Mosaic Lowers 2015 Capital Expenditure Outlook - Quick Facts

(RTTNews) - While reporting its financial results for the third quarter today, Mosaic Co. (MOS) lowered its outlook for fiscal 2015 capital expenditures and investments to a range of about $1.1 billion to $1.2 billion, from the prior range of $1.1 billion to $1.3 billion.

The company also said it expects fourth-quarter sales volumes for the phosphates segment in a range of 1.9 million to 2.2 million tonnes, down from 2.4 million tonnes last year.

Total fourth-quarter sales volumes for the potash segment are expected to range from 1.8 million to 2.1 million tonnes for the fourth quarter, compared to 2.3 million tonnes last year. Total sales volumes for the International Distribution segment are expected to range from 1.3 million to 1.6 million tonnes for the fourth quarter of 2015, compared to 1.1 million tonnes last year.