Mosaic: Q3 Earnings Snapshot

Mosaic Company (NYSE:MOS) reported its third-quarter 2024 earnings on November 12, 2024, with a net income of $122.2 million and earnings per share (EPS) of 38 cents, falling short of analyst expectations. Revenue of $2.81 billion also missed forecasts. Despite the shortfall, Mosaic's earnings adjusted for non-recurring gains were 34 cents per share. The company's earnings release and supplemental materials are available at investors.mosaicco.com/financials/quarterly-results.

Mosaic's earnings miss can be attributed to lower prices for phosphate and potash fertilizers, key products for the company. However, Mosaic's strategic focus on cost-cutting and operational efficiency helped mitigate the impact of lower prices. The company's earnings report also highlighted its progress in strategic objectives, including the expansion of its global footprint and the development of new products.



Mosaic's Q3 2024 earnings snapshot reveals a mixed performance, with earnings per share of 34 cents, missing Wall Street expectations of 58 cents, and revenue of $2.81 billion, falling short of the anticipated $3.28 billion. Despite the disappointing results, Mosaic's stock price remained relatively stable post-earnings, indicating investors' focus on the company's long-term prospects. The Mosaic Company's stock price on November 12, 2024, was $14.25, with a 52-week range of $11.50-$16.50.

The Mosaic Company will present a fireside chat addressing investor questions during a conference call on Tuesday, November 12 at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at investors.mosaicco.com, and the dial-in numbers below. The webcast will be available up to at least one year from today's date.

Conference Call Details:
Dial-in number (Toll Free) +1 877-883-0383
International Dial-in number +1-412-902-6506
Participant Elite Entry Number 8013381

Link to Webcast of the Conference Call:

Mosaic's Q3 2024 earnings results may have implications for the global fertilizer market and the agriculture industry as a whole. The company's long-term strategies and global presence could help mitigate any potential impacts, ensuring a stable supply chain for the agriculture industry. Investors should monitor Mosaic's performance and consider its long-term growth potential.