Mosaic Announces Revenue and Sales Volumes for January and February 2022

TAMPA, FL/ACCESSWIRE/March 21, 2022/ The Mosaic Company (NYSE:MOS) announced its combined sales volumes and revenues for January and February 2022 by business unit.

Potash(1)

January/February 2022

January/February 2021

Sales volumes in thousands of tonnes(2)

1,048

1,241

Turnover in millions

$

604

$

295

Phosphates(1)

January/February 2022

January/February 2021

Sales volumes in thousands of tonnes(2)

999

1,355

Turnover in millions

$

873

$

634

Mosaic Fertilizers(1)

January/February 2022

January/February 2021

Sales volumes in thousands of tonnes(2)

1,118

1,429

Turnover in millions

$

870

$

523

(1)Revenues and tonnes presented are sales as recorded during the period and do not reflect current market conditions due to delays between pricing and revenue recognition.

(2)Tons = tons of finished product

Logistics constraints continue to affect shipments. Rail delays in Canada and Central Florida persisted through the first two months of the year and are expected to continue through the end of the first quarter. In addition, potash shipments are expected to be further impacted by the Canadian Pacific Railway work stoppage. As a result, sales volumes for the first quarter of 2022 are now expected to be at or near the lower end of previous guidance ranges for potash and phosphates.

About Mosaic Company
The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash nutrients. Mosaic is a one-stop supplier of phosphate and potash fertilizers and feed ingredients to the global agricultural industry. More information about the company is available at www.mosaicco.com.

Mosaic Company Contacts
Investors:
Paul Massoud, 813-775-4260
paul.massoud@mosaicco.com

Media:
Ben Pratt, 813-775-4206
benjamin.pratt@mosaicco.com

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about proposed or pending future transactions or strategic plans and other statements about future financial and operational results. These statements are based on the current beliefs and expectations of The Mosaic Company’s management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: the economic impact and operational impacts of the Covid-19 pandemic, the potential decline in oil demand/production and its impact on the availability and price of sulfur and labor shortages; political and economic instability, civil unrest or armed conflict in the countries where we operate or changes in government policy in Brazil, such as higher costs associated with new mining rules or the implementation of new tables freight; the predictability, volatility and customer expectations of agriculture, fertilizer, raw materials, energy and transportation markets which are subject to competitive and other pressures and economic and credit market conditions ; the level of stocks in the crop nutrient distribution channels; the effect of future product innovations or the development of new technologies on demand for our products; fluctuations in foreign currencies and exchange rates; international trade and other risks associated with the international operations of Mosaic and those of joint ventures in which Mosaic participates, including the performance of the Wa’ad Al Shamal Phosphate Company (also known as MWSPC), the development and the timely start-up of operations of production facilities in the Kingdom of Saudi Arabia, and the future success of MWSPC’s current projects and any future changes to such projects; the risk that protests against natural resource companies in Peru will spread to or impact the Miski Mayo mine, which is operated by an entity majority-owned by us; customer defects; the effects of Mosaic’s decisions to exit its business operations or sites; changes in government policy; changes in environmental and governmental regulations, including expansion of the types and extent of water resources regulated by federal law, carbon taxes or other greenhouse gas regulations, implementing numerical water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River Basin, Gulf of Mexico, or elsewhere; subsequent developments in legal or administrative proceedings, or complaints that Mosaic’s operations adversely impact nearby farms, business operations or properties; difficulties or delays in receipt, increased costs or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic’s processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River Basin, the United States Gulf Coast, Canada, or Brazil, and including potential hurricanes, excessive heat, cold, snow , rainfall or drought; actual costs of various items that differ from management’s current estimates, including, but not limited to, decommissioning of assets, environmental remediation, reclamation or other environmental regulations, taxes and fees on Canadian resources or MWSPC costs; Mosaic’s reduced cash and available cash, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inputs to Mosaic’s potash mines or other potash pit mines; other accidents and disruptions involving Mosaic’s operations, including potential mine fires, floods, explosions, seismic events, sinkholes, or hazardous or volatile chemical releases; and risks associated with cybersecurity, including loss of reputation; and other risks and uncertainties disclosed from time to time in The Mosaic Company’s reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in forward-looking statements. The Company assumes no obligation to publicly update any forward-looking statements.

THE SOURCE: The Mosaic Company

See the source version on accesswire.com:
https://www.accesswire.com/694073/Mosaic-Announces-January-and-February-2022-Revenues-and-Sales-Volumes

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