KEY ITEMS
* Total phosphate sales volumes were 3.7 million tonnes and the average diammonium phosphate (DAP) selling price was $461 per tonne
* Total potash sales volumes were 1.8 million tonnes and the average muriate of potash (MOP) selling price was $331 per tonne
* Gross margin as a percent of net sales significantly improved to 29 percent, compared to 18 percent in the prior year
* Cash flow from operating activities was $531.7 million for the second quarter of fiscal 2011 compared to $174.8 million in the prior year
* Subsequent to the quarter end, the Company announced the redemption of the remaining $455.4 million aggregate principal amount of its 7-3/8% senior notes due December 2014. The redemption will occur on January 13, 2011
* Mining a limited portion of Mosaic's South Fort Meade phosphate mine resumed in early December as a result of a partial settlement of a legal dispute
Wednesday, January 5, 2011
The Mosaic Company Reports Substantial Increase Second Quarter Fiscal 2011, Net Earnings MOS Stock News
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