Mosaic Stock Price, News & Analysis

The Mosaic Company (NYSE:MOS) reported its first-quarter earnings for 2021, demonstrating its position as a leading producer of concentrated phosphate and potash crop nutrients. The earnings release includes comments and supplemental materials available online. A fireside chat addressing investor questions is scheduled for May 4, 2021, at 11:00 a.m. ET. Additionally, Mosaic has published a Market Update presentation for May 2021. The company continues to serve the global agriculture sector with its fertilizers and feed ingredients.

The Mosaic Company (NYSE:MOS) will release its 2021 Q1 earnings on May 3, 2021, after market close. Earnings materials will be accessible on their website, including commentary and performance data. Questions can be emailed until May 3 at 7:30 p.m. ET for the leadership team to address during the conference call on May 4 at 11:00 a.m. ET. There will be a replay available for the call for one year following the event. More details are provided in the press release.

Mosaic Company (NYSE:MOS) and AgBiome have announced a strategic collaboration aimed at enhancing soil fertility through innovative biological solutions. Utilizing AgBiome's GENESIS™ platform, the partnership seeks to leverage a diverse range of microbes and Mosaic's extensive expertise in soil health. Both companies aim to address the growing demand for sustainable agricultural practices, which enhance crop quality while minimizing environmental impact. This collaboration aligns with Mosaic's broader strategy to expand its soil health offerings and meet the evolving needs of growers.

The U.S. International Trade Commission has completed an investigation revealing that subsidized phosphate fertilizer imports from Morocco and Russia have negatively impacted the U.S. phosphate industry. Consequently, the U.S. Department of Commerce will enforce countervailing duty orders on these imports for at least five years. Expected cash deposit rates include approximately 20% for Moroccan producer OCP and between 9% to 47% for Russian producers PhosAgro and EuroChem. Mosaic's CEO believes this ruling supports American farmers by fostering a competitive fertilizer market.

The Mosaic Company (NYSE:MOS) has announced a 50% increase in its annual dividend target, raising it from $0.20 to $0.30 per share, with the next declaration expected in May 2021. This increase is attributed to a reduced expense base and lower capital spending as the Esterhazy K3 mine project nears completion. CEO Joc O'Rourke emphasized this commitment to shareholders. However, the future declaration of dividends is subject to the approval of the Board of Directors, depending on the company's financial performance and available cash resources.

The Mosaic Company (NYSE:MOS) reported its February 2021 sales revenue and volumes, indicating growth in its potash and phosphates segments compared to February 2020. For potash, sales volumes reached 617,000 tonnes, generating $143 million in revenue, an increase from 489,000 tonnes and $118 million in February 2020. Mosaic Fertilizantes saw 711,000 tonnes in sales volumes and $261 million in revenues, slightly up from 737,000 tonnes and $255 million the previous year. Phosphates also experienced growth with 614,000 tonnes sold generating $297 million.

The Mosaic Company (NYSE:MOS) has partnered with Sound Agriculture to develop a new nutrient efficiency product aimed at enhancing crop yields while improving soil health in North and South America. This collaboration will leverage bio-inspired chemistry and micronutrients to optimize fertilizer use in crops like corn and soybeans, launching in the U.S. by 2023. The partnership aims to address economic and environmental waste associated with fertilizer excess, benefitting growers and promoting sustainable agriculture practices.

TAMPA, FL / ACCESSWIRE / February 25, 2021 / The Mosaic Company (NYSE:MOS) will host a virtual Analyst Presentation on March 11, 2021, from 9:00 am to 10:00 am ET. This fourth session will discuss the company's strategy and performance, focusing on the optimization of operating assets and capital management. Participants can register on the company's website and submit questions during the event. Replays will be available post-event. Mosaic is a leading producer of phosphate and potash crop nutrients for global agriculture.

The Mosaic Company (NYSE:MOS) reported its January 2021 sales revenue and volumes across its business units. In the Potash segment, sales volumes were 624,000 tonnes, down from 728,000 tonnes in January 2020, leading to revenues of $151 million compared to $170 million the previous year.

For Mosaic Fertilizantes, sales volumes fell to 718,000 tonnes from 752,000 tonnes, resulting in revenues of $262 million versus $281 million in January 2020. However, the Phosphates segment saw increased sales volumes at 741,000 tonnes, up from 599,000 tonnes, with revenues rising to $337 million compared to $198 million in the prior year.