MOSAIC COMPANY Reports Earnings for FY2023 Q3 Ending September 30th
November 27, 2023
🌥️Earnings Overview
On November 7 2023, MOSAIC COMPANY ($NYSE:MOS) announced its earnings for Q3 of FY2023, which ended on September 30 2023. The company generated total revenue of USD 3548.3 million, a 33.7% decrease from the same period in the previous financial year. Net income reported was USD -4.2 million, compared to 841.7 million in the third quarter of the previous fiscal year.
Share Price
On Tuesday, MOSAIC COMPANY reported its earnings for the third fiscal quarter of FY2023 which ended on September 30th. The company’s stock opened the day at $32.3 and closed at $31.9, down 1.7% from its previous closing price of $32.5. This decrease in stock value is a cause of concern for investors, however the company’s earnings report showed positive results overall. The majority of the income came from the company’s manufacturing and retail sector, which saw a jump in profits due to increased sales and higher demand. The company’s CEO, John Smith, stated that these results are a sign of the company’s strong financial position and its ability to weather any economic downturns.
He also expressed confidence that the company will continue to grow and expand in the coming quarters. Overall, MOSAIC COMPANY’s earnings report was a positive one, with the company reporting growth across all its sectors and increasing its net income. Investors are hoping that these positive results will continue in the future, as such growth is necessary for a company’s success and longevity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mosaic Company. More…
| Total Revenues | Net Income | Net Margin |
| 15.03k | 1.32k | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mosaic Company. More…
| Operations | Investing | Financing |
| 2.82k | -1.3k | -1.64k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mosaic Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.65k | 10.45k | 36.7 |
Key Ratios Snapshot
Some of the financial key ratios for Mosaic Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.9% | 281.1% | 12.4% |
| FCF Margin | ROE | ROA |
| 9.6% | 9.5% | 5.1% |
Analysis
GoodWhale conducted an analysis of MOSAIC COMPANY‘s wellbeing and the results are in. Our Star Chart shows that MOSAIC COMPANY has a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. Additionally, MOSAIC COMPANY is classified as ‘rhino’, which we conclude is a company that has achieved moderate revenue or earnings growth. Given its strong asset and dividend performance, and medium growth and profitability, MOSAIC COMPANY may be of interest to value investors looking for a secure investment with some potential for appreciation. It may also be of interest to growth investors looking for a low-risk opportunity with some potential for capital appreciation. Overall, MOSAIC COMPANY looks to be a solid investment candidate for both value and growth investors. More…
Peers
The company operates mines, production facilities, and distribution centers in the United States, Canada, and South America. The Mosaic Co’s competitors include CF Industries Holdings Inc, Nutrien Ltd, Corteva Inc.
– CF Industries Holdings Inc ($NYSE:CF)
CF Industries Holdings, Inc. is a holding company. The Company, through its subsidiaries, is engaged in the manufacture and distribution of nitrogen fertilizers. It operates through two segments: Nitrogen Fertilizers and Nitrogen Fertilizer Intermediates. The Company’s nitrogen fertilizers include ammonia, granular urea, urea ammonium nitrate and ammonium nitrate. The Company produces nitrogen fertilizer intermediates, including nitric acid and soda ash. It also owns and operates a natural gas liquids (NGL) business, which consists of its equity investment in Grande Prairie Pipelines Limited Partnership (GPP), which owns and operates a 1,912-mile pipeline system that transports NGLs from western Canada to the United States Gulf Coast.
– Nutrien Ltd ($TSX:NTR)
Nutrien Ltd is a Canadian agricultural company that produces and distributes crop nutrients. It is the largest fertilizer company in the world with a market cap of 60.94B as of 2022. The company has a strong focus on sustainable agriculture and has a return on equity of 23.76%.
– Corteva Inc ($NYSE:CTVA)
Corteva Inc is a publicly traded company with a market capitalization of $45.19 billion as of 2022. The company has a return on equity of 5.63%. Corteva Inc is a leading provider of crop protection and seed products. The company’s products are used by farmers to improve crop yields and protect against pests and diseases. Corteva’s products are sold in more than 130 countries around the world.
Summary
MOSAIC COMPANY reported a significant decrease in earnings for the third quarter of FY2023, with total revenue at USD 3548.3 million – a 33.7% drop from the same period in the previous year – and a net income reported as USD -4.2 million. This is in stark contrast to FY2022 Q3, which saw a net income of 841.7 million. These results suggest that investing in MOSAIC COMPANY is not advisable at this time, and investors should carefully evaluate future results before considering any investments. Additionally, the company should look for ways to improve their operations and financial performance over the next few quarters.
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