The Mosaic Company today announced that it will reduce its phosphate production plans by 300,000 tons for the spring season. Mosaic has been monitoring U.S. markets and NOLA DAP prices, and has decided to reduce production due to continued weather concerns across key U.S. growing regions, along with higher than normal carryover inventory levels from the fall. Mosaic believes the current margin structure does not reflect [...]
The Mosaic Company , reported fourth quarter and full year 2018 results and announced an increase of its annual dividend target to $0.20 per share. “Mosaic delivered strong fourth quarter results to complete a year of significant accomplishments and operational excellence,” said President and Chief Executive Officer Joc O’Rourke. “We are capturing the full benefit of improved market conditions, and [...]
The Mosaic Company plans to release 2018 full year and fourth quarter earnings results on Monday, February 25th, 2019, after the market close of the New York Stock Exchange. Mosaic expects to post performance data on its website in a tabular form immediately following the release of earnings. Historical performance data is currently available at www.mosaicco.com/investor/financialdata. The Company will host a conference [...]
The Mosaic Company today announced that it has entered into a memorandum of understanding with Sinochem, China’s largest agricultural inputs company. As part of the MOU, Sinochem intends to purchase phosphate rock and phosphate fertilizers, including premium products, from Mosaic. “We are pleased to build on our promising relationship with Sinochem,” said Mosaic President and CEO Joc O’Rourke [...]
The Mosaic Company today announced that it has acquired the U.S. Army Corps of Engineers 404 permit for its Ona phosphate mine project in Hardee County, Florida. This was the final remaining permit for the project and secures 160.2 million tons of phosphate rock for future mining. The overall project covers 22,483 acres with 16,778 acres of land permitted for mining. The western extent of the project will extend the life [...]
The Mosaic Company announced today that its Board of Directors declared a quarterly dividend of $0.025 per share on the Company’s common stock. The dividend will be paid on March 21, 2019, to stockholders of record as of the close of business on March 7, 2019. 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 [...]
Mosaic has reached a major milestone in the development of our multi-year mine project at Esterhazy K3. As of December 18, 2018, we commissioned the production hoist and sent the first bucket of potash on the overland conveyor to the Esterhazy K2 mill. The commissioning of the K3 production hoist takes us one step closer to mitigating Esterhazy’s brine inflow costs and risk. The hoist will move 60-ton skips, capable [...]
The Mosaic Company has announced that Joc O’Rourke, Mosaic’s President and Chief Executive Officer, will present at Citi’s 2018 Basic Materials Conference in New York, on Tuesday, November 27, 2018, at 2:45 p.m. Eastern Standard Time. The event will be webcast live, and available on the Company’s. An archive will also be available on the Company’s website. Questions can be directed to [...]
The Mosaic Company has announced it will participate in the Morgan Stanley Global Chemicals & Agriculture Conference. Clint Freeland, Mosaic’s Senior Vice President and Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Chemicals & Agriculture Conference in Boston on Tuesday, November 13, 2018, at 12:30 p.m. Eastern Time. The event will be webcast live, and available on the [...]
The Mosaic Company today reported third quarter 2018 net earnings of $247 million. Adjusted EBITDA during the quarter was $606 million, up sequentially and year-over-year. Third quarter diluted earnings per share were $0.64, which included a negative impact of $0.11 per share from notable items, primarily related to discrete tax items and costs associated with the Vale Fertilizantes acquisition. Adjusted EPS during the [...]
The Mosaic Company today announced several changes to its Senior Leadership Team, all effective January 1, 2019: Walt Precourt, currently Senior Vice President – Phosphates, will become Senior Vice President – Strategy and Growth. This new group will include Mosaic’s Business Development and Market and Strategic Analysis teams. Mr. Precourt joined Mosaic in 2009 to lead the company’s Environment [...]
The Mosaic Company plans to release 2018 third quarter earnings results on Monday, November 5, 2018, after the market close of the New York Stock Exchange. Mosaic expects to post performance data on its website in a tabular form immediately following the release of earnings. Historical performance data is currently available at www.mosaicco.com/investor/financialdata. The Company will host a conference call to discuss the [...]
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