The Mosaic Company (MOS) reported a first quarter net loss attributable to company of $257.6 million, compared to profit of $238.1 million in the same period of 2025. Loss per share was $0.81, compared to profit per share of $0.75. The company said its first quarter results were negatively impacted by $323 million of pre-tax notable items. Mosaic recorded $442 million of charges stemming from the idling of Araxa and Patrocinio. Adjusted net income per share attributable to Mosaic was $0.05 compared to $0.49. First quarter adjusted EBITDA totaled $416 million, down from $544 million in the same quarter last year. Net sales for the first quarter reached $2.998 billion, up from $2.620 billion in the first quarter of 2025.
Mosaic has withdrawn its phosphate production guidance for 2026 as it reviews its operating plan for the rest of the year. The company has taken initial steps to partially curtail production at Louisiana and Bartow and is scaling back additional production in Brazil. Mosaic has adjusted its 2026 capital expenditure guidance to$1.25 billion.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.