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Stock impact report

The Mosaic Company Announces Hurricane Ida Impacts

Mosaic Company (The) (MOS) 
Last mosaic company (the) earnings: 2/19 04:42 pm Check Earnings Report
US:NYSE Investor Relations: investors.mosaicco.com
Company Research Source: Accesswire
TAMPA, FL / ACCESSWIRE / September 2, 2021 / The Mosaic Company (NYSE:MOS) announced today that North American phosphate operations are expected to be negatively impacted by damage caused by Hurricane Ida.Wind damage to the Faustina and Uncle Sam facilities from the storm is expected to result in reduced production as repairs are completed over the next 8 to 9 weeks. The following expectations also include estimates of production loss from an August equipment failure at the company's New Wales facility in Florida.In the third quarter, relative to historical averages, production is expected to be down by approximately 300,000 tonnes. Fourth quarter operating rates are expected to improve sequentially, but production may still be down from historical averages. Mosaic plans to provide an update, including estimated financial impacts of the hurricane, when it reports third quarter results.The hurricane also caused navigational issues on the Mississippi River, which could cause congestion Show less Read more
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