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Compass Minerals International, Inc. - CMP STOCK NEWS

Welcome to our dedicated page for Compass Minerals International news (Ticker: CMP), a resource for investors and traders seeking the latest updates and insights on Compass Minerals International stock.

Compass Minerals International, Inc. (NYSE: CMP) is a leading provider of essential minerals that address nature's challenges and improve quality of life. The company is headquartered in the Kansas City metropolitan area and operates mineral production facilities across the U.S., Canada, and the U.K.

Core Business: Compass Minerals specializes in two primary products: salt and specialty plant nutrition minerals. The company's salt products are essential for winter roadway safety, industrial processes, and consumer needs. Their specialty plant nutrition products, derived from sulfate of potash and magnesium chloride, are crucial for enhancing crop quality and yield.

Product Portfolio: The company offers a diverse range of products including:

  • Bulk treated and untreated highway deicing salt for North America and the U.K.
  • Consumer deicing and water conditioning products.
  • Commercial and consumer culinary salt.
  • Mineral-based agricultural solutions and industrial applications.

Major Operations: Compass Minerals' key assets are strategically located. They include rock salt mines in Ontario, Canada, Louisiana in the U.S., and the U.K. In Utah, the company's brine operation at the Great Salt Lake produces sulfate of potash, catering to high-value crop growers sensitive to standard potash.

Recent Achievements and Projects: Compass Minerals has recently focused on enhancing its production capabilities and expanding its market reach. The company continually invests in technology to improve efficiency and sustainability in its operations. Additionally, partnerships with industry leaders are enhancing their offerings and market footprint.

Financial Condition: Compass Minerals maintains a strong financial position, supported by consistent demand for its products in both consumer and industrial sectors. The company's strategic initiatives aim to further solidify its market position and drive long-term growth.

For more information, visit Compass Minerals.

News

Vance Holtzman Elected to Compass Minerals Board of Directors

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Compass Minerals (NYSE: CMP) appoints Vance O. Holtzman to its board of directors, representing Koch Industries Inc. Holtzman brings financial expertise and experience in extractive industries. The board now consists of eight members.
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Compass Minerals Announces Participation in Loop Capital Markets’ 5th Annual Investor Conference

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Compass Minerals (CMP) to participate in Loop Capital Markets' Investor Conference with CFO Lorin Crenshaw on March 11, 2024.
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Compass Minerals and Utah Division of Forestry, Fire and State Lands Entering into Voluntary Agreement Regarding Water Conservation on the Great Salt Lake

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Compass Minerals (CMP) has agreed to a Term Sheet with the Utah Division of Forestry, Fire and State Lands (FFSL) to preserve the Great Salt Lake. The company will make voluntary water conservation commitments to ensure long-term sustainability. The agreement aims to balance mineral extraction with lake health, following new legislative amendments. Compass Minerals' Ogden facility, operating on the lake for over 50 years, will work towards a binding Voluntary Agreement with FFSL.
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Compass Minerals Announces Participation in BMO Global Metals, Mining & Critical Minerals Conference

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Compass Minerals (CMP) will attend the BMO Global Metals, Mining & Critical Minerals Conference from Feb. 26-28, 2024, with key executives participating in one-on-one meetings. Updated presentation materials will be accessible on the company's website.
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Compass Minerals Names Gordon Dunn Chief Operations Officer

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Compass Minerals (NYSE: CMP) appoints Gordon Dunn as new COO to oversee global operations, focusing on operational efficiencies and cost reduction. Dunn's extensive mining experience expected to enhance shareholder returns.
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Compass Minerals Declares Fiscal Second Quarter of 2024 Dividend

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Compass Minerals (CMP) announces a quarterly cash dividend of $0.15 per share, payable on March 20, 2024, to shareholders of record as of March 11, 2024.
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Compass Minerals Reports Fiscal 2024 First-Quarter Results

