Mosaic Reports 1Q Results

The Mosaic Co., Tampa, reported a first-quarter net loss of $203 million, including $295 million of noncash foreign currency losses, which were primarily offset in other comprehensive income on the balance sheet. Adjusted net loss was $21 million, a decrease of $119 million from the prior year, as lower finished goods prices were partially offset by lower phosphate raw material costs and strong sales volumes. First-quarter net sales were $1.8 billion and finished goods sales volume increased 14 percent.