MOSAIC COMPANY Reports Second Quarter FY2023 Earnings Results on August 1 2023

🌥️Earnings Overview

MOSAIC COMPANY ($NYSE:MOS) reported its second quarter FY2023 (ending June 30 2023) earnings results on August 1 2023, which included total revenue of USD 3.4 billion, a decrease of 36.9% in comparison to the same period of the previous year. Net income for the quarter was USD 0.37 billion, showing a 64.4% decrease from the prior year.

Price History

On Tuesday, MOSAIC COMPANY reported its second quarter financial results for FY2023. Stock opened at $40.8 and closed at $40.2, down by 1.3% from the previous closing price of $40.8. Overall, MOSAIC COMPANY reported solid results for the second quarter of FY2023, despite the pandemic-induced economic downturn. The company’s strong financial position allows it to continue to invest in future growth and provides shareholders with a secure return on their investment. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Mosaic Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Mosaic Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Mosaic Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Mosaic Company are shown below. More…

Analysis

GoodWhale has conducted an analysis of MOSAIC COMPANY‘s financials. According to our Star Chart, MOSAIC COMPANY has a high health score of 8/10, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. Our review further reveals that MOSAIC COMPANY is strong in asset and dividend, and medium in growth and profitability. We classify MOSAIC COMPANY as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Given MOSAIC COMPANY’s financial health and moderate growth, it may be attractive to investors seeking a stable, yet reliable return on their investments. The company may also be of interest to value investors looking for a long-term option as a reliable source of income. Additionally, those investors with a focus on the stability of dividends may also find MOSAIC COMPANY attractive. 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 recently reported its Q2 FY2023 financial results with a total revenue of $3.4 billion, a decline of 36.9% year-over-year. Net income was $0.37 billion, which represents a 64.4% decrease from the same period last year. Despite the overall decrease in performance, Mosaic Company still has potential for investors to profit. The company is well established in the industry and has a strong balance sheet; it has low debt levels, a healthy cash flow, and a large portfolio of assets.

Mosaic Company’s financials also reveal a healthy return on equity, indicating that the company is able to generate an acceptable return on its investments. Despite its Q2 FY2023 decline in profits, investors should remain optimistic in Mosaic Company’s long-term prospects for growth and profitability.