05:27 PM EDT, 08/05/2025 (MT Newswires) -- Mosaic (MOS) reported Q2 adjusted earnings late Tuesday of $0.51 per share, down from $0.54 a year earlier.

Analysts polled by FactSet expected $0.73.

Net Sales for the quarter ended June 30 were $3.01 billion, up from $2.82 billion.

Analysts surveyed by FactSet expected $3.14 billion.

Mosaic said it met its $150 million cost reduction target set two years ago and is now aiming for $250 million in savings by the end of 2026. The new goal will be driven by automation, supply chain improvements, operational efficiencies, gross margin optimization, and better fixed cost absorption as phosphate production normalizes.

Shares of the company were down 4.7% in recent after-hours activity.