Here is why The Mosaic Company (MOS) stock went down on Monday?


The Mosaic Company (MOS) shares declined 1.59% in after-hours on Monday, November 1, 2021, and closed the daily trading at $40.80. Even in regular trading, MOS’s stock lost 0.26%. MOS shares have risen 124.11% over the last 12 months, and they have moved down 2.29% in the past week. Over the past three months, the stock has gained 32.29%, while over the past six months, it has jumped 20.77%.

Let’s see what are the recent news about the company?

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MOS latest financial results announcement

On November 1, 2021, The Mosaic Company (MOS) released its financial results for the third-quarter earnings of 2021.

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Q3 2021 financial highlights

  • MOS reported revenue of $3.4 billion in Q3 2021 compared to $2.38 billion in Q3 2020.
  • The gross margin was $865 million in Q3 2021 compared to $355 million in Q3 2020.
  • Selling, general and administrative expenses were $97.7 million in Q3 2021 which were approximately the same in Q3 2020.
  • It reported a net income of $372 million, or $0.97 per diluted share, for the third quarter of 2021 compared to net income of $6.2 million or $0.02 per diluted share, for the third quarter of 2020.
  • Adjusted EBITDA was $969 million in Q3 2021.

MOS Dividend Declaration

On October 20, 2021, the board of directors of The Mosaic Company (MOS) declared a quarterly dividend of $0.075 per share on the Company’s common stock. The dividend will be paid on December 16, 2021, to stockholders of record as of the close of business on December 2, 2021.

MOS update on Hurricane Ida damage

On September 2, 2021, The Mosaic Company (MOS) announced that due to the Hurricane Ida damage, North American phosphate operations are expected to be negatively impacted.

The company is expecting low production from the Faustina and Uncle Sam facilities due to strong wind damage from the storm. The company said that Fourth-quarter operating rates are expected to improve sequentially, but production may still be down from historical averages.

MOS optimization its capital base

On August 23, 2021, The Mosaic Company (MOS) announced several actions to strengthen and optimize its capital base.

The company’s board approved a new $1 billion share repurchase program to replace previous authorization that had $700 million of the original $1.5 billion remainings.

Mosaic also announced early redemption of $450 million in notes that were due November 2021, which represents the first step toward reaching the company’s goal of retiring $1 billion of debt over time.

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Due to not meeting the revenue and other financial estimates in Q3 2021, Mosaic stock went down in the after-hours on Monday. But it can return towards positivity in the coming trading sessions due to its strong financial position.


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