Mosaic posts fall in quarterly revenue on lower production

Mosaic

04/08/2026 23:35

Aug 4 (Reuters) - Fertilizer maker Mosaic MOS.N reported a decline in second-quarter revenue, weighed down by soft demand and curtailed domestic production.
Mosaic is a global producer-distributor of phosphate- and potash-based crop nutrients and agricultural products serving global agriculture markets. Its shares fell 2% in extended trading.
Here are some more details:
The Tampa, Florida-based company posted net sales of $2.8 billion for the three months ended June 30, down 6.7% from a year ago.
"Business conditions remained challenging in the second quarter, driven primarily by sulfur availability and affordability challenges," said CEO Bruce Bodine.
Sulfur and ammonia markets continue to experience widespread disruption, resulting in elevated raw material costs and production curtailments across the global phosphate industry, the company said.
Mosaic lowered annual capital expenditure forecast for the second time this year to $1.2 billion from $1.25 billion previously.
In July, the company announced temporary reduction of phosphate operations in Brazil, hurt by lower global supply and rising prices of raw material sulfur.

 (Reporting by Akshaya V in Bengaluru; Editing by Shilpi Majumdar)
 ((AkshayaV@thomsonreuters.com;))