The Mosaic Company - MOS STOCK NEWS

The Mosaic Company (NYSE:MOS) reported its sales revenue and volumes for August 2021, showing mixed results across its business units. In Potash, sales volumes decreased to 610,000 tonnes from 741,000 tonnes year-on-year, but sales revenue rose to $196 million compared to $154 million in August 2020. Mosaic Fertilizantes also experienced a volume decline to 1,134,000 tonnes, while revenue increased to $602 million. Conversely, Phosphates faced a volume drop to 666,000 tonnes, but revenue surged to $465 million, up from $261 million the previous year.

The Mosaic Company (NYSE:MOS) disclosed that its North American phosphate operations will face disruptions due to Hurricane Ida, with repairs expected to take 8 to 9 weeks. An estimated production loss of approximately 300,000 tonnes is predicted in Q3, alongside ongoing production challenges. While Q4 operating rates may improve, they are anticipated to remain below historical levels. Additionally, navigational issues on the Mississippi River could hinder logistical operations during the busy fall application season. Mosaic also initiated a $100,000 disaster relief grant for affected communities.

The Mosaic Company (NYSE:MOS) has announced key financial maneuvers including a $1 billion share repurchase authorization, a significant paydown of $450 million in debt due November 2021, and the establishment of a $2.5 billion line of credit maturing in 2026. The new repurchase plan replaces the prior authorization, demonstrating the company's ongoing commitment to returning capital to shareholders while working to retire $1 billion of debt over time. These steps are supported by strong cash flow and aim to strengthen Mosaic's balance sheet.

The Mosaic Company (NYSE:MOS) declared a quarterly dividend of $0.075 per share on August 19, 2021. This dividend will be paid on September 16, 2021, to stockholders of record as of the close of business on September 2, 2021. Future dividends are subject to the Board of Directors' approval, and there is no assurance of continued dividends. The Mosaic Company is a leading producer of phosphate and potash crop nutrients, serving the global agriculture industry.

The Mosaic Company (NYSE:MOS) reported its July 2021 sales revenue and volumes across its business units. In Potash, sales volumes decreased to 629,000 tonnes from 743,000 tonnes in July 2020, while revenue rose to $191 million from $154 million. In Mosaic Fertilizantes, sales volumes slightly decreased to 1,197,000 tonnes from 1,201,000 tonnes, with revenue increasing to $585 million from $385 million. Phosphate sales volumes dropped to 597,000 tonnes from 676,000 tonnes, but revenue surged to $407 million from $233 million.

The Mosaic Company (NYSE:MOS) partners with the Tampa Bay Buccaneers to combat hunger in Tampa Bay by establishing five food pantries over the next five years. The first pantry is set to open at Broward Elementary School in October, serving around 300 families. This initiative, inspired by Mosaic's mission to address food insecurity, aims to improve access to nutritious food. Both organizations will also contribute $10 for each tackle made during the Buccaneers' 2021 season to Feeding Tampa Bay, building on Mosaic's ongoing support for local hunger relief efforts.

The Mosaic Company (NYSE:MOS) announced its second quarter earnings for 2021, revealing significant financial updates. The earnings release, along with prepared comments and supplemental materials, is available on their investor website. A Market Update presentation from August 2021 is also accessible. Additionally, Mosaic will host a conference call on August 3 at 11:00 a.m. ET to address investor inquiries. This call can be accessed via the company's website and will be available for replay. For further details, visit Mosaic's investor page.

The Mosaic Company (NYSE:MOS) is set to release its 2021 second quarter earnings on August 2, 2021, after the market closes. The earnings materials, including commentary and performance data, will be available on their website. Shareholders can submit questions until 7:30 p.m. Eastern on the same day. A conference call is scheduled for August 3 at 11:00 a.m. Eastern, where the leadership team will address these queries. More details are provided on Mosaic's investor relations page.

The Mosaic Company (NYSE:MOS) has announced the submission of an early redemption notice for its $450 million 3.75% senior notes, set to be called at par on August 15, 2021. This follows the company's commitment to reduce long-term debt by $1 billion, with this action deemed a key first step. The annual interest expense for these bonds was approximately $17 million. The company aims to balance its capital allocation among strengthening its balance sheet, business investments, and shareholder returns.