Fertilizer maker Mosaic falls on weak sales, lower capex outlook

Mosaic

05/08/2026 10:38

** Shares of fertilizer maker Mosaic MOS.N down 1.9% at $22.27 premarket 
** Co reports a decline in second-quarter revenue, weighed down by soft demand and curtailed domestic production 
** Co lowers capital expenditure forecast for the second time this year to $1.2 billion from $1.25 billion previously  
** Sulfur and ammonia market disruptions continue to drive up costs and curb phosphate production globally - MOS 
** "Business conditions remained challenging in the second quarter, driven primarily by sulfur availability and affordability challenges" - CEO Bruce Bodine
** Posts net sales of $2.8 billion for the three months ended June 30, down 6.7% from a year ago
** As of last close, MOS down 5.7% YTD 

 (Reporting by Varun Sahay in Bengaluru)
 ((Varun.sahay@thomsonreuters.com))