$MOS (The Mosaic Company)

$MOS {{ '2015-11-03T14:56:00+0000' | timeago}} • Announcement

$MOS' Phosphates segment sales volumes were 2.1MM tonnes, down from 2.2MM & Potash totaled 1.6MM tonnes, down from 1.8MM compared to last year, hurt by both lower sales volumes & realized prices. Sales volumes for Phosphates & Potash segment are expected to range in $1.9-2.2MM tonnes & $1.8-2.1MM tonnes for 4Q15 respectively.

$MOS {{ '2017-07-19T14:50:28+0000' | timeago}} • Announcement

$MOS announced that Kimberly Bors has been named SVP, Human Resources. Bors succeeds Corrine Ricard who was recently named SVP, Commercial.

$MOS {{ '2017-05-18T20:30:42+0000' | timeago}} • Announcement

The BoD of $MOS declared a quarterly dividend of $0.15 per share on its common stock. The dividend will be paid on June 15, 2017, to stockholders of record as of the close of business on June 1, 2017.

$MOS {{ '2017-05-02T19:25:29+0000' | timeago}} • Webcast

$MOS said that it has changed the depreciation method from straight line method to units of production method for certain mining assets to more appropriately reflect the utility of these assets. The company expects to use these assets for a longer period of time in the future.

$MOS {{ '2017-05-02T18:48:50+0000' | timeago}} • Webcast

$MOS said that the Chinese contract is becoming less relevant over time and the conditions are significantly different this year than other years. $MOS expects India to be ahead of China again this year like last year and the company doesn't assume a whole bunch of Chinese products in its 2Q17 outlook.

$MOS {{ '2017-05-02T14:09:54+0000' | timeago}} • Announcement

For 2Q17, $MOS sees total sales volumes for the Phosphates segment of 2.3-2.6MM tonnes. Total sales volumes for the Potash segment are expected 2.0-2.3MM tonnes. Total sales volumes for the International Distribution segment are touted at 1.4-1.7MM tonnes for the second quarter of 2017, compared to 1.4 million tonnes last year.

$MOS {{ '2017-05-02T14:06:02+0000' | timeago}} • Announcement

Cash flow provided by operating activities in 1Q17 was $146MM for $MOS. Capital expenditures totaled $224MM in the quarter. Mosaic's total cash and cash equivalents were $675MM and long-term debt was $3.8Bil as of March 31, 2017.

$MOS {{ '2017-05-02T14:03:13+0000' | timeago}} • Announcement

Net sales of $MOS fell 5.7% to $1.58Bil in 1Q17, as it posted a net attributable loss of $0.9MM vs. a profit of $256.8MM a year ago. Earnings were almost nil, down from $0.73 per diluted share, as lower prices offset higher sales volumes.

$MOS {{ '2017-03-31T13:25:41+0000' | timeago}} • Announcement

$MOS announced an incident at its Esterhazy K2 potash mine involving a skip. The incident occurred in the later part of 1Q and is not expected to materially impact 1Q17 potash results. $MOS estimates a loss of production in the range of 200,000 to 300,000 tonnes, which is expected to negatively impact 2Q17 sales volumes.

$MOS {{ '2017-02-07T15:35:05+0000' | timeago}} • Webcast

$MOS reported that phosphate imports and shipments in India were off in 2016 as it drew down stocks. $MOS estimates shipments in 2017 to rebound to 9.3-9.5MM tonnes, up from about 9.2MM in 2016 and imports to rebound from less than 5MM tonnes to about 4.8MM. The company added that there may be a little bit more upside than the current forecast.

$MOS {{ '2017-02-07T15:17:07+0000' | timeago}} • Webcast

$MOS guided that Chinese phosphates exports will be down to 7-8MM tonnes in 2017. The tighter environmental regulations and pollution taxes will impact the low cost producers, which in turn will raise the industry cost curve, the company said. $MOS expects further reductions in both production and exports in China.

