Mosaic Co ( (MOS) ) has released its Q4 earnings. Here is a breakdown of the information Mosaic Co presented to its investors.
The Mosaic Company is a leading global producer and marketer of concentrated phosphate and potash crop nutrients, serving the agriculture industry with fertilizers and feed ingredients. In its latest earnings report, Mosaic Co announced a net income of $175 million for the full year 2024, with an adjusted EBITDA of $2.2 billion. Despite facing operational and weather-related challenges, the company managed to achieve significant cost savings and completed strategic transactions, including the Ma’aden deal which resulted in a $522 million pre-tax gain. The company’s Potash segment saw a decline in net sales to $2.4 billion, attributed to lower prices and production challenges, while the Phosphate segment reported a decrease in net sales to $4.5 billion due to lower sales volumes. Mosaic Fertilizantes experienced a drop in net sales to $4.4 billion, but improved operating earnings to $238 million. Looking ahead, Mosaic Co is optimistic about 2025, with plans to enhance production reliability and capitalize on favorable market conditions, particularly in the potash and phosphate markets.