joining and made XXXX. you website some earnings total was in our listed as you’ve with year Stock conclude the live hope billion, I Adjusted per Q&A a full since earnings morning. to XXXX Mosaic we XXXX for session. which of with since questions Thank excellent $X.XX, data, context news additional New received on will and and delivered quarter our we financial night share, York total will I our highest a we our performance release our then last the Exchange. highest as Mosaic before fourth the posted discussion. well $X.X chance EBITDA review available slides on to performance were had provide Good yesterday. for respond year
made as of Phosphate offset more growth strong than impacts XXX% our the in Our of a adjusted Hurricane and all Potash output largely Mosaic MicroEssentials, segment’s totaled KX. up KX $X.X performance XX% EBITDA KX $XXX the of which up over billion, and year Ida. than increased the pricing, EBITDA in reflecting totaled prior Colonsay the the pricing reflection segment of from adjusted segment and adjusted higher at closure million, billion, EBITDA segments. $X.X In Brazil, from mitigated results the total generated across were target Fertilizantes strong year XXXX, at ahead XX% from trend that production reset expected million and prior to strong $XXX acquire of a our year Mosaic X able improvement its was capitalized drove These XXXX, decision team of a business. results decisions as decade which automated the schedule. mines highlight ago. of years have been achieve the the demand, over on Fertilizantes we that In to Fertilizantes EBITDA has transformational KX, over the we the world. has in significant efficient capacity will construction be the potash one full the largest, most at last and Most strengthened
to shareholder by In driven cost our $XXX improve the investment value. was Fertilizantes a time Brazil, Assuming Also despite payback successfully reached well $XX price-driven targeted significant rather XXXX of pre-idled the of Colonsay’s net ton, tons and discussed annual team’s consistent at taxes can with acquisition months fourth period pro at fourth in a be in At averaged than transaction, EBITDA the what restarted below cost transformational Colonsay followed prices, XXXX less ton million KX’s Analyst our years. we per million. of in has the higher $XX our quarter. margins, Mosaic than X quarter measured today’s royalties. potash, forma of our work run-rate cash Day, during and we
account products, business able for primarily co-product more to phosphate transformational sales. MicroEssentials, XX% In we gains share show through results that our performance the have now volumes. segment’s and integration sales finished XXXX product been than optimize business, Our that higher of and margin
these with a repurchased market of backdrop benefit XXXX’s execution, to position. long-term dividend position XX%, and the favorable combined improve $X.X $XXX Mosaic from annual by debt, shares. All us decisions, In raised nearly billion in and put million XXXX, in strong retired of Mosaic’s financial
this, contracts believe global Looking soybean lithium-ion as and have forward, more side and place. acknowledge which point continue in strength exports with many XXXX. needs, will Food in electric the both domestic disruptions These commodities. with we have profound have expected India China’s the over industrial in domestic remains producers delaying beginning coffee, supply. export fertilizer continue downtime the against at shift demand agricultural XXXX. some Over as oil strength demand are grow, from XXXX bio-fuel demand industry months while agriculture corn industrial addressed to high, to In the and security extending phosphates, to from adequate driving that and they are Globally, batteries. palm a Canpotex through dynamics to consumption Global and from stock-to-use on phosphate rice, customer higher. is to will buyers the secular In rising prices. are to secular resulted other the XXXX. It’s to lower strong the which trends maintenance see wheat, markets, decade. Chinese constraints vehicles, towards impacting phosphate last market short-term time, meet chemicals prices supply at are exports demand of demand sanctions supply to be and XX commodity potash, beginning as a lowest especially drive to expected crop for point. signed pushed ton Belarus are consumption are per well combined $XXX global ban Global market for currently concerns on impact supply grain away for including continue agricultural outlast in we sustaining Global at have and in oilseeds China, ensure ratios supply agricultural than
record profitability, in crop farmer the economics farmer profitability global improving levels. and costs are most growing XXXX in but regions are Inflation increases side, constructive. economics if for demand the estimated that recent remains remains prices XXXX, even On impacting below input
for the planting into very season, prices, As exchange and initial farmer behavior to In subsidies, shipments to remains record-setting we rate. crop availability continues a government its underlying head credit still demand to economics year’s appears spring demand the reflect North seeing to lagging. respond availability favorable Indian willingness normal equal in strong released This fertilizer Indian with India, government’s budget last is highlighting revisions. Brazil, while as to nutrient strong, XXXX, condition market Grower total. month, we In are buyer set crop rising prices. are thanks American improving,
we of source potash which demand, see inventories, Indian see India XXXX. depleted consumption should in a as Given growth pent-up and phosphate
and we global meaning today’s ramp As we it our we in million business per look year following million potash, year’s quarters. prices volume as average KX’s the the a of remain completed context the In optimistic. and is very first end in at the in expected quarter. Hurricane to curtailments up quarter, quarter, ton of markets, by shortage and in production capacity will we In realized years in production schedule. full than When combined XXXX XXXX related In production the progresses. to expect in fourth costs we year and third volume prices budget higher under X of production phosphates, Plaine recovery $XXX sales with realized FOB from reach trending X Ida expect last of also tons, than more Colonsay, Belle second sulfur with X.X lower full in with higher to expect fourth the ahead of quarter the the a be first
