Market ConditionsAmid weakened soft commodity prices and supply constraints, affordability remains a challenge for certain nutrition products, particularly phosphates.
Operational ChallengesMOS is exiting a difficult operational year in 2024, having experienced electrical challenges impacting potash production, and an active hurricane season resulting in outages in both Florida and Louisiana production locations.
Revenue ImpactPhosphate shipments were lower than anticipated due to adverse weather conditions, affecting overall revenue expectations.