Mosaic Stock Price, News & Analysis

The Mosaic Company (NYSE:MOS) has announced the submission of an early redemption notice for its $450 million 3.75% senior notes, set to be called at par on August 15, 2021. This follows the company's commitment to reduce long-term debt by $1 billion, with this action deemed a key first step. The annual interest expense for these bonds was approximately $17 million. The company aims to balance its capital allocation among strengthening its balance sheet, business investments, and shareholder returns.

The Mosaic Company (NYSE:MOS) reported its sales revenue and volumes for May 2021, reflecting increases across its business units compared to May 2020. Potash sales volumes reached 891,000 tonnes, generating $246 million in revenue. Mosaic Fertilizantes achieved 790,000 tonnes in sales volume with revenues of $336 million. Phosphates saw 553,000 tonnes sold, yielding $327 million. The overall trend indicates strong performance in the agriculture sector.

TAMPA, FL / ACCESSWIRE / June 4, 2021 / The Mosaic Company (NYSE:MOS) will participate in a fireside chat at the Exane BNP Paribas 23rd European Virtual Conference on June 7, 2021, at 11:00 am ET. Executives including CEO Joc O'Rourke and CFO Clint Freeland will discuss the company's strategy, agricultural conditions, and recent closures of the Esterhazy K1 and K2 potash shafts. The event will be webcast live and available for replay on the company's website.

The Mosaic Company (NYSE:MOS) announced the immediate closure of its K1 and K2 potash mine shafts at Esterhazy, necessitated by accelerated brine inflows. This change is part of the transition to K3 and will enable the company to resume production at Colonsay, recalling workers soon. The move is expected to increase potash production by 2 million tonnes annually by 2022. In the second quarter, Mosaic anticipates costs of $20-$25 million for brine management and $80-$100 million in noncash asset write-downs. The company aims for 10.5 million tonnes of operational capacity by mid-2022.

The Mosaic Company (NYSE:MOS) has declared a quarterly dividend of $0.075 per share, scheduled for payment on June 17, 2021. Shareholders of record as of June 3, 2021 will receive this dividend. Future dividends will be subject to the Board of Directors' approval, indicating that there are no guarantees for subsequent dividends. Mosaic is a prominent provider of phosphate and potash fertilizers, supporting global agriculture.

The Mosaic Company (NYSE:MOS) reported its sales revenue and volumes for April 2021. In the Potash segment, sales volumes decreased to 741,000 tonnes from 914,000 tonnes in April 2020, generating $198 million in revenue, slightly down from $200 million. Conversely, Mosaic Fertilizantes saw sales volumes drop to 459,000 tonnes from 592,000 tonnes, but revenue increased to $205 million from $173 million. The Phosphates segment reported stable sales volumes of 744,000 tonnes and a significant revenue rise to $407 million from $258 million. Other remarks include logistical delays impacting volume recognition.

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.