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
NKE Earnings: Nike reports lower sales for Q3 2025
NIKE, Inc. (NYSE: NKE) has reported a decline in earnings for the third quarter of 2025, hurt by a slowdown in sales across all major markets and operating segments. The
NIO Infographic: A snapshot of Nio’s Q4 2024 earnings report
China-based electric car maker NIO Inc. (NYSE: NIO) on Friday reported a net loss for the fourth quarter of 2024. Revenues increased by double-digits during the three months. Total revenues
Infographic: How FedEx (FDX) performed in Q3 2025
FedEx Corp. (NYSE: FDX) reported revenue of $22.2 billion for the third quarter of 2025, up 2% compared to the same quarter a year ago. GAAP net income was $909
