CMP
Compass Minerals International, Inc.18.98
+0.45+2.43%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Tight salt market, Goderich updates
Q&A confirmed a tight salt market from robust winter demand, with mid-season imports tough due to lead times, aligning with prepared remarks' inventory discipline—no excess tons chased. Goderich details surfaced: East Mine Drive advancing, shaft connections underway, new mill in value engineering for near-term updates. Logistics costs ticked up from inflation and wider shipping, yet industry deicing stocks are low. Constructive for future winters. Tax swings noted from Ontario settlement; full-year view too early. Management doubled down on back-to-basics. Goderich ramps matter next.
Key Stats
Market Cap
793.73MP/E (TTM)
-Basic EPS (TTM)
-1.91Dividend Yield
0.16%Recent Filings
8-K
Annual meeting elects directors
Compass Minerals stockholders at the March 5, 2026 annual meeting elected nine directors, including Edward C. Dowling, Jr. and Mark Roberts, with overwhelming majorities exceeding 94% for most. They advisory approved executive compensation by a 83.9% margin while ratifying KPMG as auditors unanimously. Governance continuity locked in.
10-Q
Q1 FY2026 results
Compass Minerals posted Q1 FY2026 sales of $396.1M, up 28.9% y/y from $307.2M, fueled by 37.4% higher Salt volumes ($331.5M, highway deicing up 43.5%) while Plant Nutrition dipped 1% to $60.8M on lower volumes despite 14% price gains. Operating income rocketed to $36.6M from $0.5M, gross margin to 16.0% from 11.2%; diluted EPS swung to $0.43 from -$0.57, reconciling to 42.3M shares. Cash fell to $46.7M amid $37.0M operating outflow (seasonal), $22.8M capex; $896.5M debt includes $650M 8% notes due 2030, with $295M revolver availability and covenant compliance. Tax settlement released $157.4M bonds. Salt volumes crush prior year. Ongoing litigation poses distraction risks.
8-K
Q1 EBITDA doubles
Compass Minerals crushed fiscal 2026 Q1 with adjusted EBITDA soaring 103% to $65.3 million, fueled by 37% Salt sales volume growth from harsh winter and Plant Nutrition margin gains via higher pricing. Net debt dropped 10% to $836.9 million. They'll sell surplus Wynyard SOP for $30.8 million cash to cut debt further, lifting full-year adjusted EBITDA guidance 2% to $208-$240 million.
8-K
Derivative suits settled
Compass Minerals secured preliminary court approval on December 10, 2025, for settling stockholder derivative suits alleging directors overstated fire retardant contract prospects. No cash hit to the company—insurers cover $850,000 in plaintiff fees; Compass adopts governance reforms like strategic transaction oversight and disclosure training, lasting five years. Reforms bolster compliance. Final hearing set for February 20, 2026.
8-K
Board adds four experts
Compass Minerals expanded its board from eight to 12 directors effective December 18, 2025, appointing Russell Ball, Denise Merle, Mark Roberts, and David Safran through a refreshment initiative to bolster expertise in mining, salt, and manufacturing. New directors join key committees, including the freshly created Capital Allocation and Technical Committee, supporting the back-to-basics strategy in salt and plant nutrition. Board shrinks to nine post-2026 meeting. Koch reps exit gracefully.
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