The Mosaic Company (MOS) Raises Q4 Guidance

On Monday with the markets closed, The Mosaic Company (NYSE: MOS) announced that expects reported phosphates volume and phosphates and potash margins will exceed previously provided guidance ranges, and that potash volumes will be at the high end of guidance range, resulting in fourth quarter 2014 earnings per diluted share in the range of $0.93 to $0.98 per share, including approximately $0.10 in net benefits from notable items. The notable items include early estimates of discrete tax benefits, primarily related to the acquisition of a Brazilian distribution business, which may change. We expect earnings, excluding notable items, to be in the range of $0.83 to $0.88 per share. The Wall Street consensus is $0.58.

"Demand for potash and phosphates exceeded our expectations during the fourth quarter," said Jim Prokopanko, President and Chief Executive Officer. "We were cautiously optimistic going into the fall application season with good crop nutrient affordability and an empty supply chain, but customers came to the market in force, as they sought to position inventory in anticipation of a strong spring season and increasing crop nutrient prices.

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