Mosaic Announces August 2020 Sales Revenues and Volumes
The Mosaic Company (NYSE:MOS) reported its August 2020 sales performance, highlighting a decline in potash and Mosaic Fertilizantes revenues compared to August 2019.
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Rhea-AI Summary
The Mosaic Company (NYSE:MOS) reported its August 2020 sales performance, highlighting a decline in potash and Mosaic Fertilizantes revenues compared to August 2019. Potash sales revenues fell from $198 million to $154 million with a decrease in sales volumes from 755,000 to 741,000 tonnes. In contrast, Mosaic Fertilizantes saw a slight increase in sales volumes from 1,241,000 to 1,266,000 tonnes, but revenues dropped from $499 million to $393 million. Phosphate sales remained stable with revenues of $261 million, slightly down from $262 million.
Positive
- Mosaic Fertilizantes sales volume increased from 1,241,000 to 1,266,000 tonnes.
- Phosphate sales volumes rose from 698,000 to 743,000 tonnes.
Negative
- Potash sales revenues decreased from $198 million to $154 million.
- Mosaic Fertilizantes revenues fell from $499 million to $393 million.
Details
News Market Reaction – MOS
The recorded move for MOS in the trading session of this news was -0.55%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAMPA, FL / ACCESSWIRE / September 14, 2020 / The Mosaic Company (NYSE:MOS) announced its August 2020 sales revenue and sales volumes by business unit.
Potash(1) | August 2020 | August 2019 |
Sales Volumes in thousands of tonnes(2) | 741 | 755 |
Sales Revenues in millions |
Mosaic Fertilizantes(1) | August 2020 | August 2019 |
Sales Volumes in thousands of tonnes(2) | 1,266 | 1,241 |
Sales Revenues in millions |
Phosphates(1) | August 2020 | August 2019 |
Sales Volumes in thousands of tonnes(2) | 743 | 698 |
Sales Revenues in millions |
(1)The revenues and tonnes presented are sales as recognized in the month and do not reflect current market conditions due to the delays between pricing and revenue recognition.
(2)Tonnes = finished product tonnes
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.
The Mosaic Company Contacts
Media: Investors:
Ben Pratt
813-775-4206
benjamin.pratt@mosaicco.com
Laura Gagnon
813-775-4214
Paul Massoud
813-244-0669
investor@mosaicco.com
The Mosaic Company
101 E. Kennedy Blvd., Suite 2500
Tampa, FL 33602
www.mosaicco.com
SOURCE: The Mosaic Company
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https://www.accesswire.com/606045/Mosaic-Announces-August-2020-Sales-Revenues-and-Volumes
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