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Overview of Compass Minerals Intl Inc. (CMP)
Compass Minerals Intl Inc. (NYSE: CMP) is a diversified provider of essential minerals that address critical challenges across public safety, agriculture, and industrial applications. Headquartered in the Kansas City metropolitan area, the company operates a robust network of mineral production facilities across the United States, Canada, and the United Kingdom. With a history spanning decades, Compass Minerals has established itself as a key player in the production and distribution of salt and specialty plant nutrition products, serving a wide range of end markets.
Core Business Segments
Salt Products: Compass Minerals is a leading supplier of bulk treated and untreated highway deicing salt, which is crucial for ensuring roadway safety during winter months. The company also offers consumer deicing products, water conditioning solutions, and culinary salts for both commercial and household use. Its salt products are sourced from strategically located rock salt mines in Ontario, Louisiana, and the United Kingdom, enabling efficient distribution to customers in North America and Europe.
Specialty Plant Nutrition: The company produces high-quality specialty fertilizers, including sulfate of potash (SOP), which is derived from its unique brine operation at the Great Salt Lake in Utah. These fertilizers are tailored for high-value crops sensitive to standard potash, helping growers improve crop yield and quality. This segment supports sustainable agricultural practices and addresses the growing global demand for food security.
Operational Footprint
Compass Minerals' production facilities are strategically located to optimize logistical efficiency and market reach. Its rock salt mines and brine operations provide a reliable supply of raw materials, while its distribution network ensures timely delivery to customers. The company's operations in the United Kingdom also include records management services, demonstrating its ability to diversify revenue streams and leverage existing infrastructure.
Market Significance
The company's products play a vital role in addressing seasonal and year-round challenges. Deicing salt is indispensable for maintaining public safety during winter, while specialty fertilizers support the agricultural sector's efforts to meet rising food demand. By serving these critical markets, Compass Minerals contributes to societal well-being and economic stability.
Competitive Positioning
Compass Minerals differentiates itself through its unique asset base, including one of the largest rock salt mines in the world and a specialized brine operation. This allows the company to produce high-quality products efficiently and sustainably. Its diversified product portfolio and geographic reach provide resilience against market fluctuations, such as varying winter severity or agricultural demand cycles. In a competitive landscape that includes other salt and fertilizer producers, Compass Minerals' focus on innovation, sustainability, and customer-centric solutions enhances its market position.
Commitment to Sustainability
Compass Minerals is dedicated to sustainable practices, particularly in its specialty plant nutrition segment, which supports environmentally responsible agriculture. The company also strives to minimize its environmental impact through efficient resource utilization and adherence to regulatory standards.
Conclusion
Compass Minerals Intl Inc. is a critical player in the essential minerals industry, addressing diverse challenges across public safety, agriculture, and industrial sectors. With its strategic assets, diversified product offerings, and commitment to sustainability, the company is well-positioned to continue delivering value to its customers and stakeholders.
Compass Minerals (NYSE: CMP) announced its participation in the BMO Chemicals Conference on May 18, 2023, in New York City. The event will feature one-on-one meetings with Jamie Standen, the chief commercial officer. Presentation materials will be accessible via the investor relations section of the Compass Minerals website at the event's commencement.
The company is known for providing essential minerals, including salt products for winter safety, plant nutrition solutions for sustainable agriculture, and is working on a lithium brine resource for the North American battery market. With nearly 2,000 employees, the company operates 12 facilities across the U.S., Canada, and the U.K.
Compass Minerals (NYSE: CMP) is set to release its fiscal 2023 second-quarter results on May 9, 2023, post-market close. The company's CEO, Kevin Crutchfield, along with CFO, Lorin Crenshaw, will hold a conference call on May 10, 2023, at 9:30 a.m. ET to discuss the results. The conference call can be accessed through a webcast at investors.compassminerals.com or by dialing 1-888-550-5768 (internationally 1-646-960-0469). Compass Minerals, operating 12 facilities across North America and the U.K., provides essential minerals including salt products for winter safety and plant nutrition products to enhance crop yield. The company is also developing a sustainable lithium brine resource to meet North American battery market needs.
