Mosaic (MOS) Sees Q4 Volumes at High End of Guidance Range
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Earnings from consolidated companies: 42.4M
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Financial Fact:
Earnings from consolidated companies: 42.4M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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The Mosaic Company (NYSE: MOS) announced since the company offered Q4 guidance on March 28th, domestic and international crop nutrient markets have strengthened significantly, meeting the upper end of management's initial expectations and resulting in an improved near-term volume outlook.
Jim Prokopanko, President and CEO, said, "Global demand for crop nutrients has increased sharply, driven by an early and strong spring season in North America, combined with increasing shipments to South America. We expect demand to continue to grow, and crop nutrients to remain affordable. We anticipate another year of high farm income in North America - the second highest on record - and strong farm economics around the world. Our long-term outlook for the business is positive."
Mosaic sees Q4 volumes for both potash and phosphates at the upper end of the guidance ranges: 1.7-2.2 million tonnes for potash, 2.3-2.7 million tonnes for phosphates.
Jim Prokopanko, President and CEO, said, "Global demand for crop nutrients has increased sharply, driven by an early and strong spring season in North America, combined with increasing shipments to South America. We expect demand to continue to grow, and crop nutrients to remain affordable. We anticipate another year of high farm income in North America - the second highest on record - and strong farm economics around the world. Our long-term outlook for the business is positive."
Mosaic sees Q4 volumes for both potash and phosphates at the upper end of the guidance ranges: 1.7-2.2 million tonnes for potash, 2.3-2.7 million tonnes for phosphates.
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