MOS - Mosaic reports January-February Potash sales $604M vs. $295M Y/Y

The Mosaic Company (NYSE:MOS) reports its January and February Phosphates revenue of $873M (+37.7% Y/Y); Potash revenue of $604M (+104.8% Y/Y); and Mosaic Fertilizantes revenue of $870M (+66.4% Y/Y). On volumes front, Phosphates sales declined to 999K tonnes from 1,355K tonnes Y/Y; Potash declined to 1,048K tonnes from 1,241K tonnes Y/Y; and Mosaic Fertilizantes declined 1,118K tonnes from 1,429K Y/Y. Rail delays in Canada and central Florida have persisted through the first two months of the year and are expected to continue through the end of the first quarter. In addition, potash shipments are expected to be further impacted by the Canadian Pacific Railway work stoppage. As a result, sales volumes for the first quarter of 2022 are now expected to be at or near the low end of previous guidance ranges for both Potash and Phosphates.

For further details see:

Mosaic reports January-February Potash sales $604M vs. $295M Y/Y