Mosaic Announces October And November 2023 Revenue And Sales Volumes Q4 Potash Sales Volumes And MOP Prices At The Mine Are Expected To Be Near The Low End Of Previous Guidance Range Of 2.4M-2.6M Tonnes, And $235-$260 Per Tonne
Portfolio Pulse from Benzinga Newsdesk
The Mosaic Company (NYSE:MOS) reported its sales volumes and revenue for October and November 2023, with potash and phosphates sales volumes increasing compared to the same period in 2022, but revenues decreased. For Q4, potash sales volumes and MOP prices are expected to be at the lower end of the guidance range, and phosphates sales volumes are also expected to be at the lower end. Dry weather in Brazil poses risks to fertilizer shipments in Q4.
December 19, 2023 | 9:29 pm
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Mosaic's sales volumes increased but revenues fell for Oct/Nov 2023. Q4 expectations for potash sales volumes and prices are at the lower end, with dry weather in Brazil posing shipment risks.
The report indicates a decrease in revenue despite higher sales volumes, which could be a concern for investors. The expectation of Q4 results being at the lower end of the guidance range and potential shipment issues due to dry weather in Brazil may negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100