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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) plans to release its fiscal 2022 Q1 results on February 8, 2022, after market close. The company's leadership, including Kevin Crutchfield (President & CEO) and Lorin Crenshaw (CFO), will discuss these results in a conference call on February 9, 2022, at 8:30 a.m. ET. Access will be via a webcast or by phone. Compass Minerals provides vital minerals for various applications, including road safety and agriculture, and is developing a sustainable lithium brine resource for the North American battery market.
Compass Minerals (NYSE: CMP) reported a decline in winter weather activity for Q1 of fiscal 2022, with only 29 snow events compared to 45 in the prior year and a ten-year average of 41.9. This resulted in lower-than-expected salt sales, despite selling approximately 2.8 million tons of highway deicing products, a rise from 2.2 million tons last year. The CEO expressed optimism about the remaining winter season and the company's capacity to meet customer needs. The company emphasizes its reliance on weather conditions for deicing business performance.
Compass Minerals (NYSE: CMP), a key global provider of essential minerals, will participate in the Bank of America Battery and Storage Conference on January 11, 2022. Senior management members including Kevin Crutchfield (CEO), Lorin Crenshaw (CFO), Ryan Bartlett (CSO), and Chris Yandell (Head of Lithium) will engage in one-on-one meetings and a fireside chat. Concurrently, a corporate presentation will be made available on the company’s website. Compass Minerals focuses on delivering solutions for agriculture, road safety, and sustainable lithium development.
Compass Minerals reported a strong fiscal 2021 with a 20% revenue increase year-over-year, reaching $836.6 million. The Salt segment contributed significantly, with a 22% revenue growth due to increased sales volumes, while the Plant Nutrition segment saw a 60% revenue boost in Q3. However, operating earnings in both segments were impacted by production challenges. Looking ahead, the company projects fiscal 2022 adjusted EBITDA to be between $220 million and $250 million, despite expected cost pressures and lower sales volumes in the Plant Nutrition segment.
Compass Minerals (NYSE: CMP) has announced a quarterly cash dividend of
Compass Minerals (NYSE: CMP) is set to release its third-quarter and fiscal 2021 financial results on November 15, 2021, after market close. A conference call hosted by CEO Kevin Crutchfield and CFO Jamie Standen will follow on November 16, 2021, at 8:30 a.m. ET. The company specializes in essential minerals, providing products for road safety, agriculture, and water treatment across the U.S., Canada, Brazil, and the U.K.
Compass Minerals (NYSE: CMP) announced a
Compass Minerals (NYSE: CMP) announces significant changes in its senior management team to support long-term growth. Effective December 1, 2021, Lorin Crenshaw will become the new Chief Financial Officer, bringing 25 years of diverse financial experience, including leadership roles in the lithium industry. Jamie Standen, the current CFO, will transition to Chief Commercial Officer. These strategic appointments are expected to optimize shareholder value and enhance the company's operational efficiencies.
Compass Minerals (NYSE: CMP) announced significant progress in its lithium development project, achieving successful third-party conversion testing of its lithium brine resource into lithium carbonate and battery-grade lithium hydroxide. This marks a crucial step toward market entry by 2025, with potential annual production capacity of 20,000 to 25,000 metric tons of battery-grade lithium. The company has appointed Chris Yandell as head of lithium, set to lead strategic direction in this sector.
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