mosaic co/the (MOS) Key Developments
The Mosaic Company Declares Quarterly Dividend, Payable on June 18, 2015
May 14 15
The board of directors of The Mosaic Company has declared a quarterly dividend of $0.275 per share on the company's common stock, which is an increase from the previous quarterly dividend of $0.25. The dividend will be paid on June 18, 2015, to stockholders of record as of the close of business on June 4, 2015.
The Mosaic Company Announces Management Changes, Effective August 5, 2015
May 13 15
The Mosaic Company announced that its Board of Directors has elected James "Joc" C. O'Rourke, currently Executive Vice President Operations and Chief Operating Officer, to succeed James T. Prokopanko as President and Chief Executive Officer, effective August 5, 2015. After that date, Mr. Prokopanko will serve as Senior Advisor until his planned retirement on January 4, 2016. Mr. O'Rourke, 54, has served as the company's Executive Vice President Operations and Chief Operating Officer since 2012 and joined the company as Executive Vice President Operations in 2009. Prior to joining the company, Mr. O'Rourke was President, Australia Pacific for Barrick Gold Corporation, where he was responsible for the Australia Pacific Business Unit consisting of ten gold and copper mines in Australia and Papua New Guinea. Before that, Mr. O'Rourke held various management, engineering and other roles in the mining industry in Canada and Australia.
The Mosaic Company Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015; Provides Tax Rate Guidance for the Year 2016
Apr 30 15
The Mosaic Company reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $2,139.1 million compared to $1,986.2 million a year ago. Operating earnings were $318.5 million compared to $266.6 million a year ago. These are driven by higher phosphate and potash prices, higher phosphate sales volumes and lower operating costs in the Potash segment, partially offset by higher phosphate raw material costs, lower potash sales volumes and an increase in Canadian resource taxes and royalties. Earnings from consolidated companies before income taxes were $326.7 million compared to $218.4 million a year ago. Earnings from consolidated companies were $296.0 million compared to $221.0 million a year ago. Net earnings attributable to the company were $294.8 million or $0.80 per diluted share compared to $217.5 million or $0.54 per diluted share a year ago. Net cash provided by operating activities was $655.5 million compared to $627.0 million a year ago. Capital expenditures were $229.5 million compared to $274.9 million a year ago. EBITDA was $500 million against $438 million a year ago. Net debt was 1,310 million against $560 million a year ago. The company adjusted earnings were $0.70 per share, with foreign currency transaction gains accounting for most of the difference.
For the quarter, the company reported phosphates sales volume was 2,297,000 tones against 2,051,000 tones a year ago. Phosphates realized average dap price was 458 per ton against 413 per ton a year ago. Phosphates revenue was 1,172 million against 959 million a year ago. Potash sales volume was 2,027,000 tones against 2,355,000 tones a year ago. Potash realized average dap price was 288 per ton against 267 per ton a year ago. Potash revenue was 653 million against 733 million a year ago.
The company provided earnings guidance for the year 2015. For the year, the company expects effective tax rate to be in the high teens, excluding discrete items. Capital expenditures and investments expect to be in the range of $1.1 to $1.4 billion.
For 2016, the effect of tax rate is expected to return to the low 20% range.
The Mosaic Company Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-20-2015 through May-21-2015
Apr 28 15
The Mosaic Company Presents at BMO Capital Markets 10th Annual Farm to Market Conference 2015, May-20-2015 through May-21-2015. Venue: Grand Hyatt New York, New York, New York, United States. Presentation Date & Speakers: May-21-2015, James T. Prokopanko, Chief Executive Officer, President and Director.
The Mosaic Company - Shareholder/Analyst Call
Apr 16 15
2015 Annual Meeting of Stockholders