Mosaic Company (MOS) Reports Q2 EPS Falls 37% to $0.64

Mosaic Company (NYSE: MOS) reported Q2 EPS of $0.64, versus $1.01 reported last year. Revenue for the quarter came in at $2.4 billion, versus $2.6 billion reported last year.

"Mosaic's business momentum accelerated from the first quarter to the second quarter," said Larry Stranghoener, Interim Chief Executive Officer. "Very strong global demand for phosphates pushed prices higher, while potash demand exceeded even our high expectations.

"We continued to effectively execute our many recent strategic initiatives. We completed our Class A share repurchase agreement, bringing our total shares repurchased to 12 percent of our 2013 year-end shares. In addition, the integration of the former CF Industries phosphate business in Central Florida is proceeding well, and we are progressing toward completion of the acquisition of ADM's fertilizer distribution business in Brazil. Our work to generate cost savings of $500 million dollars over the next five years is also proceeding well, ensuring Mosaic remains a low-cost producer."

For earnings history and earnings-related data on Mosaic Company (MOS) click here.

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