Mosaic Announces October and November 2024 Revenues and Sales Volumes
Mosaic Company (NYSE:MOS) has reported its October and November 2024 sales performance across segments. Potash segment saw sales volumes decline to 1,228K tonnes from 1,638K tonnes, with revenues dropping to $299M from $506M. Phosphates segment recorded sales volumes of 946K tonnes versus 1,019K tonnes, with revenues slightly up at $680M from $677M. Mosaic Fertilizantes showed growth with sales volumes of 1,640K tonnes compared to 1,472K tonnes, generating revenues of $823M versus $811M.
Performance was impacted by hurricanes Helene and Milton affecting phosphate production, while Canadian rail and port strikes delayed Potash shipments. The company has secured a third ammonia supply agreement to enhance raw materials reliability.
Mosaic Company (NYSE:MOS) ha riportato le performance di vendita di ottobre e novembre 2024 suddivise per segmento. Il segmento Potassio ha registrato un calo dei volumi di vendita, scendendo a 1.228K tonnellate rispetto alle 1.638K tonnellate, con i ricavi che sono diminuiti a $299M da $506M. Il segmento Fosfati ha registrato volumi di vendita di 946K tonnellate contro 1.019K tonnellate, con i ricavi che sono aumentati leggermente a $680M rispetto a $677M. Mosaic Fertilizantes ha mostrato una crescita con volumi di vendita di 1.640K tonnellate rispetto alle 1.472K tonnellate, generando ricavi di $823M rispetto a $811M.
Le performance sono state influenzate dagli uragani Helene e Milton che hanno impattato la produzione di fosfati, mentre gli scioperi ferroviari e portuali in Canada hanno ritardato le spedizioni di potassio. L'azienda ha assicurato un terzo accordo di fornitura di ammoniaca per migliorare l'affidabilità delle materie prime.
Mosaic Company (NYSE:MOS) ha informado sobre su desempeño de ventas en octubre y noviembre de 2024 por segmentos. El segmento de Potasa vio caer los volúmenes de ventas a 1,228K toneladas desde 1,638K toneladas, con ingresos que cayeron a $299M desde $506M. El segmento de Fosfatos registró volúmenes de ventas de 946K toneladas en comparación con 1,019K toneladas, con ingresos ligeramente aumentados a $680M desde $677M. Mosaic Fertilizantes mostró un crecimiento con volúmenes de ventas de 1,640K toneladas en comparación con 1,472K toneladas, generando ingresos de $823M frente a $811M.
El desempeño se vio afectado por los huracanes Helene y Milton que impactaron la producción de fosfatos, mientras que las huelgas en ferrocarriles y puertos de Canadá retrasaron los envíos de potasa. La empresa ha asegurado un tercer acuerdo de suministro de amoníaco para mejorar la confiabilidad de las materias primas.
Mosaic Company (NYSE:MOS)는 2024년 10월과 11월의 부문별 판매 성과를 보고했습니다. 칼륨 부문은 판매량이 1,228K톤으로 줄어들었고, 이는 1,638K톤에서 감소한 수치로, 수익은 $299M로 줄어들었으며, 이전의 $506M에서 감소했습니다. 인산염 부문은 판매량이 946K톤으로 줄어들었으며, 이는 1,019K톤에서 감소한 수치로, 수익은 $680M로 소폭 증가하여 $677M에서 증가했습니다. Mosaic Fertilizantes는 판매량이 1,640K톤으로 증가했으며, 이는 1,472K톤에서 증가한 수치로 수익은 $823M로 증가했으며, 이전에는 $811M이었습니다.
성과는 인산염 생산에 영향을 미친 허리케인 헬렌과 밀턴으로 인해 영향을 받았으며, 캐나다의 철도 및 항구 파업으로 칼륨 선적이 지연되었습니다. 회사는 원자재 신뢰성을 향상시키기 위해 세 번째 암모니아 공급 계약을 체결했습니다.
