earnings
confidence high
sentiment negative
materiality 0.75
Mosaic reports Q3 net loss $4M; adjusted EPS $0.68; revenue down 34% YoY
MOSAIC CO
2023-Q3 EPS reported
$2.39
revenue$10,546,600,000
- Net loss of $4M ($0.01 diluted loss); adjusted EPS $0.68; revenue $3.5B, down 34% YoY
- Adjusted EBITDA $594M vs $1.7B last year; gross margin rate 11.5% vs 28.1%
- Potash earnings $200M, down from $793M; Colonsay mine restarted in Q3
- Phosphate operating loss $58M vs income $131M; Mosaic Fertilizantes earnings $77M vs $323M
- Cash from operations $647M; free cash flow $335M; demand outlook positive for 2024