The Mosaic Company (MOS) Tops Q3 EPS by 9c
The Mosaic Company (NYSE: MOS) reported Q3 EPS of $1.04, $0.09 better than the analyst estimate of $0.95. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.53 billion.
- Higher production levels drove MOP cash cost of production per tonne(1) down to $71 in the third quarter, from $74 a year ago, despite continued operations of the high cost Colonsay mine. Idle and turnaround expenses declined to $16 million in the third quarter, from $34 million in the second quarter, reflecting the completion of planned turnaround activities at Esterhazy. Given the potential demand deferral in North America, Mosaic expects 2025 potash production volumes to be in the range of 9.1 to 9.4 million tonnes. Sales volumes in the fourth quarter are expected to be between 2.3 and 2.6 million tonnes, with realized mine gate MOP prices in the range of $270 to $280 per tonne.
For earnings history and earnings-related data on The Mosaic Company (MOS) click here.