Mosaic Company (NYSE:MOS) a rapporté les performances de vente d'octobre et novembre 2024 par segments. Le segment Potasse a vu ses volumes de vente diminuer à 1,228K tonnes contre 1,638K tonnes, avec un chiffre d'affaires chutant à 299M $ contre 506M $. Le segment Phosphates a enregistré des volumes de vente de 946K tonnes contre 1,019K tonnes, avec un chiffre d'affaires légèrement en hausse à 680M $ contre 677M $. Mosaic Fertilizantes a montré une croissance avec des volumes de vente de 1,640K tonnes comparé à 1,472K tonnes, générant des revenus de 823M $ contre 811M $.
Les performances ont été affectées par les ouragans Helene et Milton qui ont touché la production de phosphates, tandis que les grèves dans les chemins de fer et les ports canadiens ont retardé les expéditions de potasse. L'entreprise a sécurisé un troisième accord d'approvisionnement en ammoniaque pour améliorer la fiabilité des matières premières.
Mosaic Company (NYSE:MOS) hat die Verkaufsleistung für Oktober und November 2024 nach Segmenten berichtet. Im Kalium-Segment sanken die Verkaufsvolumina auf 1.228K Tonnen von 1.638K Tonnen, wobei die Einnahmen von 506M $ auf 299M $ fielen. Das Phosphat-Segment verzeichnete Verkaufsvolumina von 946K Tonnen im Vergleich zu 1.019K Tonnen, wobei die Einnahmen leicht auf 680M $ von 677M $ anstiegen. Mosaic Fertilizantes zeigte ein Wachstum mit Verkaufsvolumina von 1.640K Tonnen im Vergleich zu 1.472K Tonnen, was zu Einnahmen von 823M $ im Vergleich zu 811M $ führte.
Die Leistung wurde durch die Hurrikane Helene und Milton, die die Phosphat-Produktion beeinträchtigten, sowie durch die Streiks bei Eisenbahnen und Häfen in Kanada, die die Kalium-Verschiffungen verzögerten, beeinträchtigt. Das Unternehmen hat eine dritte Ammoniak-Liefervereinbarung abgeschlossen, um die Zuverlässigkeit der Rohstoffe zu verbessern.
- Slight revenue increase in Phosphates segment to $680M from $677M
- Mosaic Fertilizantes showed growth in both volumes (11.4%) and revenues (1.5%)
- Secured third ammonia supply agreement enhancing supply chain reliability
- Potash sales volumes decreased 25% year-over-year
- Potash revenues declined 41% to $299M from $506M
- Phosphate sales volumes dropped 7.2% due to hurricane disruptions
- Additional logistics costs incurred in Potash segment due to strikes
Insights
Potash segment shows concerning metrics with sales volumes dropping
The new ammonia supply agreement strengthens vertical integration but may not offset near-term operational challenges. The compounding effects of weather disruptions and labor strikes suggest Q4 earnings could face significant pressure, though some Canpotex shipments may recover by quarter-end. The divergence between volume declines and revenue impacts across segments points to complex market dynamics affecting pricing power and operational efficiency.
The operational disruptions highlight significant vulnerabilities in Mosaic's supply chain infrastructure. The dual impact of natural disasters (Hurricanes Helene and Milton) on phosphate operations and labor disputes affecting Canpotex logistics represents a perfect storm of supply chain challenges. The successful execution of a third ammonia supply agreement demonstrates proactive risk management, but the immediate logistics hurdles have created substantial bottlenecks.
The Canpotex shipping delays particularly expose the risks of concentrated logistics channels in the Canadian distribution network. While the company expects volume recovery by quarter-end, the additional logistics costs incurred to mitigate strike impacts will compress margins. This situation underscores the need for diversified shipping routes and robust contingency planning. The volume-to-revenue ratios across segments suggest varying degrees of supply chain efficiency and pricing power in different markets.
TAMPA, FL / ACCESSWIRE / December 23, 2024 / The Mosaic Company (NYSE:MOS) today announced its combined October and November 2024 sales volumes and revenue by business segment.
