SOURCE: Industrial Info Resources

Industrial Info Resources

July 18, 2012 06:30 ET

Mosaic Company Sees Tough Price Environment in 2012 Fiscal Year, Expects to Spend at Least $1.5 Billion This Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 18, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading miner and fertilizer producer The Mosaic Company (NYSE:MOS) (Plymouth, Minnesota) reported mixed results for the company's fiscal 2012 fourth quarter and full year, as the quarter saw stronger potash prices but weakened phosphate prices. Lower sales volumes in the Potash segment and higher raw material costs in the Phosphate segment wore away at full-year earnings. Net earnings were reported to be $507.3 million for the quarter, a 78.14% decrease from the fourth quarter of fiscal year 2011, and $1.93 billion for the year, a 23.24% decrease from fiscal 2011.

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