Mosaic Announces August 2020 Sales Revenues and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its August 2020 sales performance, highlighting a decline in potash and Mosaic Fertilizantes revenues compared to August 2019. Potash sales revenues fell from $198 million to $154 million with a decrease in sales volumes from 755,000 to 741,000 tonnes. In contrast, Mosaic Fertilizantes saw a slight increase in sales volumes from 1,241,000 to 1,266,000 tonnes, but revenues dropped from $499 million to $393 million. Phosphate sales remained stable with revenues of $261 million, slightly down from $262 million.

Positive

• Mosaic Fertilizantes sales volume increased from 1,241,000 to 1,266,000 tonnes.
• Phosphate sales volumes rose from 698,000 to 743,000 tonnes.

Negative

• Potash sales revenues decreased from $198 million to $154 million.
• Mosaic Fertilizantes revenues fell from $499 million to $393 million.

TAMPA, FL / ACCESSWIRE / September 14, 2020 / The Mosaic Company (NYSE:MOS) announced its August 2020 sales revenue and sales volumes by business unit.

Potash(1)	August 2020	August 2019
Sales Volumes in thousands of tonnes(2)	741	755
Sales Revenues in millions	$154	$198

Mosaic Fertilizantes(1)	August 2020	August 2019
Sales Volumes in thousands of tonnes(2)	1,266	1,241
Sales Revenues in millions	$393	$499

Phosphates(1)	August 2020	August 2019
Sales Volumes in thousands of tonnes(2)	743	698
Sales Revenues in millions	$261	$262

⁽¹⁾The revenues and tonnes presented are sales as recognized in the month and do not reflect current market conditions due to the delays between pricing and revenue recognition.
⁽²⁾Tonnes = finished product tonnes

About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

The Mosaic Company Contacts

Media: Investors:
Ben Pratt
813-775-4206
benjamin.pratt@mosaicco.com

Laura Gagnon
813-775-4214

Paul Massoud
813-244-0669
investor@mosaicco.com

The Mosaic Company

101 E. Kennedy Blvd., Suite 2500
Tampa, FL 33602
www.mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/606045/Mosaic-Announces-August-2020-Sales-Revenues-and-Volumes

FAQ

What were Mosaic's potash sales figures for August 2020?

In August 2020, Mosaic's potash sales revenues were $154 million, with sales volumes of 741,000 tonnes.

How did Mosaic Fertilizantes perform in August 2020 compared to August 2019?

Mosaic Fertilizantes reported sales volumes increased to 1,266,000 tonnes in August 2020, but revenues decreased to $393 million from $499 million in August 2019.

What were the phosphate sales revenues for Mosaic in August 2020?

Mosaic's phosphate sales revenues in August 2020 were $261 million, slightly down from $262 million in August 2019.