Mosaic Company Q3 2024 Earnings Report: Decline in Sales and Adjusted Profit
Mosaic Company Q3 2024 Earnings Report Details
The Mosaic Company (NYSE: MOS), a key player in the chemicals and mining industry, reported its Q3 2024 earnings on Tuesday. The company experienced a 21% decline in revenues, totaling $2.8 billion compared to the previous year's quarter. One of the crucial updates during the earnings call was that adjusted earnings fell to $0.34 per share from last year’s $0.68; this decline raised concerns among investors regarding MOS stock price prospects.
Financial Highlights
- Adjusted EBITDA decreased to $448 million from $594 million.
- Mosaic returned $415 million in capital to shareholders this year.
- Phosphate production resumed full capacity after hurricane disruptions.
Impact on MOS Stock
With these earnings results, analysts are revising MOS stock estimates. The financial news community will closely monitor how these adjustments influence the MOS share price in the upcoming weeks.
For complete financial insights, consider the Mosaic Company earnings transcript available post-call.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.