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Mosaic misses quarterly profit estimates, finance chief Freeland to retire
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Mosaic misses quarterly profit estimates, finance chief Freeland to retire
Nov 12, 2024 4:24 PM

Nov 12 (Reuters) - Fertilizer producer Mosaic

missed Wall Street estimates for third-quarter profit on

Tuesday, hurt by production snags due to operational issues.

Mosaic had cut its third-quarter sales forecast in September

after its production was hit by equipment failures in Canada and

hurricanes at the U.S. Gulf Coast.

The company also appointed Luciano Siani Pires as its new

Chief Financial Officer, and will start from Jan. 1. Pires

succeeds Clint Freeland who is retiring from his role as

executive vice president and CFO, but will continue as a senior

advisor until July 1.

The Tampa, Florida-based company reported adjusted earnings

of 34 cents per share for the quarter ended Sept. 30, compared

with analysts' average estimate of 54 cents per share according

to data compiled by LSEG.

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