secwatch.observer — SEC 8-K summary
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Issuer:     MOSAIC CO (MOS)
CIK:        0001285785
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0002004032-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1285785/000200403224000008/0002004032-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1285785/000200403224000008/mos-20240501.htm
  HTML page:      https://secwatch.observer/filing/0002004032-24-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer