Mosaic Sets 2027 Financial Targets Amid Ongoing Phosphate Market Challenges
The Mosaic Company (MOS) has outlined specific long-term financial targets as it navigates a challenging period in the phosphate market. Management aims to reduce Selling, General and Administrative (SG&A) expenses to below $500 million and limit Capital Expenditures (CapEx) to under $1 billion by 2027. CEO Bruce Bodine emphasized that the company is focused on managing controllable variables to mitigate the impact of ongoing phosphate market curtailments. These strategic cost-containment measures are intended to stabilize the company's financial position despite current industry headwinds.
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