Mosaic reports Q2 earnings, increases FY Ebitda guidance

NYSE-listed fertiliser company Mosaic on Monday reported second-quarter earnings of $97.9-million, on net sales of $2.2-billion and increased its earnings before interest, taxes, depreciation and amortisation (Ebitda) range on strong underlying business performance and lower full-year taxes. The Plymouth-based company’s net earnings are much lower than the $97.3-million reported in the second quarter of 2017, as a result of costs associated with the acquisition of Vale Fertilizantes. The acquisition had a negative impact of $0.22 a share on second-quarter earnings.