Mosaic Announces February 2021 Sales Revenues and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its February 2021 sales revenue and volumes, indicating growth in its potash and phosphates segments compared to February 2020. For potash, sales volumes reached 617,000 tonnes, generating $143 million in revenue, an increase from 489,000 tonnes and $118 million in February 2020. Mosaic Fertilizantes saw 711,000 tonnes in sales volumes and $261 million in revenues, slightly up from 737,000 tonnes and $255 million the previous year. Phosphates also experienced growth with 614,000 tonnes sold generating $297 million.

Positive

• Potash sales volumes increased to 617,000 tonnes from 489,000 tonnes YoY.
• Potash revenue rose to $143 million, up from $118 million YoY.
• Mosaic Fertilizantes sales volumes at 711,000 tonnes, compared to 737,000 tonnes YoY.
• Mosaic Fertilizantes revenue improved to $261 million from $255 million YoY.
• Phosphate sales volumes increased to 614,000 tonnes from 532,000 tonnes YoY.
• Phosphate revenue grew to $297 million from $172 million YoY.

Negative

• Mosaic Fertilizantes sales volumes decreased from 737,000 tonnes to 711,000 tonnes YoY.

TAMPA, FL / ACCESSWIRE / March 10, 2021 / The Mosaic Company (NYSE:MOS) announced its February 2021 sales revenue and sales volumes by business unit.

Potash(1)		February 2021				February 2020
Sales Volumes in thousands of tonnes(2)			617				489
Sales Revenues in millions		$	143			$	118

Mosaic Fertilizantes(1)		February 2021				February 2020
Sales Volumes in thousands of tonnes(2)			711				737
Sales Revenues in millions		$	261			$	255

Phosphates(1)		February 2021				February 2020
Sales Volumes in thousands of tonnes(2)			614				532
Sales Revenues in millions		$	297			$	172

⁽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, 813-775-4260
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/634491/Mosaic-Announces-February-2021-Sales-Revenues-and-Volumes

FAQ

What are the sales revenues reported by Mosaic for February 2021?

Mosaic reported sales revenues of $143 million for potash, $261 million for Mosaic Fertilizantes, and $297 million for phosphates in February 2021.

How did Mosaic's potash sales volumes perform in February 2021 compared to 2020?

Mosaic's potash sales volumes increased to 617,000 tonnes in February 2021, up from 489,000 tonnes in February 2020.

What was the change in revenue for Mosaic Fertilizantes in February 2021?

Mosaic Fertilizantes saw an increase in revenue to $261 million in February 2021, compared to $255 million in February 2020.

Did Mosaic experience growth in phosphate sales volumes in February 2021?

Yes, Mosaic's phosphate sales volumes grew to 614,000 tonnes in February 2021, up from 532,000 tonnes in February 2020.

What was the total revenue from phosphate sales in February 2021?

Mosaic reported total revenue of $297 million from phosphate sales in February 2021.