Mosaic cuts FY15 CapEx $1.1B-$1.3B from $1.1B-$1.4B SG&A expenses to range from $360 to $380 million, inclusive of costs from the recently acquired distribution business in Brazil and Paraguay. Brine management costs to be in the range of $180 to $200 million. The effective tax rate to be in the high teens.
Mosaic reports Q2 EPS $1.08 vs. 64c last year Reports Q2 revenue $2.49B vs. $2.44B last year. The year-over-year change was driven by higher phosphates operating earnings primarily as a result of higher sales volumes, and higher potash operating earnings as a result of higher realized prices and benefits from lower operating costs, partially offset by higher Canadian resource taxes.