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AI English summary of an SEC filing — figures as filed

The Mosaic Company logoThe Mosaic Company MOS

The company said it reported a net loss attributable to Mosaic for Q2 2024 of $162 million ($(0.50) per diluted share), Adjusted EBITDA of $584 million and Adjusted EPS of $0.54. It said the per-share impact of notable items in the same quarter was $(1.04).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it reported a net loss attributable to Mosaic for Q2 2024 of $162 million ($(0.50) per diluted share), Adjusted EBITDA of $584 million and Adjusted EPS of $0.54. It said the per-share impact of notable items in the same quarter was $(1.04).

  2. The company said revenue for Q2 totaled $2.8 billion, down 17% from the year-ago period, primarily reflecting the impact of lower selling prices. It said the gross margin rate was 14%, down from 17% in the year-ago period.

  3. The company said cash from operating activities was $847 million and free cash flow was $183 million in Q2. In the year-ago period, the figures were $1.1 billion and $197 million, respectively.

  4. The company said it returned $298 million of capital to shareholders in the first six months of 2024, including $160 million in share repurchases.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Mosaic Reports Q2 Net Loss and Adjusted Metrics

The company said it reported a net loss attributable to Mosaic for Q2 2024 of $162 million ($(0.50) per diluted share), Adjusted EBITDA of $584 million and Adjusted EPS of $0.54. It said the per-share impact of notable items in the same quarter was $(1.04).

Source · Based on the filing body and exhibits

Lower Revenue and Gross Margin Rate

The company said revenue for Q2 totaled $2.8 billion, down 17% from the year-ago period, primarily reflecting the impact of lower selling prices. It said the gross margin rate was 14%, down from 17% in the year-ago period.

Source · Based on the filing body and exhibits

Mosaic Reports Q2 Operating and Free Cash Flow

The company said cash from operating activities was $847 million and free cash flow was $183 million in Q2. In the year-ago period, the figures were $1.1 billion and $197 million, respectively.

Source · Based on the filing body and exhibits

First-Half Shareholder Returns

The company said it returned $298 million of capital to shareholders in the first six months of 2024, including $160 million in share repurchases.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.