MOS - The Mosaic Company reports 71% growth in November sales

The Mosaic Company (NYSE:MOS) reports its November total revenue of $1.23B (+71% Y/Y). It includes: Phosphates, $465M (+49% Y/Y); Potash, $271M (+67.28% Y/Y); and Mosaic Fertilizantes, $489M (+102% Y/Y). On volumes front, Phosphates sales increased to 576K tonnes; Potash to 644K tonnes; and Mosaic Fertilizantes 731K tonnes. The sequential potash price increase in the fourth quarter over third quarter average realized prices is expected to be at the low end of our guidance range of $110-$130 per tonne. Q4 Outlook: Mosaic reiterates its expectation for Phosphates finished product sales volumes to be in the range of 1.8 to 1.9M tonnes. In Potash, Mosaic continues to expect sales volumes of 2.0 to 2.1M tonnes. Port congestion in Brazil has shifted expected recognition of higher priced sales tonnes to the first quarter of 2022. Stock is up 1% in after-hours trading. Previously (Dec. 8): Farmers group seeks DoJ probe of surging fertilizer prices

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The Mosaic Company reports 71% growth in November sales