Mosaic Q2 Highlights: 37% Revenue Decline, Lower Selling Prices, EPS Miss & More
Portfolio Pulse from Lekha Gupta
Mosaic Co reported a 37% Y/Y decline in Q2 FY23 revenues to $3.39 billion, beating the consensus of $3.12 billion, due to lower selling prices. EPS of $1.04 missed the consensus of $1.12. Adjusted EBITDA was $744 million, down from $2.0 billion a year ago. The company returned $676 million to shareholders via share repurchases and dividends in H1 2023. Mosaic expects capital expenditures of $1.3 billion-$1.4 billion in 2023. Shares are trading lower by around 3% premarket.

August 04, 2023 | 11:17 am
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NEGATIVE IMPACT
Mosaic Co reported lower Q2 FY23 revenues and EPS, leading to a premarket drop in share price. The company returned $676 million to shareholders via dividends and share repurchases in H1 2023.
Mosaic Co's lower Q2 FY23 revenues and EPS miss are likely to negatively impact the stock price in the short term. However, the company's return of $676 million to shareholders in H1 2023 may provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100