The Mosaic Company (NYSE: MOS) today reported a fourth quarter 2017 net loss of $431 million, compared to net income of $12 million in the fourth quarter of 2016. Fourth quarter loss per share was $1.23, which included a negative impact of $1.57 per share from notable items, primarily related to non-cash charges as a result of changes in U.S. tax legislation. Adjusted earnings per share during the fourth quarter of 2017 were $0.341.
Joc O’Rourke, President and Chief Executive Officer, said:
“After a strong fourth quarter, we entered 2018 with positive market momentum and expect this year will be a transformational year for Mosaic. The addition of Vale Fertilizantes, the construction completion of the Ma’aden phosphate project and progress on the Esterhazy K3 complex further enhance our position as a world class, global fertilizer company.”