earnings
confidence high
sentiment positive
materiality 0.85
Mosaic Q4 net income $665M, FY21 adj EBITDA record $3.6B; raises dividend, announces $1B buyback
MOSAIC CO
2021-FY EPS reported
$4.27
revenue$12,357,400,000
- Full year 2021 net income $1.6B ($4.27 EPS); adjusted EPS $5.04; revenue $12.4B (+42% YoY).
- Q4 2021 net income $665M ($1.76 EPS); adjusted EPS $1.95; adjusted EBITDA $1.2B.
- Potash operating earnings $837M (+108% YoY); K3 mine ramp-up expected to complete by end of Q1 2022.
- Initiates $400M accelerated share repurchase in Feb; new $1B share repurchase program to follow.
- Regular annual dividend raised from $0.45 to $0.60 per share, beginning Q2 2022.