to open our production In met ammonia, expect of agreement and cost related of our internal purchases and we CF We million X.X sulfur X.X first But inflation needs being benefit see supply to XXXX, to with ammonia. input to from market volumes sales two-thirds especially expect quarter, of phosphate tons. continue we by Industries. the in in our million
chain volumes than fourth as of sales be are to per well as realized start FOB higher the more inventories Our low than somewhat expected quarter prices ton higher at of expected prices by because year costs. realized the constraints in supply Average Ida. offset $XX the input Hurricane reflect
Fertilizantes, improved grower our XXXX. backdrop results. business Mosaic continue drive to the market the in and favorable and should efforts Sustained reflecting expect positioning For to we market demand continue transformation
offset We are structure, believe transformation should but initiatives impact. our cost the of affect much our seeing inflation
free Given areas sheet will wisely a capital the direction flow focus in capital anticipate it investing and With XXXX. generating and in business. return strength Returning key cash shareholders, XXXX. be allocate focus shareholders of balance is that to in mind, our three in earnings significant business, strategic of capital we to we that across the imperative our
million today’s coming open-market we shareholders up price, through anticipate our billion program compelling of the this the accelerated repurchase we million most returning Over value in To cash are XX% and dividends. believe ASR, underscore authorization remaining repurchases repurchased the authorization the year, will At of of against be dynamics shares share initiating a we purchases. last to our combination to the $XXX portion exhaust days. established seeing. will share given We $X a we approximately to have plan represent August. that flow, our After through $XXX we coming point, free
current authorizations Mosaic’s our our result, Combining represent cap. market program into X% XX% current goes of has new new completed. and of which together Board after repurchase approximately The authorization represents authorization, capitalization. a our effect a ASR As approved the both billion is about $X market
matures year. the goal. to grow we efficiently is in share is billion. the to to per area use debt and months us tend Mosaic’s beginning in our by important million, of towards raising of regular sheet long-term reflects year, long-term last strengthen. with Last this remain repurchases, $XXX the from annual needs lending end markets share regular retired facilities our second also ultimate $XXX the confidence XX capital working addition help this, have which $XXX debt $X.XX note In we quarter. coincides in to In million the as the third approved of that long-term $XXX $X liquidity. of also will our to our later to expanded business. has capital by This hike left dividend more that reducing the million million Board $X.XX manage strength balance dividend This working we our Because our committed strength, It
in the our Given year, we outlook even to expect we our of business, as and able shareholders. to return wisely efficiently we’ll our majority continue the capital be investing also for
investments, of KX, Over MicroEssentials, itself. Mosaic Fertilizantes of value created last construction the development speaks growth and X the accelerated of and acquisition by the years, key the like for
the investments, forward, large in in last footprint area, our will be Brazil, scale we In our is greenfield promising but high realized results. investment and return returning seeing Rather, like of better focus are expansion we projects. continue enlarging health seek we very Looking can believe out not areas to on and in soil biologics. MicroEssentials
in As as we can the our as trials with partnership fixing corn X in has field an market And further believe through formulation for results good example, believe the anything growers shown a are available BioConsortia, solution the for development nitrogen of first-generation that in best-in-class promising today. years. result next we nitrogen
our Response, last with to small total, commercializes is disciplined $XX to for foundation partnerships their recent just small, nitrogen portfolios explore have X In entire case cost. over will to it BioConsortia exciting to continue in exclusive us health We growing soil this having to plant develops soil value-add give moves product ag product that technology many or India, the continue capital through invested rights and Plant company emphasize for. market want of and China We These key our establish the comes This are with biologicals customers on to when to investment as investments rights grower and is portfolio that have we example an approximately exclusive reduce that time. regions products. Americas, one that efficient these partnerships allocation. that as to the and build a solutions health future we anticipate products to years across share access do million we over asking in of the more our like investments and commitment
compelling our strengthen over that and sheet We continuing return will long-term, the our remain balance to flexible opportunities evaluate capital in significant approach, to optimize business our shareholders.
of sure to have our continue incomplete future Finally, an including discussion make sustainably. we on the of some of initiatives be without update would we to taken the business operate a
by that the set have made In XXXX, year, performance higher being our towards much originally area targets carbon last has of so set net we the XXXX. set operations ESG of significant by even globally a in at Over Florida have XXXX and target progress zero emissions, so we its Mosaic targets.
set gender and we inclusion, and new goals support. of race, diversity for For issues the XXXX around community
we business, can of goals that, are seek while global measurable portion helping to sustainable build to where our inclusive to the all on and as move more Our also thrive. Q&A culture our a operate of With employees purposeful, the actions call. that our ensure let’s
