Quarterly ResultMay 11, 2026, 02:52 PM
Mosaic Reports Q1 Net Loss of $257.6M; EPS $(0.81)
AI Summary
Mosaic reported a significant net loss of $257.6 million for the first quarter of 2026, a sharp decline from a net income of $238.1 million in the prior-year quarter. This was primarily driven by a $232.6 million loss on assets to be sold and substantially higher operating expenses, which led to an operating loss of $372.9 million. Despite an increase in net sales to $2,998.0 million, gross margin decreased significantly, contributing to the overall negative financial performance.
Key Highlights
- Mosaic reported a net loss of $257.6 million in Q1 2026, compared to a net income of $238.1 million in Q1 2025.
- Basic net loss per share was $(0.81) in Q1 2026, down from $0.75 earnings per share in Q1 2025.
- Net sales increased to $2,998.0 million in Q1 2026 from $2,620.9 million in Q1 2025.
- Gross margin decreased significantly to $235.6 million in Q1 2026 from $488.4 million in Q1 2025.
- Operating earnings swung to a loss of $(372.9) million in Q1 2026 from earnings of $338.5 million in Q1 2025.
- The company recorded a $232.6 million loss on assets to be sold in Q1 2026.
- Net cash provided by operating activities increased to $104.2 million in Q1 2026 from $42.9 million in Q1 2025.
- Short-term debt increased to $1,202.3 million as of March 31, 2026, from $759.9 million at December 31, 2025.
Price Impact
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