earnings
confidence high
sentiment positive
materiality 0.85
Mosaic posts record FY2021 EBITDA $3.6B; raises dividend 33%, authorizes $1B buyback
MOSAIC CO
2021-FY EPS reported
$4.27
revenue$12,357,400,000
- Full year net income $1.6B, EPS $4.27; adjusted EPS $5.04. Revenues $12.4B (+42% YoY).
- Q4 net income $665M, EPS $1.76; adjusted EBITDA $1.2B.
- Dividend raised from $0.45 to $0.60 per share annually, starting Q2 2022.
- New $1B share repurchase program; $400M accelerated repurchase initiated in Feb 2022.
- Potash operating earnings $837M (+108% YoY); K3 mine ramp-up expected by Q1 2022 end.