The company said net earnings attributable to Mosaic for Q1 2024 were $45 million ($0.14 per diluted share), and Adjusted EBITDA was $576 million. Net earnings for the year-ago period were $435 million, and Adjusted EBITDA was $777 million.

1. 01

   The company said net earnings attributable to Mosaic for Q1 2024 were $45 million ($0.14 per diluted share), and Adjusted EBITDA was $576 million. Net earnings for the year-ago period were $435 million, and Adjusted EBITDA was $777 million.

2. 02

   The company said revenues for Q1 totaled $2.7 billion, down 26% from the year-ago period, reflecting the impact of lower selling prices. The gross margin rate was 14.9%, down from 18.6% in the year-ago period.

3. 03

   The company said its results for Q1 2024 reflected after-tax notable items totaling $165 million, mainly from a foreign currency transaction loss, an unrealized loss on derivatives and an adjustment to environmental reserves. It said these items had an impact of $(0.51) on earnings per share.

4. 04

   Mosaic said cash from operating activities was $(80) million and free cash flow was $203 million for Q1 2024. The company also said it returned $178 million to shareholders in the same quarter, including share repurchases of $108 million.

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.

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

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