Mosaic Q2 Revenue Misses, Adjusted EPS Beats; Warns of Lingering Headwinds
MOS is trading near its 52-week low of $19.795 (13% above the low).
Summary
Mosaic's Q2 revenue fell to $2.82B, missing the $3.1B consensus, while adjusted EPS of 13 cents edged past the 12-cent estimate. The company swung to a $272.8M net loss, weighed by $351M in pre-tax items including mark-to-market adjustments and write-offs. CEO Bruce Bodine highlighted phosphate production pullbacks and cost cuts, but warned that raw material cost pressures have persisted into Q3. This follows a brutal Q1 loss and withdrawn guidance in May, and a $1B credit facility secured in June. The adjusted EPS beat offers a small positive, but the revenue miss and cautious outlook reinforce the challenging fertilizer market.
At the time of this announcement, MOS was trading at $22.45 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $19.80 to $37.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.