17 October 2024, Florida: The Mosaic Company (NYSE:MOS) today provided an update on the impact of the recent hurricanes on North American phosphate operations.
Last week Mosaic proactively idled all Florida operations ahead of Hurricane Milton to mitigate potential impacts. Based on early assessments, limited damage was sustained across the facilities and to products in warehouses. Power has been restored to all facilities, and ports in the region have re-opened. The facilities are expected to return to full production capacity over the coming days as site remediation and cleanup are completed.
Mosaic previously announced a production disruption at its Riverview facility due to Hurricane Helene.
Mosaic will provide an update on production losses from the above noted weather events as recovery efforts progress.
Mosaic is pleased to announce no significant environmental impacts occurred due to the storms. In addition, Mosaic contributed $500,000 to organizations that are assisting our Florida operating communities with recovery. Mosaic has several programs in place for its affected team members, including an Employee-to-Employee Assistance Fund.
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