The Mosaic Company Reports Q2 Earnings Miss, Authorizes $2B Share Repurchase Plan

The Mosaic Company (NYSE: MOS) reported its Q2 results, with EPS of $3.64 coming in worse than the consensus estimate of $3.99. Shares were trading more than 2% lower after-hours.

Revenue grew 92% year-over-year to $5.4 billion, missing the consensus estimate of $5.68 billion. The gross margin in Q2 was 34%, compared to 27% in Q2/21.

The company has returned $1.1 billion to shareholders during H1/22, including $1.0 billion of share repurchases. The company announced that its Board of Directors has approved a new $2.0 billion share repurchase authorization.

By Davit Kirakosyan

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