Welcome to our dedicated page for Mosaic news (Ticker: MOS), a resource for investors and traders seeking the latest updates and insights on Mosaic stock.
The Mosaic Company (NYSE: MOS) is publicly described as one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients, with additional focus on biological products through its Mosaic Biosciences platform. This news page aggregates company announcements, regulatory disclosures, and other updates that shed light on Mosaic’s operations, capital decisions, and role in the global agriculture supply chain.
Recent Mosaic news has covered a range of topics, including asset sales, production decisions, financing activities, and safety updates. For example, the company has announced a definitive agreement to sell Mosaic Potash Carlsbad, Inc., which includes its Carlsbad, New Mexico potash mine, to International Minerals Carlsbad, LLC, and the completed sale of Mosaic Potássio Mineração Ltda., operator of the Taquari-Vassouras potash mine in Brazil, to VL Mineração Ltda. Mosaic has also reported phosphate production curtailments in Brazil in response to changes in sulfur prices, reflecting how input costs can influence fertilizer production decisions.
Investors and observers can also find news about Mosaic’s financial policies and capital structure, such as recurring announcements of quarterly dividends on its common stock and the completion of an underwritten public offering of senior notes with maturities in 2029 and 2030. Safety and operational integrity feature in updates like the company’s communication regarding a ground fall incident at its Esterhazy K3 site, where Mosaic emphasized employee well-being and regulatory review.
Policy and market context appear in releases welcoming the addition of phosphate and potash to the U.S. Critical Minerals List, highlighting their importance to food production and national security. By following this news feed, readers can monitor developments in Mosaic’s fertilizer and biological product activities, asset portfolio, financing, and regulatory environment over time.
The Mosaic Company (NYSE:MOS) disclosed that its North American phosphate operations will face disruptions due to Hurricane Ida, with repairs expected to take 8 to 9 weeks. An estimated production loss of approximately 300,000 tonnes is predicted in Q3, alongside ongoing production challenges. While Q4 operating rates may improve, they are anticipated to remain below historical levels. Additionally, navigational issues on the Mississippi River could hinder logistical operations during the busy fall application season. Mosaic also initiated a $100,000 disaster relief grant for affected communities.
The Mosaic Company (NYSE:MOS) has announced key financial maneuvers including a $1 billion share repurchase authorization, a significant paydown of $450 million in debt due November 2021, and the establishment of a $2.5 billion line of credit maturing in 2026. The new repurchase plan replaces the prior authorization, demonstrating the company's ongoing commitment to returning capital to shareholders while working to retire $1 billion of debt over time. These steps are supported by strong cash flow and aim to strengthen Mosaic's balance sheet.
The Mosaic Company (NYSE:MOS) declared a quarterly dividend of $0.075 per share on August 19, 2021. This dividend will be paid on September 16, 2021, to stockholders of record as of the close of business on September 2, 2021. Future dividends are subject to the Board of Directors' approval, and there is no assurance of continued dividends. The Mosaic Company is a leading producer of phosphate and potash crop nutrients, serving the global agriculture industry.
The Mosaic Company (NYSE:MOS) reported its July 2021 sales revenue and volumes across its business units. In Potash, sales volumes decreased to 629,000 tonnes from 743,000 tonnes in July 2020, while revenue rose to $191 million from $154 million. In Mosaic Fertilizantes, sales volumes slightly decreased to 1,197,000 tonnes from 1,201,000 tonnes, with revenue increasing to $585 million from $385 million. Phosphate sales volumes dropped to 597,000 tonnes from 676,000 tonnes, but revenue surged to $407 million from $233 million.
The Mosaic Company (NYSE:MOS) partners with the Tampa Bay Buccaneers to combat hunger in Tampa Bay by establishing five food pantries over the next five years. The first pantry is set to open at Broward Elementary School in October, serving around 300 families. This initiative, inspired by Mosaic's mission to address food insecurity, aims to improve access to nutritious food. Both organizations will also contribute $10 for each tackle made during the Buccaneers' 2021 season to Feeding Tampa Bay, building on Mosaic's ongoing support for local hunger relief efforts.
The Mosaic Company (NYSE:MOS) announced its second quarter earnings for 2021, revealing significant financial updates. The earnings release, along with prepared comments and supplemental materials, is available on their investor website. A Market Update presentation from August 2021 is also accessible. Additionally, Mosaic will host a conference call on August 3 at 11:00 a.m. ET to address investor inquiries. This call can be accessed via the company's website and will be available for replay. For further details, visit Mosaic's investor page.
The Mosaic Company (NYSE:MOS) is set to release its 2021 second quarter earnings on August 2, 2021, after the market closes. The earnings materials, including commentary and performance data, will be available on their website. Shareholders can submit questions until 7:30 p.m. Eastern on the same day. A conference call is scheduled for August 3 at 11:00 a.m. Eastern, where the leadership team will address these queries. More details are provided on Mosaic's investor relations page.
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.