Potash | Oct./Nov. 2024 | Oct./Nov. 2023 |
Sales volumes (000 tonnes (1)) | 1,228 | 1,638 |
Sales revenues (million USD) | ||
Phosphates | Oct./Nov. 2024 | Oct./Nov. 2023 |
Sales volumes (000 tonnes (1)) | 946 | 1,019 |
Sales revenues (million USD) | ||
Mosaic Fertilizantes | Oct./Nov. 2024 | Oct./Nov. 2023 |
Sales Volumes (000 tonnes (1)) | 1,640 | 1,472 |
Sales Revenues (million USD) |
(1)Tonnes = finished product tonnes
Phosphate sales volumes in the first two months of the fourth quarter of 2024 reflect the impact of lost production and shipments related to hurricanes Helene and Milton.
Potash sales volumes in the first two months of the fourth quarter of 2024 reflect a delay in Canpotex shipments caused by Canadian rail and port strikes which are expected to be recovered by the end of the quarter. Potash revenues for the first two months of the fourth quarter were impacted by additional Canpotex logistics costs incurred to mitigate volume losses from the strikes.
Mosaic has successfully completed a third ammonia supply agreement in line with our strategy to ensure raw materials supply reliability and competitiveness.
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.
Mosaic will publish a market update on the company's investor relations website immediately after this press release. Mosaic - Market Education (mosaicco.com)
The Mosaic Company Contacts |
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Investors: | Media: |
Jason Tremblay 813-775-4226 Joan Tong, CFA, 863-640-0826 | Ben Pratt, 813-775-4206 |
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This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about proposed or pending transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: political and economic instability and changes in government policies in countries in which we have operations; the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; the effect of future product innovations or development of new technologies on demand for our products; changes in foreign currency and exchange rates; international trade risks and other risks associated with Mosaic's international operations and those of joint ventures in which Mosaic participates, including the performance of MWSPC, the future success of current plans for MWSPC and any future changes in those plans; risks related to the anticipated value of the Ma'aden shares to be issued in the proposed transaction at transaction announcement and at closing, the expected timing and likelihood of completion of the pending Ma'aden transaction, including the 5 inability to receive the required approval by Ma'aden shareholders and other approvals, including potential regulatory approvals, necessary to complete the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable agreement; the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of Ma'aden and MWSPC; difficulties with realization of the benefits of our natural gas based pricing ammonia supply agreement with CF Industries, Inc., including the risk that the cost savings initially anticipated from the agreement may not be fully realized over its term or that the price of natural gas or ammonia during the term are at levels at which the pricing is disadvantageous to Mosaic; customer defaults; the effects of Mosaic's decisions to exit business operations or locations; changes in government policy; changes in environmental and other governmental regulation, including expansion of the types and extent of water resources regulated under federal law, carbon taxes or other greenhouse gas regulation, implementation of numeric water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River basin, the Gulf of Mexico or elsewhere; further developments in judicial or administrative proceedings, or complaints that Mosaic's operations are adversely impacting nearby farms, business operations or properties; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic's processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River basin, the Gulf Coast of the United States, Canada or Brazil, and including potential hurricanes, excess heat, cold, snow, rainfall or drought; actual costs of various items differing from management's current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, Canadian resources taxes and royalties; reduction of Mosaic's available cash and liquidity, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inflows at Mosaic's potash mines; other accidents and disruptions involving Mosaic's operations, including potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; and risks associated with cyber security, including reputational loss; as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.
SOURCE: The Mosaic Company
View the original press release on accesswire.com
FAQ
How did hurricanes Helene and Milton impact MOS phosphate production in Q4 2024?
What were MOS Potash segment revenues for October-November 2024?
How did Canadian rail and port strikes affect MOS Potash shipments in Q4 2024?
What was the performance of MOS Fertilizantes segment in Oct-Nov 2024?
How many ammonia supply agreements does MOS now have in place?
