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The Mosaic Company (MOS)

NYSE - Nasdaq Real Time Price. Currency in USD
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35.51-1.49 (-4.03%)
At close: 4:04PM EDT

35.60 +0.09 (0.25%)
After hours: 7:12PM EDT

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  • I
    IPO_Maniac
    TAMPA, FL, May 3, 2021 - The Mosaic Company (NYSE: MOS), reported net income of $157 million, or $0.41 per share,
    for the first quarter of 2021. Adjusted EPS(1) was $0.57 and adjusted EBITDA(1) was $560 million. Gross margin was $435
    million compared to $41 million a year ago, reflecting improved per tonne margins in all three operating segments as a
    result of higher phosphates prices, higher potash volumes and transformation benefits. Reported earnings were
    negatively impacted by notable items of $77 million.
    “Mosaic delivered excellent earnings for the first quarter of 2021, and our outlook for the year remains favorable,” said Joc
    O’Rourke, President and CEO. “We are demonstrating the earnings power resulting from the combination of our longterm cost structure improvements and strong global fertilizer markets.”
    Highlights:
    • First quarter revenues were up 28 percent year-over-year to $2.3 billion, as the company capitalized on stronger
    market conditions.
    • Gross margins in the quarter were up almost 10-fold from the prior year period, primarily as a result of year-overyear price increases. The gross margin rate in the quarter was 19 percent, up from 2 percent in first quarter of
    2020, and the highest gross margin rate since the second quarter of 2015.
    • Mosaic's balance sheet continued to strengthen. Unrestricted cash totaled $692 million as of March 31. The
    company generated $319 million in cash flow from operations in the quarter. Capital expenditures were $289
    million in the quarter, and net debt ended the quarter at $3.8 billion, down $700 million from the year ago period.
    • Phosphates sales volumes were up 7 percent year-over-year to 2.1 million tonnes. Production volumes were 1.9
    million tonnes, reflecting turnaround activity in the quarter. Due to ongoing strong demand, inventories remain
    well below historical levels, and as a result, sales are expected to be constrained to production volumes in the
    second quarter. Higher input costs were more than offset by improved pricing, and lower cash conversion costs,
    which resulted in gross margin per tonne increasing to $84 per tonne, up from last year's loss of $43 per tonne.
  • t
    theubiquitousman
    What is the all time record high for corn? We have to be closing in on it. $8 is almost here. Unheard of.
    Every available acre that farmers can put into corn, will be put into corn and they will pay up for fertilizer.
    Could be start of multi year cycle of high ag prices. Again, MOS is a great inflation play. I still see it as a possible double from here by year end($70 target). Just my opinions.
  • M
    MICHAEL
    This previously ran to $163 in similar market conditions! How is this so cheap now??
    Bullish
  • C
    Cloud9
    The largest negative impact on earnings in Q1 was the unhedged foreign exchange exposure that was realized due to the stronger dollar in Q1. This is temporary and in fact, most currency forecasts predict a trend for a declining dollar as inflation heats up in the USA going forward. So upward prices for commodities, lower costs and a declining dollar will drive even greater growth for Mosaic in 2021 and beyond. Add more here.
  • K
    Khoi
    Does anyone remember last earnings call when the price dropped 9% on the day when MOS announced an incredible earnings beat? What do people think will happen tomorrow? I want to buy more but wondering whether to wait until after earnings or to buy before earnings knowing earnings will be incredible? Would be good to get your opinion guys...
    Bullish
  • G
    Gregg
    Currently listening to the Mosaic "Fireside Chat/Earnings Call" and not hearing anything management is saying to help lift the current stock price. Guess the analysts will decide how to adjust their expectations for future quarters that will probably pressure the stock price and prevent shareholders from seeing $40 as others were predicting after the earnings call. I previously replied to a recent post who was asking if they should buy before the earnings and I suggested if they felt comfortable to add at $35, consider buying only 1/3 of the number of shares they wanted to add, then wait after earnings if the price drops to find another entry point once the stock had found a bottom to add perhaps another 1/3 of the position. At this point, it might be good to wait to make the last 1/3 of the position to see a re-test of todays (5/4) low of $32.45 and wait for the adjustments of analyst expectations going forward for the next few quarters.
    Neutral
  • F
    Frankthetrader
    (ADJUSTED) earnings per share of .57 versus .41 per share is all you need to know! negatively impacted by notable items of $77 million. We want to know what it was used for!
    Bullish
  • A
    AB
    These are great numbers! Gross margin up 10 folds, what other industry does that?
  • J
    Jason
    Broke through $36.96 resistance. That was a super bullish close.
    Bullish
  • A
    AB
    Another great buying window!
  • P
    Phil
    June 40calls. open int. rose again yesterday. Me thinks MOS is in play.
  • A
    AB
    This stock should be in the green anyway you look at it; once this earning circus is over and the dust settles, cash will naturally find its way back to this low risk high potential reward investment.
  • g
    gary
    Goes over $40 at 4:30 today. Grain prices are surging again today. Fertilizer will continue to increase as farmers put down all they can get to maximize yields.
    Bullish
  • t
    theubiquitousman
    What was the $77 million item that impacted earnings negatively? Thanks. Couldn't find reference to it when I scanned the release.
  • g
    gary
    $40 Tues. morning after earnings and massive up guidance
    Bullish
  • M
    Mark
    I love MOS and their aims for sustainable agriculture. I was able to read they made a profit during 2020 which shows their robust system, but I was a little sceptical about cash reserves diving from 2017-20.

    You can read the full review @ecoshares on Instagram, they're a private company that only focuses on climate change related firms. Big up phosphate and potash!!!! They also talk about Mosaic's SymTRX fertiliser signing, anyone heard about this too? Reduces CO2 by up to 32%.
  • t
    theubiquitousman
    the market doesn't understand that this is one of the best inflation plays there is, yet.
  • R
    Retireyung
    I like MOS because of the Phos.... 75% of the worlds reserves reside in the western sierra desert, Morroco. The USA has about 6% of the world supply and most of that is controlled by Mosaic .... Demand is up with record grain prices and as a former crop farmer I know the value add from sufficient fertilizer application. MOS has already pre-announced some of the effects pricing is having on results . Steady march up has just begun. Long shares and May $32 calls .... Good luck all
  • H
    Huck Fynn 2005
    Q1 sales increase 30%...and the big surge in Spring planting season wasn't even included in Q1. What's that tell you?
  • g
    gary
    Coming back now, the weak hands are out. Guidance was great.
    Bullish