Mosaic reports Q3 adjusted EPS 68c, consensus 76c

Reports Q3 revenue $3.5B, consensus $3.23B. “Our third quarter results highlight the versatility of our business. Destocking inventories in Brazil early in the year left us well positioned for the second half of 2023 and 2024,” said CEO Joc O’Rourke. “As we look ahead, our outlook is positive. Around the world, growers are incentivized to maximize yields through appropriate levels of fertilizer application. As a result, demand for our products has rebounded this year, and we expect robust demand through 2024.”