The Mosaic (MOS) Revenue — Quarter Ended Mar 31, 2023
Revenue decreased versus both the prior quarter and the same quarter a year earlier. The sequential decline continued the pattern of slowing sales observed in recent quarters.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue decreased versus both the prior quarter and the same quarter a year earlier. The sequential decline continued the pattern of slowing sales observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
-19.6%
Change from the immediately preceding quarter.
Year-over-year
-8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $5.4B | +91.8% |
| Sep 30, 2022 | $5.3B | +56.5% |
| Dec 31, 2022 | $4.5B | +16.7% |
| Mar 31, 2023 | $3.6B | -8.1% |
Revenue performance
Net sales for the quarter were reported at a lower level than any of the three preceding quarters. The year-over-year comparison also showed a decline, marking a reversal from the growth seen in earlier periods.
Quarterly comparison
Sequentially, revenue fell from the immediately preceding quarter. On an annual basis, revenue was below the level posted in the same quarter one year earlier.
What to watch
The filing context contains no discussion of the specific drivers of the revenue change.