Published July 17, 2012
Mosaic Company The (MOS) saw its profit decline in the fourth quarter.
Earnings and Revenue
The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $1.19 a share versus the $1.17 a share estimate and revenues of $2.82 billion versus the $2.54 billion estimate. The estimates of 14 analysts ranged from profit of 94 cents to profit of $1.37.
The company's net income for the quarter was $507.3 million. According to the reported number, this is down 21.9% from last year's levels. Revenue fell 1.4% from $2.86 billion in the same period last year.
Company Fundamental Trends
Last quarter marks the third in a row in which the company's net income has fallen. Profits declined 49.6% in the third quarter and 39.2% in the second quarter. Revenue declined last quarter after shrinking 1.1% to $2.19 billion in the third quarter.
History Against Expectations
The company topped expectations last quarter after falling short of forecasts in the third quarter. It reported net income of 72 cents versus a mean estimate of net income of 76 cents per share.
"We completed a fiscal year of significant accomplishments with a strong fourth quarter," said Jim Prokopanko, President and Chief Executive Officer of Mosaic."The extended spring season in North America, along with continuing strong demand for our products in Central and South America, led to solid financial results for the quarter. Despite challenging market conditions for much of the fiscal year, Mosaic made great progress. We improved our operating efficiency in both Potash and Phosphates, made substantial headway on our potash expansion projects, set new records for premium product sales and cash from operations, and, most important, our people delivered our best safety performance ever."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.