Compass Minerals (NYSE: CMP) will attend the Loop Capital Markets 2023 Investor Conference on March 13, 2023. The event includes virtual one-on-one meetings with key executives Lorin Crenshaw, CFO, and Ryan Bartlett, SVP of lithium commercial and technology. Presentation materials will be accessible via the company’s investor relations webpage. Compass Minerals focuses on providing essential minerals, including salt products for winter safety and plant nutrition products for sustainable agriculture. The company is also developing a sustainable lithium brine resource to support North America's battery market.
Compass Minerals (NYSE: CMP), a global leader in essential minerals, will participate in the BMO Global Metals, Mining & Critical Minerals Conference on February 27-28, 2023. The event will feature one-on-one meetings with Ryan Bartlett, senior vice president of lithium commercial and technology. Updated presentation materials will be available on the company’s investor relations website.
The company focuses on providing salt products for safe winter roadways and plant nutrition products to enhance crop quality. Additionally, Compass Minerals is developing a sustainable lithium brine resource to cater to the North American battery market.
Compass Minerals (NYSE: CMP) has announced a quarterly cash dividend of $0.15 per share to be paid on March 20, 2023. Shareholders of record as of March 10, 2023 will receive this dividend. The company specializes in providing essential minerals, including salt products for winter road safety and agricultural plant nutrition products. Additionally, Compass Minerals is developing a sustainable lithium brine resource and is a minority owner of Fortress North America, focused on fire retardants. The company operates 12 facilities across the U.S., Canada, and the U.K., employing nearly 2,000 people.
Compass Minerals (NYSE: CMP) reported mixed fiscal 2023 Q1 results, with consolidated revenue growing 6% year-over-year to $352.4 million, driven by strong Salt pricing and volumes. Operating earnings reached $27.9 million, up 37% from Q1 2022, while adjusted EBITDA rose 6% to $61.8 million. The Salt business saw a 12% revenue increase, but Plant Nutrition revenue dropped 24% due to weak demand and high costs. The company closed a $252 million strategic equity placement with Koch Minerals for lithium development, further strengthening its financial position. Updated 2023 guidance reflects challenges in the Plant Nutrition segment due to market conditions.
Compass Minerals (NYSE: CMP) is set to release its fiscal 2023 first-quarter results on February 7, 2023, after market close. The company's president and CEO, Kevin Crutchfield, along with CFO Lorin Crenshaw, will discuss these results during a conference call on February 8, 2023, at 9:30 a.m. ET. The call will be accessible via webcast on the company’s investor relations website or by phone. Compass Minerals operates globally, providing essential minerals for various applications, including road safety and agriculture, and is developing lithium resources for the North American battery market.
Compass Minerals (NYSE: CMP) reported its fourth-quarter and fiscal 2022 results, highlighting an 18% increase in fourth-quarter revenue to $249.4 million, driven by stronger salt segment sales, alongside a 9% rise in annual revenue to $1.24 billion. However, operating earnings fell to $7.5 million, and the net loss for the year was $36.7 million. The company has taken steps to mitigate inflation impacts and aims for growth in lithium and fire retardants. Fiscal 2023 guidance suggests a focus on profitability in the salt segment amidst anticipated weather variability.
Compass Minerals (NYSE: CMP) will attend the 7th Annual Deutsche Bank Lithium Battery Supply Chain Conference in New York City on December 7, 2022. Key executives, including Chris Yandell, will participate in a lithium supply panel and one-on-one meetings. This event underscores Compass Minerals' commitment to the lithium market, supporting North American battery production. The company offers essential minerals for various applications, focusing on sustainable practices and innovation.
Cohen Milstein Sellers & Toll PLLC is investigating Compass Minerals International (NYSE:CMP) due to a class action lawsuit regarding alleged violations of federal securities law. Investors who suffered losses from shares acquired between October 31, 2017, and November 18, 2018, can contact Cohen Milstein before the December 20, 2022, deadline. The lawsuit claims that Compass Minerals made misleading statements about cost reductions and production levels at its Goderich mine, leading to significant drops in stock price following disappointing financial results.
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