Mosaic Swings to $273M Q2 Loss as Costs Surge, Sales Slip
MOS is trading near its 52-week low of $19.795 (12% above the low).
Summary
Mosaic swung to a $272.8M net loss in Q2, a sharp reversal from $410.7M profit a year ago, as higher raw material costs and lower sales volumes crushed margins. Revenue fell to $2.82B from $3.01B. The Phosphate segment loss widened to $104M, and Mosaic Fertilizantes swung to a $41M operating loss. Potash earnings were flat at $195M. This follows a brutal Q1 loss of $258M and the withdrawal of phosphate guidance in May. The company trimmed 2026 capex to $1.2B from $1.25B, signaling continued cost pressure. Q3 phosphate sales are forecast at 1.1M-1.4M tonnes, potash at 2.0M-2.2M tonnes — traders will watch whether volumes recover or further erode.
At the time of this announcement, MOS was trading at $22.26 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 9 out of 10. Source: dpa-AFX.