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Compass Minerals (CMP) reported fiscal 2024 first-quarter results, focusing on improving cash flow generation and returns on capital in core businesses. The company announced the termination of the lithium project, recognizing an expense of approximately $77.3 million. The Salt business saw a 7% increase in operating earnings and an 8% increase in adjusted EBITDA year-over-year. Plant Nutrition sales volumes increased by 67% year-over-year. The company's liquidity at the end of the quarter was $245.8 million, with a $375 million revolving credit facility available.
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Compass Minerals Announces Conference Call to Discuss First-Quarter Fiscal 2024 Results

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Compass Minerals (CMP) will release its first-quarter fiscal 2024 results on Feb. 7, 2024, with the president, CEO, and CFO discussing the results on a conference call the following day. Access to the call will be available via webcast or phone, with an audio replay available on the company's website.
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Compass Minerals Names Edward Dowling Chief Executive Officer

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Compass Minerals (NYSE: CMP) has announced the appointment of Edward C. Dowling Jr. as the new president and CEO, effective Jan. 18, 2024. Dowling brings over 30 years of leadership experience and international mining expertise to the role, having served in CEO positions with Alacer Gold Corp., now SSR Mining Inc., and Meridian Gold Inc. He succeeds Kevin S. Crutchfield, who will step down from his position as the company’s president, CEO, and board member. The company's board looks forward to leveraging Dowling’s deep leadership experience and perspectives as they renew their focus on reducing costs, driving positive free cash flow, and generating sustained value through their unique set of advantaged assets.
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Compass Minerals Declares Fiscal First Quarter of 2024 Dividend

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Compass Minerals (CMP) declares a quarterly cash dividend of $0.15 per share, payable on Dec. 20, 2023, to shareholders of record as of Dec. 11, 2023.
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FAQ

What is the current stock price of Compass Minerals International (CMP)?

The current stock price of Compass Minerals International (CMP) is $14.83 as of November 22, 2024.

What is the market cap of Compass Minerals International (CMP)?

The market cap of Compass Minerals International (CMP) is approximately 604.7M.

What does Compass Minerals International, Inc. do?

Compass Minerals provides essential minerals like salt for roadway safety and specialty plant nutrition minerals to enhance crop quality and yield.

Where is Compass Minerals headquartered?

The company is headquartered in the Kansas City metropolitan area.

What are the main products of Compass Minerals?

The main products are salt for deicing and specialty plant nutrition minerals such as sulfate of potash and magnesium chloride.

Where are Compass Minerals' primary operations located?

Their primary operations are located in the U.S., Canada, and the U.K., including rock salt mines in Ontario, Louisiana, and the U.K. and a brine operation at the Great Salt Lake in Utah.

Who are the main customers of Compass Minerals?

The main customers include municipal agencies for roadway deicing, industrial clients, consumers, and agricultural growers.

What recent achievements has Compass Minerals made?

The company has focused on improving production efficiency, expanding market reach, and forming partnerships to enhance offerings.

How does Compass Minerals contribute to agriculture?

They produce specialty plant nutrition minerals like sulfate of potash, which improve the quality and yield of high-value crops.

Is Compass Minerals involved in any environmental sustainability initiatives?

Yes, they continuously invest in technologies to improve the efficiency and sustainability of their operations.

What financial condition is Compass Minerals in?

Compass Minerals maintains a strong financial position, with steady demand for their products in both consumer and industrial sectors.

Where can I find more information about Compass Minerals?

For more information, visit their website at www.compassminerals.com.

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Compass Minerals International, Inc.

NYSE:CMP

CMP Rankings

#2964 Ranked by Market Cap
#724 Ranked by Dividends

CMP Stock Data

604.75M
33.94M
18.09%
86.33%
7.53%
Other Industrial Metals & Mining
Mining & Quarrying of Nonmetallic Minerals (no Fuels)
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United States of America
OVERLAND PARK