$MON (Monsanto Company)

$MON {{ '2016-04-13T21:07:47+0000' | timeago}} • SEC

At Feb. 29, 2016, $MON's working capital was $2.54Bil compared with $5.22Bil at Feb. 28, 2015. In 1H16, net cash provided by operating activities was $1.38Bil. Net cash required by investing activities was $483MM in 1H16. Free cash flow was an inflow of $906MM in 1H16 compared with an inflow of $986MM in 1H15.

$MON {{ '2017-06-28T16:50:23+0000' | timeago}} • Webcast

For FY17, $MON expects to deliver approx. 30% growth in Soybean gross profit as well as strong margin improvement. Monsanto's Soybean gross profit growth in 3Q17 was 50%, driven primarily by the reduced cost of goods for Roundup Ready Xtend, increased acres planted to soybeans and benefit from the sale of those traded varieties.

$MON {{ '2017-06-28T14:56:46+0000' | timeago}} • Announcement

$MON recently got the approval from EPA (Environmental Protection Agency) for RNA interference (RNAi), a new genetic engineering technology that controls the corn rootworm (“billion dollar pest”). The corn seed with RNAi is expected to be available in the market within 2-3 years. Notably, Monsanto’s 35% of net sales in 3Q17 came from corn seed.

$MON {{ '2017-06-28T13:41:44+0000' | timeago}} • Infographic

$MON Monsanto Earnings AlphaGraphics: Q3 2017 highlights

$MON {{ '2017-06-28T13:21:27+0000' | timeago}} • Announcement

For FY17, $MON expects GAAP EPS to be at the high end of $4.09- $4.55 range, and reaffirms non-GAAP EPS at the high end of $4.50-4.90 range. Monsanto, which will get acquired by Bayer in a $66Bil deal, said that it is working with Bayer toward completion of the pending merger by the end of 2017.

$MON {{ '2017-06-28T12:52:59+0000' | timeago}} • Announcement

$MON, which is being acquired by German life science company Bayer, said its third-quarter 2017 profit rose 18% to $843MM, driven by continued momentum in soybean technologies. $MON earned $1.90 on an as-reported basis and $1.93 on an ongoing basis.

$MON {{ '2017-06-28T12:37:39+0000' | timeago}} • Announcement

Who owns nature? With the "Big Six" agricultural giants set to become the "Big Four", the world’s biggest seed supplier $MON reported a slight increase in 3Q17 revenue. Revenue of Monsanto, which has got a global market share of 36% in corn seeds and 27% in soybeans, inched up 1% to $4.23Bil.

$DE {{ '2017-05-01T21:47:45+0000' | timeago}} • Announcement

$DE was informed by $MON that it has chosen to terminate a 2015 agreement for Deere to acquire the Precision Planting LLC business.  Two agreements related to Deere's purchase of Precision Planting will also be terminated.

$MON {{ '2017-04-05T14:56:28+0000' | timeago}} • Webcast

When asked about the extended delay in closing the merger with Bayer, $MON said that it does not speculate on government agencies. The company expects a phase shift on the timing.

$MON {{ '2017-04-05T14:40:06+0000' | timeago}} • Webcast

For 2017, $MON estimates operating expenses, excluding the pending Bayer transaction costs and restructuring expenses, to increase slightly. This increase is driven by the inflation and the costs associated with the return to growth of the business. Changes in currency rates is expected to have a relatively neutral effect on net income.

$MON {{ '2017-04-05T14:24:32+0000' | timeago}} • Webcast

For 2017, $MON expects to grow corn gross profit even as the commodity prices remain challenging in the mid-to-high $3 range. Global soybeans gross profit is expected to be greater than 25%. In the Climate Fieldview Services business, the company is on track for 25MM paid acres in the U.S. in FY17.

$MON {{ '2017-04-05T14:08:29+0000' | timeago}} • Webcast

$MON said that the trend line from WASDE (World Agricultural Supply and Demand Estimates) Report forecasts that annual demand for corn and beans is expected to rise. The company has nearly completed the initial phase of its $400MM Chesterfield R&D site expansion and expects to open it in later this year.

$MON {{ '2017-04-05T13:56:16+0000' | timeago}} • Webcast

$MON, which is set to merge with Bayer, said that both companies are working towards closing the transaction at the end of 2017. The filing with the EU commission is expected to be completed in this calendar quarter. In the next 20 years, the company expects the level of the applying science and technology for crop production to grow further.

$MON {{ '2017-04-05T12:59:15+0000' | timeago}} • Announcement

For 3Q17, $MON sees as-reported EPS to be roughly flat due to the absence of Argentine-related tax matters call-out of $0.50 per share. For FY17, Monsanto continues to expect the Seed and Genomics segment gross profit to increase mid-single digit percentage y-o-y. Within Ag Productivity segment, gross profit now seen at the lower end of $850-950MM.

$MON {{ '2017-04-05T12:54:31+0000' | timeago}} • Announcement

$MON updated its FY17 as-reported EPS guidance to be at the high end of the $3.95-4.44 range. EPS, on an ongoing basis, is now expected to be at the high end of the $4.50-4.90 range. The agrochemical giant now sees FY17 capex at $1.2Bil with free cash flow closing in on $1.6Bil.

$MON {{ '2017-04-05T12:49:16+0000' | timeago}} • Announcement

$MON's net sales in 2Q17 rose 12% to $5.07Bil from $4.53Bil, aided by the 9% improvement in the sales of Corn seed segment to $2.9Bil. Soybean seed sales grew 10% to $862MM. For the quarter, selling, general and administrative costs were $657MM and research and development expenses were $381MM.

$MON {{ '2017-04-05T12:27:01+0000' | timeago}} • Announcement

For 2Q17, agrochemical giant $MON saw a 28% jump in net attributable income to $1.37Bil from $1.06Bil a year ago. The gross profit growth of over $300MM in the corn and soybean businesses, the absence of the $180MM Argentine peso devaluation, and the $83MM gain from its wheat fungicide business sale pushed the diluted EPS up to $3.09 from $2.41.

$MON {{ '2017-01-27T16:47:25+0000' | timeago}} • Announcement

$MON's BoD declared a quarterly dividend on its common stock of 54 cents per share. The dividend is payable on April 28, 2017, to shareowners of record on April 7, 2017.

$MON {{ '2017-01-05T15:48:16+0000' | timeago}} • Webcast

$MON said that its relationship with Sinochem is a good and strong one. The company has been working jointly on cotton business in China with Sinochem. Consequently, $MON is seeing an opportunity in China which is long term.

$MON {{ '2017-01-05T15:11:58+0000' | timeago}} • Webcast

$MON expects about $100MM of gross profit from strategic licensing deals toward FY17-end. The company also added that its restructuring and cost savings initiatives remain on track with the cost estimated at approx. $1Bil and annual savings expected at about $380MM in OpEx and cost of goods at the close of FY17.

$MON {{ '2017-01-05T15:01:13+0000' | timeago}} • Webcast

$MON expects 2017 to be the third consecutive year of share growth in US cotton, driven by more than eight points of branded and licensed share growth in 2016. In the Climate Fieldview platform, $MON expects to add several more partners in the coming year & continue to grow geographically, with expansion in the US, Europe, Brazil & Canada in 2017.

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