The Mosaic Company: Mosaic Announces July 2020 Sales Revenues and Volumes
Rhea-AI Summary
The Mosaic Company (NYSE:MOS) reported its July 2020 sales revenues and volumes, highlighting a decrease in key financial metrics compared to July 2019. Notably, potash sales volumes reached 743,000 tonnes with revenues of $154 million, down from 788,000 tonnes and $212 million in the previous year. Mosaic Fertilizantes saw an increase in sales volumes to 1,201,000 tonnes but a revenue drop to $385 million from $437 million. Phosphates sales volumes increased to 676,000 tonnes, with revenues at $233 million, slightly up from $226 million.
Positive
- Mosaic Fertilizantes' sales volumes increased from 1,029,000 tonnes to 1,201,000 tonnes.
- Phosphates sales volumes rose from 578,000 tonnes to 676,000 tonnes.
Negative
- Potash sales revenues declined from $212 million to $154 million.
- Potash sales volumes decreased from 788,000 tonnes to 743,000 tonnes.
- Mosaic Fertilizantes' revenues dropped from $437 million to $385 million.
News Market Reaction – MOS
On the day this news was published, MOS gained 0.29%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TAMPA, FL / ACCESSWIRE / August 13, 2020 / The Mosaic Company (NYSE:MOS) announced its July 2020 sales revenue and sales volumes by business unit.
Potash(1) | July 2020 | July 2019 | ||||||
Sales Volumes in thousands of tonnes(2) | 743 | 788 | ||||||
Sales Revenues in millions | $ | 154 | $ | 212 | ||||
Mosaic Fertilizantes(1) | July 2020 | July 2019 | ||||||
Sales Volumes in thousands of tonnes(2) | 1,201 | 1,029 | ||||||
Sales Revenues in millions | $ | 385 | $ | 437 | ||||
Phosphates(1) | July 2020 | July 2019 | ||||||
Sales Volumes in thousands of tonnes(2) | 676 | 578 | ||||||
Sales Revenues in millions | $ | 233 | $ | 226 | ||||
(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:
Ben Pratt, 813-775-4206
ben.pratt@mosaicco.com
Investors:
Laura Gagnon, 813-775-4214 or
Paul Massoud, 813-244-0669
investor@mosaicco.com
SOURCE: The Mosaic Company via EQS Newswire
View source version on accesswire.com:
https://www.accesswire.com/601381/The-Mosaic-Company-Mosaic-Announces-July-2020-Sales-Revenues-and-Volumes
FAQ
What were the sales revenues for Mosaic in July 2020?
How did Mosaic's potash sales compare in July 2020 versus July 2019?
What is the sales volume for phosphates in July 2020?
What was the revenue for Mosaic Fertilizantes in July 2020?
