was $303/metric ton, near the top of $285-$310 guidance, and production reached 65% of capacity, slightly higher than anticipated.
    • Q4 phosphate sales totaled 3.4M metric tons, above the forecast of 2.5M-2.9M; average realized price was $381/metric ton, at the lower end of $370-$400 guidance.
    • Q1 2014 potash sales are seen at 2.3M-2.7M metric tons vs. 2M in the year-ago quarter, with the average sales price expected at $245-$275; phosphate sales are seen at 2.3M-2.6M metric tons vs. 2.7M a year ago, with an average selling price of $390-$400.
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  • Feb. 11, 2014, 7:02 AM
    • The Mosaic Company (MOS): Q4 EPS of $0.30 misses by $0.12.
    • Revenue of $2.2B (-1.8% Y/Y) beats by $330M.
    • Press Release
    | 1 Comment
  • Feb. 11, 2014, 12:05 AM
  • Feb. 10, 2014, 5:30 PM
  • Jan. 30, 2014, 8:22 AM
    • Potash (POT) -4.3% premarket after posting a 45% drop in Q4 earnings and issuing weaker than expected earnings guidance for 2014 on expectations for continued pricing pressure.
    • Gross margins fell as lower prices for all three fertilizer nutrients - potash, nitrogen and phosphate - outweighed improved costs and higher sales volumes.
    • In its downside guidance, POT sees Q1 EPS of $0.30-$0.35 vs. $0.46 analyst consensus, and sees FY 2014 EPS of $1.40-$1.80 vs. $2.01 consensus.
    • Q4 potash sales volumes rose 13%, largely fueled by North American activity, but average potash prices fell to $282/metric ton in the quarter from $387 a year earlier; while POT near-term pressure on potash prices appears to have subsided, "its impact is expected to suppress our offshore realizations through the early part of 2014."
    • Among peers: MOS -1.2%, IPI -2.1% premarket.
  • Nov. 5, 2013, 8:12 AM
    • Mosaic (MOS) -0.2% premarket after Q3 earnings fell 70% and missed estimates, primarily driven by lower prices and lower North American sales volumes.
    • Q3 phosphate net sales fell 18% to $1.4B, primarily driven by lower finished product prices, and phosphate sales volume was 2.7M metric tons vs. 2.9M in the year-ago period; potash net sales fell 44% to $523M, due to lower domestic shipment volumes and lower realized prices, and potash sales volume was 1.4M metric tons vs. 1.8M a year ago.
    • Q4 phosphate sales volumes are expected at 2.5M-2.9M metric tons vs. 2.8M last year, at an average selling price of $370-$400/metric ton; gross margin percentage is estimated to be flat Q/Q.
    • Q4 potash sales volumes are expected at 1.5M-1.9M metric tons vs. 1.4M in the year-ago period, at an average selling price of $285-$310/ metric ton; gross margin rate is seen in the mid-20% range.
    • Says it will exit its underperforming distribution businesses in Argentina and Chile; also will close a small potash mine at Hersey, Mich., and sell its salt operation.
    | 1 Comment
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Company Description
Mosaic Coproduces and markets concentrated phosphate and potash crop nutrients.Itis organized into the two business segments: Phosphates and Potash.