The Mosaic Company Reports Fourth Quarter And Full Year 2023 Results

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The Mosaic Company reported a net income of $1.2 billion and diluted earnings per share (EPS) of $3.50 for the full year 2023. Adjusted EBITDA(1) for the year was $2.8 billion and adjusted diluted EPS(1) was $3.57. The company reported a fourth-quarter net income of $365 million and diluted EPS of $1.11. Adjusted EBITDA(1) totaled $646 million for the quarter and adjusted diluted EPS(1) was $0.71. “Mosaic successfully navigated a highly dynamic market in 2023. We delivered strong free cash flow and returned significant capital to shareholders while reinvesting in the business” said Bruce Bodine, President and CEO. “Looking into 2024, Mosaic expects to continue to benefit from a strong phosphates market and is well positioned to deliver solid results as we optimize our low-cost potash operations. In addition, we are focused on improving our phosphates production level, expanding our portfolio of value-added products, growing our leading presence in Brazil, and enhancing the overall efficiency of our operations”.

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