The Mosaic Company released its financial results for third quarter 2023. The company's earnings release and supplemental materials are available at https://investors.mosaicco.com/financials/quarterly-results. Mosaic will present a fireside chat addressing investor questions during a conference call on Wednesday, November 8 at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at [...]
Yesterday and today, the U.S. Department of Commerce announced the final results of the first annual administrative reviews of the countervailing duty orders on phosphate fertilizers from Russia and Morocco. Commerce increased the CVD rate for Russian producer PhosAgro from 9.19% to 28.50% and decreased the CVD rate for Moroccan producer OCP from 19.97% to 2.12%. The Mosaic Company provided the following comments: "We are [...]
The Mosaic Company announced today that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company's common stock. The dividend will be paid on December 21, 023, to stockholders of record as of the close of business on December 7, 2023. The declaration and payment of any future dividends is subject to approval by Mosaic's Board of Directors. There can be no assurance that the Company's Board of [...]
The Mosaic Company plans to release third quarter 2023 earnings results on Tuesday, November 7, after close of trading on the New York Stock Exchange. The company will issue a news wire alert when earnings materials are publicly available on the company's website. On Wednesday, November 8, beginning at 11:00 a.m. Eastern Time, the company will host a conference call to discuss the results and answer questions submitted [...]
Today, The Mosaic Company commented on a ruling from the U.S. Court of International Trade , which remanded the U.S. International Trade Commission's injury finding back to the ITC for reconsideration. CIT appeals are common in trade remedy cases, and in most cases remanded to the ITC for reconsideration, the original finding of injury is affirmed. In OCP S.A. et al. v. United States, the CIT remanded on one specific [...]
The Mosaic Company today announced that Joc O'Rourke intends to retire and that Mosaic's Board of Directors has unanimously elected Bruce Bodine, currently SVP - North America, to succeed Mr. O'Rourke as the Company's Chief Executive Officer on January 1, 2024. Mr. O'Rourke relinquished the title of President effective immediately and will resign as CEO and a member of the Mosaic Board of Directors effective December 31 [...]
The Mosaic Company announced today that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company's common stock. The dividend will be paid on September 21, 2023, to stockholders of record as of the close of business on September 7, 2023. The declaration and payment of any future dividends is subject to approval by Mosaic's Board of Directors. There can be no assurance that the Company's Board [...]
The Mosaic Company released its financial results for second quarter 2023. The company's earnings release, market update, and supplemental materials are available at https://investors.mosaicco.com/financials/quarterly-results. Mosaic will present a fireside chat addressing investor questions during a conference call on Wednesday, August 2 at 11:00 a.m. Eastern Time, accessible both through Mosaic's website at [...]
The Mosaic Company plans to release second quarter 2023 earnings results on Tuesday, August 1, 2023, after close of trading on the New York Stock Exchange. The company will issue a news wire alert when earnings materials are publicly available on the company's website. On Wednesday, August 2, beginning at 11:00 a.m. Eastern Time, the company will host a conference call to discuss the results and answer questions submitted [...]
The Mosaic Company announced its combined April and May 2023 sales volumes and revenue by business unit. Potash April/May 2023 April/May 2022 Sales Volumes in thousands of tonnes 1,617 1,436 Sales Revenues in millions $672 $976 Phosphates April/May 2023 April/May 2022 Sales Volumes in thousands of tonnes 1,329 959 Sales Revenues in millions $948 $1,027 Mosaic Fertilizantes April/May 2023 April/May 2022 Sales Volumes in [...]
The Mosaic Company today announced that it has closed on a new $700 million 10-year term loan facility through the Farm Credit System. Uniquely available to agribusiness participants, this facility provides attractive terms that include a delayed draw option and prepayment with no penalty. The initial interest rate under the agreement is 175 basis points over the Secured Overnight Financing Rate. "Mosaic's financial [...]