Mosaic
Q2 2023 Earnings Call
Aug 02, 2023, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to The Mosaic Company's second-quarter 2023 earnings conference call. At this time, all participants have been placed in a listen-only mode. After the company completes their prepared remarks, the lines will be open to take your questions. Your host for today's call is Paul Massoud, vice president of investor relations and FP&A of The Mosaic Company.
Mr. Massoud, you may begin.
Paul Massoud -- Vice President, Investor Relations
Thank you, and welcome to our second-quarter 2023 earnings call. Opening comments will be provided by Joc O'Rourke, president and chief executive officer, followed by a fireside chat and then open Q&A. Clint Freeland, senior vice president and chief financial officer; and Jenny Wang, senior vice president, global strategic marketing, will also be available to answer your questions. We will be making forward-looking statements during this conference call.
These statements include, but are not limited to, statements about future financial and operating results. They are based on management's beliefs and expectations as of today's date and are subject to significant risks and uncertainties. Actual results may differ materially from projected results. Factors that could cause actual results to differ materially from those in the forward-looking statements are included in our press release published yesterday and in our reports filed with the Securities and Exchange Commission.
We will also be presenting certain non-GAAP financial measures. Our press release and performance data also contain important information on these non-GAAP measures. Now, I'd like to turn the call over to Joc.
Joc O'Rourke -- President and Chief Executive Officer
Good morning. Thank you for joining our second-quarter 2023 earnings call. Mosaic delivered revenues of $3.4 billion, adjusted EBITDA of $744 million, and adjusted earnings per share of $1.04. First, I'd like to discuss the broader agricultural market. Where fundamentals remain constructive, global demand for crops is very strong, and supply is struggling to keep up.
Geopolitical events are having a major impact. The war in Ukraine continues to restrict supply from one of the world's most important agricultural regions. Last month, the UN Black Sea Grain Initiative collapsed and was followed by the bombing of several grain terminals. As a result, we expect Ukrainian exports of corn and wheat to be down by as much as 30% versus last year, which was in itself a down year.