Mosaic Q4 Profit Surges - Quick Facts

(RTTNews) - Mosaic Co. (MOS) Thursday announced that fourth-quarter net earnings surged to $390.6 million or $1.08 per share from $248.4 million or $0.64 per share in the prior-year quarter. Results for the latest quarter had a positive impact of $0.03 per share.

Mosaic's net sales for the quarter increased to $2.49 billion from $2.44 billion in the same quarter last year. Analysts expected revenues of $2.54 billion.

Looking ahead to the third quarter of fiscal 2015, the company expects total sales volumes for the phosphates segment in a range of 2.1 to 2.4 million tonnes, for the potash segment in the range of 1.6 to 2.0 million tonnes, and for the International Distribution segment in the range of 1.9 to 2.2 million tonnes.

For fiscal 2015, the company now projects phosphates sales volumes in the range of 9.5 to 10.0 million tonnes, compared to the prior 9.0 to 10.0 million tonnes, and potash sales volumes in the range of 8.2 to 8.6 million tonnes, compared to the previous 8.5 to 9.0 million tonnes. It also projects international distribution sales volumes in the range of 6.0 to 6.5 million tonnes, compared to earlier 6.0 to 7.0 million tonnes.

Further, as the company previously announced, Executive Vice President and Chief Operating Officer James "Joc" O'Rourke will succeed Prokopanko as president and CEO on August 5, 2015. Prokopanko will remain in an advisory role until his planned retirement in January 2016.