Commercial Services and Supplies
Company Overview of Mosaic
Mosaic, an affiliated social ministry organization, provides supports and advocacy services to disabled people. It offers case management, day and children’s services, host homes, residential, and supported/intermittent services. The company was founded in 1913 and is headquartered in Omaha, Nebraska.
4980 South 118th Street
Omaha, NE 68137-2221
Founded in 1913
Key Executives for Mosaic
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Vice President of Fiscal Support
Compensation as of Fiscal Year 2013.
Mosaic Key Developments
Mosaic lays Off 51 Employees at its Saskatchewan Potash Operations
Mar 24 14
Mosaic announced that it laid off 51 employees at its Saskatchewan potash operations citing current market conditions for the job reductions. Mosaic officials confirmed the loss of these jobs, which will account for less than 2% of its workforce in the province, but declined to provide any further details, including an inquiry on market conditions, which have been difficult since the summer of 2013 but have shown signs of stabilising ahead of the upcoming North American crop season.
Mosaic, Ma Aden and SABIC Agree to Joint Phosphate Operation
Aug 5 13
Mosaic has entered into a shareholders agreement with Ma'aden and Saudi Basic Industries Corporation (SABIC) to participate in integrated phosphate production in Saudi Arabia. Under the terms of the agreement, Ma'aden will own 60% of the venture with Mosaic having a 25% stake and SABIC retaining 15% ownership of the greenfield project, to be known as Wa'ad Al Shamal, or Northern Promise, Phosphate Project. The $7 billion project will be built in the northern region of Saudi Arabia at Wa'ad Al-Shammal Minerals Industrial City, and have additional facilities in Ras Al Khair Minerals Industrial City, which is located on the east coast of Saudi Arabia. The project is being described as a highly cost-efficient operation and is expected to have an annual capacity of 3.5m tons of finished phosphate. Currently officials anticipate that operations will commence in late 2016. Per the agreement, Mosaic will contribute expertise to the design, construction and operations of the new facilities and will market their ownership percentage of the production including both fertilizer and animal feed. Company officials expect their cash investment to be around $1 billion and pending final approval, will be funded over a four-year period starting this year.
Mosaic Reports Earnings Results for the Fourth Quarter and Year Ended May 31, 2013
Jul 16 13
Mosaic reported earnings results for the fourth quarter and year ended May 31, 2013. For the three months ended May 31, 2013, the company's sales fell to $2.69 billion from $2.82 billion in the same period a year before, while operating earnings during the quarter were $621 million, down from $671 million a year ago.
For the year ended May 31, 2013, the company's net income was $1.89 billion, down from $1.93 billion reported during the company's fiscal 2012, while net sales were $9.97 billion, down from $11.1 billion a year ago. Operating earnings were $2.21 billion, a 15% decrease year on year.
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