---
schema_version: "secwatch.filing_event.v1"
accession: "0002004032-24-000008"
form_type: "8-K"
ticker: "MOS"
cik: "0001285785"
company_name: "MOSAIC CO"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:15:18.211504+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mosaic Q1 net earnings plunge to $45M from $435M YoY; revenue down 26%

## Summary
- Net earnings $45M ($0.14 diluted EPS); adjusted EPS $0.65 vs $1.14 prior year.
- Revenue $2.7B, down 26% YoY; gross margin rate 14.9% vs 18.6%.
- Potash operating earnings $198M (down 51% YoY); Phosphate $40M (down 85% YoY).
- Mosaic Fertilizantes posted operating earnings of $42M, vs a loss of $32M last year.
- Announced Ma'aden transaction valuing Mosaic stake at ~$1.5B; returned 88% of FCF to shareholders.

## SEC filing metadata
- accession: 0002004032-24-000008
- form_type: 8-K
- ticker: MOS
- cik: 0001285785
- company_name: MOSAIC CO
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1285785/000200403224000008/0002004032-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1285785/000200403224000008/mos-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002004032-24-000008
- JSON: https://secwatch.observer/filing/0002004032-24-000008.json
- Plain text: https://secwatch.observer/filing/0002004032-24-000008.txt

## Key facts
- Earnings Releases
  MOSAIC CO reported first quarter of 2024 results: revenue $2.7 billion, net income $45 million, EPS $0.14 per diluted share.
  - Period: first quarter of 2024
  - Revenue: $2.7 billion
  - Net income: $45 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: and the completion of previously announced low capital intensity initiatives that build on our strengths." First Quarter Results Highlights: • First quarter revenues totaled $2.7 billion, down 26 percent from the year ago period, reflecting the impact of lower selling prices. The gross margin rate in the first quarter was 14.9 percent, down from 18.6 percent in
  evidence_url: https://www.sec.gov/Archives/edgar/data/1285785/000200403224000008/0002004032-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.