Mosaic (MOS) Issues August Sales Volumes & Revenues of Units
The Mosaic Company MOS recently released August 2020 sales volume and revenue figures for its segments.
In the Potash unit, the company recorded sales volume of 741,000 tons in August, down 1.9% year over year. Revenues in the segment fell 22.2% year over year to $154 million.
In the Mosaic Fertilizantes unit, sales volume rose 2% year over year to 1,266,000 tons. Revenues in the segment declined 21.2% year over year to $393 million.
In Phosphates, the company reported 6.4% year-over-year rise in sales volume to 743,000 tons. Revenues in the segment fell 0.4% year over year to $261 million.
Mosaic, which is among the prominent companies in the fertilizers space along with CF Industries Holdings Inc. CF, Nutrien Ltd NTR and Intrepid Potash Inc. IPI, expects depreciation, depletion and amortization of $860-$910 million for 2020. The company anticipates net interest expenses of $180-$190 million for 2020. Capital expenditures are expected to be around $1.2 billion for 2020.
In August, Mosaic stated that phosphate fertilizer products prices have strengthened globally, reflecting tightening supply and demand balance. The company also expects potash prices to be stable. However, the company expects the risk of coronavirus to persist throughout 2020.
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