Mosaic full-year net income $1.2B, Q4 EPS $1.11; potash curtailment at Colonsay

MOSAIC CO

2023-FY EPS reported $3.50 revenue$13,696,100,000

Full-year 2023 net income $1.2B, diluted EPS $3.50; adjusted EBITDA $2.8B; revenues $13.7B (-28% YoY).
Q4 net income $365M, diluted EPS $1.11; adjusted diluted EPS $0.71; revenues $3.15B.
Potash operating earnings $1.2B in 2023; production curtailed at Colonsay mine due to weak market.
FY2023 cash from operations $2.4B, free cash flow $795M; returned $1.1B to shareholders via buybacks and dividends.
Completed $900M debt refinancing; Q4 MOP fob mine price fell to $243/tonne.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

MOSAIC CO reported fourth quarter and full year ended December 31, 2023 results: revenue $13.7 billion, net income $1.2 billion, EPS $3.50.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $13.7 billion
Net income: $1.2 billion
EPS: $3.50
Result: reported results

Exact text from the filing

products, growing our leading presence in Brazil, and enhancing the overall efficiency of our operations". Highlights: • Full year revenues declined 28 percent year-over-year to $13.7 billion, reflecting the impact of lower selling prices. The gross margin rate in 2023 was 16 percent, down from 30 percent in 2022. • Net Income in 2023 totaled $1.2 billion, declining

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Source: SEC EDGAR

accession 0002004032-24-000003

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