The Mosaic Company: Mosaic Announces July 2020 Sales Revenues and Volumes

Rhea-AI Summary

The Mosaic Company (NYSE:MOS) reported its July 2020 sales revenues and volumes, highlighting a decrease in key financial metrics compared to July 2019. Notably, potash sales volumes reached 743,000 tonnes with revenues of $154 million, down from 788,000 tonnes and $212 million in the previous year. Mosaic Fertilizantes saw an increase in sales volumes to 1,201,000 tonnes but a revenue drop to $385 million from $437 million. Phosphates sales volumes increased to 676,000 tonnes, with revenues at $233 million, slightly up from $226 million.

Positive

• Mosaic Fertilizantes' sales volumes increased from 1,029,000 tonnes to 1,201,000 tonnes.
• Phosphates sales volumes rose from 578,000 tonnes to 676,000 tonnes.

Negative

• Potash sales revenues declined from $212 million to $154 million.
• Potash sales volumes decreased from 788,000 tonnes to 743,000 tonnes.
• Mosaic Fertilizantes' revenues dropped from $437 million to $385 million.

TAMPA, FL / ACCESSWIRE / August 13, 2020 / The Mosaic Company (NYSE:MOS) announced its July 2020 sales revenue and sales volumes by business unit.

Potash(1)		July 2020				July 2019
Sales Volumes in thousands of tonnes(2)			743				788
Sales Revenues in millions		$	154			$	212

Mosaic Fertilizantes(1)		July 2020				July 2019
Sales Volumes in thousands of tonnes(2)			1,201				1,029
Sales Revenues in millions		$	385			$	437

Phosphates(1)		July 2020				July 2019
Sales Volumes in thousands of tonnes(2)			676				578
Sales Revenues in millions		$	233			$	226

⁽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
ben.pratt@mosaicco.com

Investors:

Laura Gagnon, 813-775-4214 or
Paul Massoud, 813-244-0669
investor@mosaicco.com

SOURCE: The Mosaic Company via EQS Newswire

View source version on accesswire.com:
https://www.accesswire.com/601381/The-Mosaic-Company-Mosaic-Announces-July-2020-Sales-Revenues-and-Volumes

FAQ

What were the sales revenues for Mosaic in July 2020?

Mosaic reported total sales revenues of $154 million for potash, $385 million for Mosaic Fertilizantes, and $233 million for phosphates in July 2020.

How did Mosaic's potash sales compare in July 2020 versus July 2019?

Potash sales volumes in July 2020 were 743,000 tonnes with revenues of $154 million, a decrease from 788,000 tonnes and $212 million in July 2019.

What is the sales volume for phosphates in July 2020?

Phosphates sales volumes for July 2020 were 676,000 tonnes, up from 578,000 tonnes in July 2019.

What was the revenue for Mosaic Fertilizantes in July 2020?

Mosaic Fertilizantes generated revenues of $385 million in July 2020, down from $437 million in July 2019.