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.
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.
Compass Minerals (NYSE: CMP) announced the appointment of Jon Chisholm and Shane Wagnon to its board of directors, following a $252 million strategic equity investment from Koch Minerals and Trading, LLC. Chisholm, managing director at Koch Disruptive Technologies, brings extensive experience in business development and strategy. Wagnon serves as vice president of trading at Koch Carbon, overseeing low-sulfur petroleum coke division. The board’s expansion to 12 members aims to leverage Koch's capabilities to enhance value for shareholders.
The board of directors of Compass Minerals (NYSE: CMP) has announced a quarterly cash dividend of $0.15 per share. This dividend is payable on December 20, 2022, to shareholders recorded by the close of business on December 9, 2022. Compass Minerals is a leading provider of essential minerals, with operations focused on salt products and plant nutrition. The company also aims to develop a sustainable lithium brine resource for the North American battery market. It operates 12 facilities across the U.S., Canada, and the U.K.
Compass Minerals (NYSE: CMP) will announce its fourth-quarter and fiscal 2022 results on November 29, 2022, after market close. The company’s CEO, Kevin Crutchfield, and CFO, Lorin Crenshaw, will host a conference call on November 30, 2022, at 9:30 a.m. ET to discuss the results. Investors can access the call via webcast or by phone, with details available on their investor relations website. The company operates 12 facilities and is a significant player in the essential minerals market, focusing on salt and plant nutrition products.
Compass Minerals (NYSE: CMP) has signed a multiyear supply agreement with LG Energy Solution (LGES) to provide battery-grade lithium carbonate from its Ogden, Utah facility. The agreement covers up to 40% of Compass's planned production, estimated at 35 kMT LCE annually, with phase-one capacity of approximately 11 kMT expected by 2025. This partnership aims to strengthen the domestic lithium supply chain, reflecting the growing demand for electric vehicle batteries. The deal is contingent upon the successful start of production and product qualification.
FAQ
What is the current stock price of Compass Minerals International (CMP)?
What is the market cap of Compass Minerals International (CMP)?
What does Compass Minerals International, Inc. do?
Where is Compass Minerals headquartered?
What are the main products of Compass Minerals?
Where are Compass Minerals' primary operations located?
Who are the main customers of Compass Minerals?
What recent achievements has Compass Minerals made?
How does Compass Minerals contribute to agriculture?
Is Compass Minerals involved in any environmental sustainability initiatives?
What financial condition is Compass Minerals in?
Where can I find more information about Compass Minerals?
