THE MOSAIC COMPANY: Mosaic Announces April 2021 Sales Revenue and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its sales revenue and volumes for April 2021. In the Potash segment, sales volumes decreased to 741,000 tonnes from 914,000 tonnes in April 2020, generating $198 million in revenue, slightly down from $200 million. Conversely, Mosaic Fertilizantes saw sales volumes drop to 459,000 tonnes from 592,000 tonnes, but revenue increased to $205 million from $173 million. The Phosphates segment reported stable sales volumes of 744,000 tonnes and a significant revenue rise to $407 million from $258 million. Other remarks include logistical delays impacting volume recognition.

Positive

• Mosaic Fertilizantes revenue rose to $205 million from $173 million year-on-year.
• Phosphates segment revenue increased significantly to $407 million from $258 million.

Negative

• Potash sales volumes fell to 741,000 tonnes from 914,000 tonnes year-on-year.
• Potash revenue decreased slightly from $200 million to $198 million.
• Mosaic Fertilizantes sales volumes dropped to 459,000 tonnes from 592,000 tonnes.

TAMPA, FL / ACCESSWIRE / May 13, 2021 / The Mosaic Company (NYSE:MOS) announced its April 2021 sales revenue and sales volumes by business unit.

Potash(1)	April 2021	April 2020
Sales volumes in thousands of tonnes(2)(3)	741	914
Sales revenue in millions	$198	$200

Mosaic Fertilizantes(1)	April 2021	April 2020
Sales volumes in thousands of tonnes(2)	459	592
Sales revenue in millions	$205	$173

Phosphates(1)	April 2021	April 2020
Sales volumes in thousands of tonnes(2)	744	751
Sales revenue in millions	$407	$258

⁽¹⁾ The revenue 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⁾ April 2021 volumes reflect Canpotex logistical delays

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/647278/THE-MOSAIC-COMPANY-Mosaic-Announces-April-2021-Sales-Revenue-and-Volumes

FAQ

What are The Mosaic Company's sales figures for April 2021?

The Mosaic Company reported total revenues of $198 million from Potash, $205 million from Mosaic Fertilizantes, and $407 million from Phosphates for April 2021.

How did The Mosaic Company's sales volumes change in April 2021?

In April 2021, Potash sales volumes decreased to 741,000 tonnes, Mosaic Fertilizantes to 459,000 tonnes, while Phosphates remained stable at 744,000 tonnes.

What year-on-year revenue changes did The Mosaic Company experience in April 2021?

Mosaic Fertilizantes revenue increased from $173 million to $205 million, and Phosphates revenue rose from $258 million to $407 million, while Potash revenue slightly decreased from $200 million to $198 million.

What factors affected The Mosaic Company's sales figures in April 2021?

The sales figures were impacted by logistical delays in the Potash segment, which affected volume recognition.