The Mosaic (MOS) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reported quarter declined. The decrease was more pronounced compared to the same quarter a year earlier than from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reported quarter declined. The decrease was more pronounced compared to the same quarter a year earlier than from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
-14.9%
Change from the immediately preceding quarter.
Year-over-year
-25.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.8B
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, 2023 | $3.4B | -36.8% |
| Sep 30, 2023 | $3.5B | -33.7% |
| Dec 31, 2023 | $3.1B | -29.7% |
| Mar 31, 2024 | $2.7B | -25.7% |
Revenue performance
The current quarter's revenue continues a downward trend observed over the prior periods.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. The year-over-year comparison also showed a decline, with the magnitude larger than the sequential change.
What to watch
The filing context notes seasonality in the current quarter, which may be relevant for future comparisons.