Mosaic Announces January 2021 Sales Revenues and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its January 2021 sales revenue and volumes across its business units. In the Potash segment, sales volumes were 624,000 tonnes, down from 728,000 tonnes in January 2020, leading to revenues of $151 million compared to $170 million the previous year.

For Mosaic Fertilizantes, sales volumes fell to 718,000 tonnes from 752,000 tonnes, resulting in revenues of $262 million versus $281 million in January 2020. However, the Phosphates segment saw increased sales volumes at 741,000 tonnes, up from 599,000 tonnes, with revenues rising to $337 million compared to $198 million in the prior year.

Positive

• Phosphates segment reported a significant increase in sales volumes to 741,000 tonnes from 599,000 tonnes year-over-year.
• Phosphates revenues rose to $337 million, compared to $198 million the previous year.

Negative

• Potash sales volumes decreased to 624,000 tonnes from 728,000 tonnes year-over-year.
• Potash revenues fell to $151 million from $170 million in January 2020.
• Mosaic Fertilizantes sales volumes decreased to 718,000 tonnes from 752,000 tonnes, with revenues declining to $262 million from $281 million.

TAMPA, FL / ACCESSWIRE / February 24, 2021 / The Mosaic Company (NYSE:MOS) announced its January 2021 sales revenue and sales volumes by business unit.

Potash(1)	January 2021	January 2020
Sales Volumes in thousands of tonnes(2)	624	728
Sales Revenues in millions	$151	$170

Mosaic Fertilizantes(1)	January 2021	January 2020
Sales Volumes in thousands of tonnes(2)	718	752
Sales Revenues in millions	$262	$281

Phosphates(1)	January 2021	January 2020
Sales Volumes in thousands of tonnes(2)	741	599
Sales Revenues in millions	$337	$198

⁽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:

Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com

Investors:

Laura Gagnon, 813-775-4214 or
Paul Massoud, 813-775-4260
investor@mosaicco.com

SOURCE: The Mosaic Company

View source version on accesswire.com:
https://www.accesswire.com/631671/Mosaic-Announces-January-2021-Sales-Revenues-and-Volumes

FAQ

What were Mosaic's sales revenues for January 2021?

Mosaic reported sales revenues of $151 million for Potash, $262 million for Mosaic Fertilizantes, and $337 million for Phosphates.

How did Mosaic's sales volumes change in January 2021 compared to January 2020?

Potash sales volumes decreased to 624,000 tonnes from 728,000 tonnes, Mosaic Fertilizantes volumes fell to 718,000 tonnes from 752,000 tonnes, while Phosphates volumes increased to 741,000 tonnes from 599,000 tonnes.

What was the impact of January 2021 on Mosaic's Potash segment?

The Potash segment experienced a decline in sales volumes and revenues, with volumes down to 624,000 tonnes and revenues at $151 million.

What positive trends did Mosaic report for the Phosphates segment?

Mosaic's Phosphates segment saw increased sales volumes and revenues, rising to 741,000 tonnes and $337 million respectively.