$MOS {{ '2017-02-07T15:10:13+0000' | timeago}} • Webcast

$MOS said that the acquisition of the Vale Fertilizantes business from $VALE fits well with the company. The acquisition will help in $MOS to build solid market positions in Brazil. The company is confident that with good long-term assets and people from $VALE, $MOS has opportunities to grow the business in Brazil.

$MOS {{ '2017-02-07T14:38:35+0000' | timeago}} • Webcast

For 2017, $MOS expects SG&A costs to be $295-310MM, down compared to 2016 and CapEx is expected to be $800-900MM, down from the company's original expectations of $1.2Bil. Potash and phosphate prices continue to move up even through the seasonally slow time of the year, the company said. $MOS expects strong global demand in 2017.

$MOS {{ '2017-02-07T14:20:39+0000' | timeago}} • Webcast

$MOS, which agreed to buy Vale Fertilizantes business from $VALE for $2.5Bil in Dec. 2016, said that after the transaction closing, Richard McLellan, current SVP-Commercial, will lead the combined business in Brazil. He will be replaced by Corrine Ricard, the current SVP-HR, as SVP-Commercial.

$MOS {{ '2017-02-07T12:24:59+0000' | timeago}} • Announcement

For 1Q17, $MOS expects total sales volumes for the Phosphates segment to be 2.0-2.3MM tonnes versus 2.2MM tonnes last year. Total sales volumes for the Potash segment are expected to be 2.15-2.30MM tonnes compared to 1.5MM tonnes last year.

$MOS {{ '2017-02-07T12:20:25+0000' | timeago}} • Announcement

$MOS reported that Phosphates segment sales for 4Q16 dropped 10% to $896MM versus 4Q15, hurt by lower finished product price. Potash segment sales declined 29% to $407MM, hurt by lower average realized prices. For calendar 2017, Phosphates sales volumes are expected to be 9.5-10.25MM tonnes and Potash sales volumes are expected to be 8.00-8.75MM tonnes.

$MOS {{ '2017-02-07T12:10:28+0000' | timeago}} • Announcement

$MOS' CEO Joc O'Rourke said, "While we are confident the market bottom is behind us, the pace of improvement is expected to be gradual. As a reflection of our commitment to investors to maintain a strong financial position, we have reduced our annual dividend payout to $0.60 per share."

$MOS {{ '2017-02-07T12:09:00+0000' | timeago}} • Announcement

$MOS reported a 92% drop in 4Q16 earnings, hurt by lower sales and the impact of foreign currency translation. Net earnings were $12MM or $0.03 per share compared to $155MM or $0.44 per share in the prior year quarter. Revenue fell 13.9% to $1.86Bil. Operating earnings fell 64% to $74MM in 4Q16, hurt by lower phosphate and potash prices.

$MOS {{ '2016-12-19T11:57:38+0000' | timeago}} • Announcement

$MOS agreed to buy Vale Fertilizantes business from $VALE. The acquisition is expected to be accretive to $MOS' EPS in 2018, generate over $80MM of after-tax synergies and provide substantial leverage to improvements in the crop nutrient business cycle. The acquisition will add about 8,000 employees, bringing $MOS' global headcount to about 17,000.

$MOS {{ '2016-12-19T11:55:51+0000' | timeago}} • Announcement

$MOS agreed to buy Vale Fertilizantes business from $VALE for an aggregate purchase price valued at $2.5Bil. Vale will have potential to earn additional of up to $260MM to be paid in cash over 2-year period after closing. The deal will close in late 2017. $MOS will fund the acquisition with $1.25Bil in cash and 42.3MM common shares.

$MOS {{ '2016-12-16T00:14:31+0000' | timeago}} • Announcement

$MOS said its BoD declared a quarterly dividend of $0.275 per share on its common stock, payable on March 16, 2017, to stockholders of record as of the close of business on March 2, 2017.

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