13 August 2024 | 5:05PM EDT Mosaic Co. (MOS): Management meeting highlights Phosphate market optimism and cost initiatives; Buy We hosted a virtual meeting with MOS management today (8/13), including CEO Bruce Bodine, CFO Clint Freeland, and EVP of Commercial Jenny Wang, Overall, we come away encouraged by management's optimism on Phosphate (P) markets and internal production/cost initiatives as we head into the 2H. The discussion focused primarily on MOS' P operations, where management emphasized tight glo ...

Even after missing net income expectations and posting a net loss of $162 million in the past quarter, shares of Mosaic Co. NYSE: MOS still warrant a double-digit upside from where they trade today. At least, that is what Wall Street analysts currently expect, as stock valuations are often forward-looking and not wholly based on the present data.Mosaic TodayMOSMosaic$26.40 -0.42 (-1.57%) 52-Week Range$26.09▼$42.81Dividend Yield3.18%P/E Ratio11.23Price Target$36.42Add to WatchlistIn the case of Mosaic, the a ...

The Mosaic Company (NYSE:MOS) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Jason Tremblay - VP, Finance, Strategy & Digital Transformation Bruce Bodine - President and CEO Jenny Wang - EVP, Commercial Conference Call Participants Ben Isaacson - Scotiabank Vincent Andrews - Morgan Stanley Joel Jackson - BMO Capital Markets Steve Byrne - Bank of America Adam Samuelson - Goldman Sachs Chris Parkinson - Wolfe Research Ben Theurer - Barclays Edlain Rodriguez - Mizuho Lucas Bea ...

Financial Performance - For the three months ended June 30, 2024, Mosaic reported a net loss of $(161.5) million, or $(0.50) per diluted share, compared to net income of $369.0 million, or $1.11 per diluted share for the same period in 2023[110]. - For the six months ended June 30, 2024, Mosaic reported a net loss of $(116.3) million, or $(0.36) per diluted share, compared to net earnings of $800.0 million, or $2.39 per diluted share for the same period in 2023[113]. - Net sales for the three months ended June 30, 2024 decreased by 17% to $2,816.6 million, driven primarily by lower average selling prices[109]. - For the six months ended June 30, 2024, net sales were $2.3 billion, a decrease from $2.7 billion in the same period of 2023, primarily due to lower sales volumes[120]. Segment Performance - The Phosphate segment's operating results for the three months ended June 30, 2024 were negatively impacted by lower sales volumes due to planned maintenance and turnaround activity[110]. - The Potash segment experienced lower average selling prices due to a rebound in global supply, although sales volumes increased due to strong demand in North America[112]. - The Phosphate segment's net sales decreased to $1.2 billion for the three months ended June 30, 2024, down from $1.3 billion in the same period of 2023, primarily due to lower finished goods sales volumes[117]. - The Potash segment's net sales decreased to $663.1 million for the three months ended June 30, 2024, down from $848.7 million in the same period a year ago, primarily due to lower selling prices impacting net sales by approximately $250 million[125]. - The Mosaic Fertilizantes segment's net sales decreased to $1.0 billion for the three months ended June 30, 2024, from $1.4 billion in the same period a year ago, primarily due to lower finished product sales prices[130]. Gross Margin and Earnings - The gross margin for the three months ended June 30, 2024 was $394.0 million, representing a gross margin percentage of 14%, down from 17% in the prior year[109]. - Operating earnings for the three months ended June 30, 2024 were $233.3 million, a decrease of 37% compared to $369.2 million in the prior year[109]. - Gross margin for the Phosphate segment decreased to $153.7 million for the three months ended June 30, 2024, from $216.2 million in the same period of 2023[119]. - Gross margin for the Potash segment decreased to $186.4 million for the three months ended June 30, 2024, from $336.0 million in the same period of the prior year, a decline of 45%[125]. - Gross margin for the Mosaic Fertilizantes segment increased to $101.8 million for the three months ended June 30, 2024, from $12.8 million in the same period of the prior year, reflecting improved cost management[130]. Shareholder Returns - During the quarter ended June 30, 2024, Mosaic repurchased 1,835,788 shares of Common Stock for approximately $52.0 million at an average price of $28.33[112]. - The company returned cash to shareholders through share repurchases of $160.4 million and cash dividends of $137.4 million during the six months ended June 30, 2024[148]. Cash Flow and Debt - Net cash provided by operating activities was $767.0 million for the six months ended June 30, 2024, a decrease of 37% from $1.2 billion in the prior year[152]. - Net cash used in investing activities was $736.8 million for the six months ended June 30, 2024, compared to $532.9 million in the prior year, with capital expenditures of $716.9 million[153]. - As of June 30, 2024, the company had cash and cash equivalents of $322.0 million, short-term debt of $0.9 billion, long-term debt of approximately $3.3 billion, and stockholders' equity of approximately $11.8 billion[148]. Foreign Currency and Commodity Risks - The foreign currency transaction loss for the three months ended June 30, 2024 was $(267.9) million, compared to a gain of $148.5 million in the prior year period[110]. - The company is exposed to fluctuations in the purchase price of natural gas, ammonia, and sulfur, which can impact operations[166]. - The company uses derivatives to mitigate foreign currency risks, interest rate risks, and commodity price changes[166]. Regulatory and Legal Matters - The company anticipates potential delays in Florida permitting projects due to recent legal developments regarding CWA 404 permitting[157]. - Regulatory approvals are necessary to complete the transaction, and any denial or delay could impair business operations[187]. - A recent federal court decision invalidated Florida's Clean Water Act 404 permitting program, complicating the receipt of necessary approvals[188].

The Mosaic Company (MOS) reported a net loss of $161.5 million or 50 cents per share in the second quarter of 2024. This marks a deterioration from a profit of $369 million or $1.11 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 54 cents, lagging the Zacks Consensus Estimate of 68 cents.Net sales declined nearly 17% year over year to $2,816.6 million in the quarter. The metric lagged the Zacks Consensus Estimate of $2,930.8 million. Segment HighlightsNet sales in ...

LABURATU The Mosaic Company Second Quarter 2024 Results August 6, 2024 Forward Looking Statements & Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about proposed or pending transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectatio ...

Mosaic (MOS) reported $2.82 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 17%. EPS of $0.54 for the same period compares to $1.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.93 billion, representing a surprise of -3.90%. The company delivered an EPS surprise of -20.59%, with the consensus EPS estimate being $0.68.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

Mosaic (MOS) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20.59%. A quarter ago, it was expected that this fertilizer maker would post earnings of $0.60 per share when it actually produced earnings of $0.65, delivering a surprise of 8.33%.Over the last four quarters, the company h ...

Exhibit 99.2 The Mosaic Company Selected Calendar Quarter Financial Information (Unaudited) | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Consolidated data (in millions, except per share) | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Diluted net earnings (loss) ...

Motortion/iStock via Getty Images Investment Thesis The Mosaic Company (NYSE:MOS) recently announced new projects, including the Esterhazy Hydrofloat project and an 800,000 tonne MicroEssentials capacity conversion. Given the previous headcount growth seen in the last 9 years, new incoming capacity, recent growth in net property, plant & equipment, and ongoing stock repurchases, MOS does exhibit business expansion. Recently, the market seemed to overreact to changes in the price of certain products like ...