Compass Minerals Intl Inc Stock Price, News & Analysis

Compass Minerals (NYSE: CMP) reported its fiscal 2025 Q2 results, highlighting progress in its back-to-basics strategy. The company achieved significant inventory reduction, with North American highway deicing inventory value and volumes down 47% and 59% year-over-year respectively. This led to a working capital release of nearly $150 million and helped reduce net total debt by approximately $170 million (18%) in the quarter. Revenue increased to $494.6 million, up from $364.0 million in the prior year. However, the company reported a net loss of $32.0 million ($0.77 per share). Salt revenue rose 39% to $432.7 million, driven by a 47% increase in sales volume. The Plant Nutrition segment revenue grew 16% to $58.3 million. The company also announced corporate optimization efforts, including eliminating over 10% of its workforce and winding down Fortress North America. These actions aim to generate additional cash flow and accelerate deleveraging.

Compass Minerals (NYSE: CMP) has scheduled the release of its second-quarter fiscal 2025 financial results for Wednesday, May 7, 2025, after market close. The company will host a conference call to discuss the results on Thursday, May 8, 2025, at 9:30 a.m. ET.

The earnings discussion will be led by President and CEO Edward C. Dowling Jr. and CFO Peter Fjellman. Investors can access the call via webcast at investors.compassminerals.com or by phone using the conference ID 7896827. U.S. and Canada participants should dial 1-800-715-9871, while international callers can use 1-646-307-1963.

Compass Minerals (NYSE: CMP) has announced significant cost-reduction measures, including eliminating over 10% of its corporate workforce positions and shuttering its Fortress North America fire retardant business. The restructuring, effective immediately, will eliminate nearly 50 positions total.

The company aims to increase free cash flow and retire debt through these initiatives, which are part of a strategic refocus on improving profitability in their core Salt and Plant Nutrition businesses. The company will provide severance packages and outplacement services to affected employees.

The estimated run-rate cost savings for the trailing 12-month period ended December 31, 2024, would range from $11 million to $13 million. The company expects to recognize a non-cash impairment from writing off Fortress-related assets and a non-cash gain from eliminating the remaining contingent consideration liability in Q2 2025.

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, has announced its participation in two upcoming investor events in Florida. Edward C. Dowling Jr., president and CEO, along with other management team members, will engage in one-on-one meetings at these conferences.

The scheduled events are the BMO 34th Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida on February 24, 2025, and the J.P. Morgan 2025 Global Leveraged Finance Conference in Miami Beach, Florida on February 25, 2025.

The company will make updated presentation materials available through the investor relations section of their website at compassminerals.com during these events.

Compass Minerals (NYSE: CMP) reported fiscal 2025 first-quarter results, showing revenue of $307.2 million, down from $341.7 million in the prior year. The company posted a net loss of $23.6 million, or $0.57 per diluted share, improving from a loss of $75.3 million in the previous year.

The Salt segment saw revenue decline 12% to $242.2 million, with sales volumes down 13% due to mild winter weather and lower pre-fill activity. North American highway deicing inventory volumes decreased 10% year-over-year. The Plant Nutrition segment revenue increased 24% to $61.4 million, driven by a 36% improvement in sales volumes, despite a 9% decrease in average sales price.

The company updated its fiscal 2025 guidance, projecting Salt segment revenue of $900-$1,000 million and Plant Nutrition revenue of $180-$200 million. Total adjusted EBITDA is expected to range between $152-$193 million. Capital expenditures were reduced to $75-$85 million from the original $100-$110 million range.

Compass Minerals (NYSE: CMP) has announced it will release its first-quarter fiscal 2025 financial results on Monday, February 10, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, February 11, 2025, at 9:30 a.m. ET.

The conference call will feature presentations from CEO Edward C. Dowling Jr. and CFO Peter Fjellman. Investors can access the call via webcast at investors.compassminerals.com or by phone using the following numbers: 1-800-715-9871 (US/Canada) or 1-646-307-1963 (International), with conference ID 7896827. An audio replay will be available on the company's website after the call.

Compass Minerals (NYSE: CMP) reported fiscal Q4 and full-year 2024 results, marking a challenging transitional year. The company faced significant headwinds including one of the mildest winters in 25 years, resulting in a net loss of $206.1 million for fiscal 2024, largely due to $191.0 million in non-cash impairments across Lithium, Fire Retardant, and Plant Nutrition businesses.

Key financial metrics include: Total adjusted EBITDA increased 4% year-over-year to $206.3 million; Salt business improved annual adjusted EBITDA per ton by 20% to $24.50 despite 18% lower sales volumes; Plant Nutrition sales volumes increased 25% to 273,000 tons. For fiscal 2025, the company expects Salt sales volumes to increase approximately 9%, while North American highway deicing prices are projected to decrease by 2% with committed volumes down 9%.

Compass Minerals (NYSE: CMP) has scheduled the release of its fourth-quarter and fiscal 2024 financial results for Monday, December 16, 2024, after market close. The company will host a conference call on Tuesday, December 17, 2024, at 10:00 a.m. ET, where CEO Edward C. Dowling Jr. and CFO Jeffrey Cathey will discuss the results. Investors can access the call via webcast at investors.compassminerals.com or by phone using the conference ID 7896827. An audio replay will be available on the company's website.

Intrepid Potash (NYSE: IPI) has appointed Kevin S. Crutchfield as Chief Executive Officer and Board director, effective immediately. Crutchfield brings over 30 years of global mining experience and 20+ years of leadership in public companies. He previously served as President and CEO of Compass Minerals, where he gained experience in minerals mining, brine operations, and specialty fertilizer products. Prior roles include CEO positions at Alpha Natural Resources and Contura Energy. Matt Preston will continue as Chief Financial Officer after serving as acting principal executive officer during the search process.