The Mosaic Co., Plymouth, Minn., reported third quarter 2018 net earnings of $247.5 million ($0.64 per diluted share) on net sales of $2.93 billion, up from the year-ago $227.5 million ($0.65 per share) and $1.98 billion, respectively. Third quarter diluted earnings per share included a negative impact of $0.11 per share from notable items, primarily related to discrete tax items and costs associated with the Vale Fertilizantes acquisition.
“We saw strong fundamentals in the third quarter, and that momentum is continuing,” said Joc O’Rourke, Mosaic president and CEO. “We’ve increased our full year earnings guidance to reflect strong operational performance across business units, as well as improving market conditions. Our excellent progress on the transformational initiatives at Mosaic Fertilizantes is delivering tangible results to the bottom line.”