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The Mosaic Company reported net income of $1.2bn, making a 67% YoY decrease, along with an Adjusted EBITDA of $2.8bn, down 56% YoY for FY23. Mosaic’s revenue declined by 28% YoY to $13.7bn negatively affected by lower YoY fertilizer prices. The company’s gross margin decreased from 30% in 2022 to 16% in 2023. In the phosphate segment, revenue dropped by 18% to $1,070mn in 4Q23, while the gross margin fell by 40% YoY to $139mn, and Adj EBITDA was down 26% YoY to $259mn. Despite a 1% YoY increas
Companies: Mosaic Co (MOS:NYSE)Mosaic Company (MOS:NYS)
Hypothesis Research
The Mosaic Company reports $3.6bn revenue, down 8% YoY and $435mn net income, down 63% YoY in 1Q23 on the back of lower product prices. Mosaic reported an 8% YoY revenue decline to $1.4bn in Phosphates driven by an 18% average finished price decrease which was partially covered by 11% YoY sales volume growth to 1.84mt in the segment. Feedstock prices went down from their highest levels in 3Q22 but remained above last year’s levels: ammonia prices were up 14% YoY to $605/t, and blended rock pri
The Mosaic Company has its results just around the corner and it would be interesting to evaluate its last financial performance. The company had delivered mixed results in the last quarter with below par earnings. Its 2022 revenues of $19 billion were largely a result of high prices. K3 has used up all 5.5 million tonnes of its initial capacity. In the quarter, Mosaic's distribution market share increased in Brazil. Performance Products accounted for 43% of all phosphate sales volumes in North
Baptista Research
The Mosaic Company is one of the major producers and marketers of concentrated phosphate and potash crop nutrients. The company’s business has been impacted by the ongoing inflation and supply chain issues and has been reducing its production off-late. The good news is that it has been generating a sizable amount of cash flow, which gives some confidence to the debt holders. Global food security is still a problem. The stock-to-use ratios for grains and oilseeds worldwide are still near 20-year
This is our first report on the Mosaic Company, one of the largest producers and marketers of concentrated phosphate and potash crop nutrients. The company delivered a disappointing set of results in the last quarter failing to meet Wall Street expectations in terms of revenues as well as earnings. The good news is that it did generate a sizable amount of cash flow, which enables the company to return a large amount of capital to shareholders while simultaneously continuing to invest in future g
Research Tree provides access to ongoing research coverage, media content and regulatory news on Mosaic Company. We currently have 9 research reports from 5 professional analysts.
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