Mosaic Announces October 2020 Sales Revenues and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its October 2020 sales performance, revealing notable shifts in sales volumes and revenues across its business units. In Potash, sales volumes rose to 855,000 tonnes from 607,000 tonnes year-over-year, with revenues increasing to $180 million from $158 million. However, Mosaic Fertilizantes saw a drop in sales volumes to 818,000 tonnes from 888,000 tonnes, resulting in a revenue decline to $271 million from $350 million. Phosphate sales showed improvements with volumes up to 712,000 tonnes and revenues at $294 million, compared to 595,000 tonnes and $215 million in October 2019.

Positive

• Potash sales volumes increased to 855,000 tonnes from 607,000 tonnes year-over-year.
• Potash sales revenues rose to $180 million, compared to $158 million in October 2019.
• Phosphate sales volumes improved to 712,000 tonnes from 595,000 tonnes year-over-year.
• Phosphate sales revenues surged to $294 million from $215 million in October 2019.

Negative

• Mosaic Fertilizantes' sales volumes declined to 818,000 tonnes from 888,000 tonnes.
• Sales revenues for Mosaic Fertilizantes fell to $271 million from $350 million year-over-year.

TAMPA, FL / ACCESSWIRE / November 16, 2020 / The Mosaic Company (NYSE:MOS) announced its October 2020 sales revenue and sales volumes by business unit.

Potash(1)	October 2020	October 2019
Sales Volumes in thousands of tonnes(2)	855	607
Sales Revenues in millions	$180	$158

Mosaic Fertilizantes(1)	October 2020	October 2019
Sales Volumes in thousands of tonnes(2) (3)	818	888
Sales Revenues in millions	$271	$350

Phosphates(1)	October 2020	October 2019
Sales Volumes in thousands of tonnes(2)	712	595
Sales Revenues in millions	$294	$215

⁽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

⁽³⁾October MF volumes were impacted by shipment timing related to weather-driven delayed planting but are expected to be recovered later in the quarter. This is a forward-looking statement that is contingent upon the continuation of current operating conditions.

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 via EQS Newswire

View source version on accesswire.com:
https://www.accesswire.com/616628/Mosaic-Announces-October-2020-Sales-Revenues-and-Volumes

FAQ

What were Mosaic's total sales revenues for October 2020?

Mosaic's total sales revenues for October 2020 were $180 million for Potash, $271 million for Mosaic Fertilizantes, and $294 million for Phosphates.

How did Mosaic's sales volumes change year-over-year for October 2020?

In October 2020, Potash sales volumes increased to 855,000 tonnes, Phosphate volumes rose to 712,000 tonnes, while Mosaic Fertilizantes sales volumes decreased to 818,000 tonnes.

What is the stock symbol for The Mosaic Company?

The stock symbol for The Mosaic Company is MOS.

What factors impacted sales volumes for Mosaic Fertilizantes?

Sales volumes for Mosaic Fertilizantes were impacted by shipment timing related to weather-driven delayed planting.