Categories Earnings, Industrials

Earnings Summary: A snapshot of Mosaic Company’s Q3 2024 report

The Mosaic Company (NYSE: MOS), a leading producer of concentrated phosphate and potash, Tuesday reported lower sales and adjusted profit for the third quarter of 2024.

  • Adjusted earnings, excluding special items, decreased to $0.34 per share in the third quarter from $0.68 per share in the prior-year quarter
  • On an unadjusted basis, net income was $122.2 million or $0.38 per share, compared to a loss of $4.2 million or $0.01 per share in Q3 2023
  • Revenues totaled $2.8 billion in Q3, down 21% from the year-ago period, primarily reflecting the impact of lower selling prices
  • Third-quarter adjusted EBITDA decreased to $448 million from $594 million in the same period last year
  • The company returned $415 million of capital to shareholders year-to-date, including $210 million of share repurchases
  • The Mosaic Biosciences segment achieved 9 million acres of coverage in key markets so far this year
  • During the quarter, phosphate production returned to full operating capacity after recent impacts from hurricanes

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO

Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top