The Mosaic (MOS) Revenue — Quarter Ended Jun 30, 2023
Reported revenue declined from both the prior quarter and the same period a year ago. The sequential decrease was modest, while the year-over-year drop was much steeper.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Reported revenue declined from both the prior quarter and the same period a year ago. The sequential decrease was modest, while the year-over-year drop was much steeper.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.8%
Change from the immediately preceding quarter.
Year-over-year
-36.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
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 |
|---|---|---|
| Sep 30, 2022 | $5.3B | +56.5% |
| Dec 31, 2022 | $4.5B | +16.7% |
| Mar 31, 2023 | $3.6B | -8.1% |
| Jun 30, 2023 | $3.4B | -36.8% |
Revenue performance
The revenue decline accelerated sharply compared with a year earlier, with net sales falling by more than a third. The sequential contraction from the immediately preceding quarter was in the single digits.
Quarterly comparison
In the current quarter, revenue was lower than the immediately preceding quarter, which itself had declined from the two prior quarters. The year-ago quarter had been the highest of the trailing four quarters.
What to watch
The magnitude of the year-over-year decline warrants attention, particularly as the current quarter is the second consecutive sequential decrease.