earnings
confidence high
sentiment negative
materiality 0.90
Mosaic Q2 net loss $162M; adjusted EPS $0.54; revenue down 17% YoY
MOSAIC CO
2024-Q2 EPS reported
-$0.36
revenue$5,496,000,000
- Net loss of $162M ($0.50 diluted loss); adjusted EPS $0.54; adjusted EBITDA $584M vs $744M a year ago.
- Revenue $2.8B, down 17% from $3.4B in Q2 2023, due to lower selling prices.
- Potash operating earnings $174M, down from $328M YoY; Phosphate volumes increased ~100K tonnes sequentially.
- Notable items after tax totaled $334M, mainly foreign currency loss and unrealized derivative losses.
- YTD capital return to shareholders $298M, including $160M in share repurchases.