The Mosaic Company (MOS) Tops Q4 EPS by 13c; to Cut Dividend
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The Mosaic Company Reports Fourth Quarter And Full-Year 2016 Results; Updates Dividend Policy
February 7, 2017 6:45 AM ESTPLYMOUTH, Minn., Feb. 7, 2017 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) today reported fourth quarter 2016 net earnings of $12 million, down from $155 million in the fourth quarter of 2015. Earnings per diluted share were $0.03, which included a negative $0.23 impact from notable items. Mosaic's net sales in the fourth quarter of 2016 were $1.9 billion, down from $2.2 billion last year, with lower prices more than offsetting higher phosphate volumes. Operating earnings during the quarter were $74 million, down from $204 million a year ago, driven by lower phosphate and potash prices, partially offset by lower phosphate raw materials costs and... More
