Mosaic Q1 net income $435M ($1.28 EPS) down 63% YoY; Adj EBITDA $777M

MOSAIC CO

2023-Q1 EPS reported $1.28 revenue$3,604,300,000

Revenue $3.6B (-8% YoY); gross margin rate 18.6% vs 36.7%.
Potash operating earnings $402M (down from $563M); Phosphate $266M (down from $493M).
Colonsay mine restart deferred to H2 2023; Esterhazy miner to start H2.
Cash from ops $149M; free cash flow $191M; share buybacks $456M, dividends $152M.
Adjusted EPS $1.14 (vs $2.41 YoY); adjusted EBITDA $777M (vs $1.5B).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MOSAIC CO reported quarter ended March 31, 2023 results: revenue $3,604 million, net income $435 million, EPS $1.28 per diluted share.

Period: quarter ended March 31, 2023
Revenue: $3,604 million
Net income: $435 million
EPS: $1.28 per diluted share
Result: reported results

Exact text from the filing

constructive. At the same time, North American fertilizer demand has accelerated as growers are being incented to maximize yields.” Highlights: • First quarter revenues totaled $3.6 billion, down 8 percent from the year ago period, reflecting the impact of lower prices somewhat offset by higher volumes. The gross margin rate in the first quarter was 18.6 percent,

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Source: SEC EDGAR

accession 0001243786-23-000066

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