Compass Minerals International, Inc. (NYSE:CMP) Q1 2024 Results Conference Call February 8, 2024 9:30 AM ET Company Participants Brent Collins - Vice President of Investor Relations Edward Dowling - President and CEO Lorin Crenshaw - CFO George Schuller - Chief Operating Officer Ben Nichols - Chief Sales Officer Jenny Hood - Chief Supply Chain Officer Conference Call Participants Joel Jackson - BMO Capital Markets David Begleiter - Deutsche Bank Jeff Zekauskas - JPMorgan David Silver - CL King Seth Goldstei ...

Compass Minerals International, Inc. (CMP) recorded a first-quarter fiscal 2024 (ended Dec 31, 2023) loss of $1.83 per share compared with a loss of a penny in the year-ago quarter.Barring one-time items, adjusted earnings were 5 cents per share. It missed the Zacks Consensus Estimate of earnings of 24 cents.Sales fell around 3% year over year to $341.7 million in the quarter. The figure lagged the Zacks Consensus Estimate of $368.2 million. The results mainly reflect weaker Salt segment sales, partly offse ...

Compass Minerals (CMP) reported $341.7 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 3%. EPS of $0.05 for the same period compares to $0.00 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $368.25 million, representing a surprise of -7.21%. The company delivered an EPS surprise of -79.17%, with the consensus EPS estimate being $0.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Compass Minerals (CMP) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -79.17%. A quarter ago, it was expected that this minerals producer would post earnings of $0.14 per share when it actually produced a loss of $0.06, delivering a surprise of -142.86%.Over the last four quarters, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to __________________________ Commission File Number 001-31921 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whethe ...

(5) Lithium Resources (tonnes) LCE Resources (tonnes) Measured Resources Total Measured Resources — — — — — — Indicated Resources Great Salt Lake North Arm 51 226,860 1,207,577 51 226,860 1,207,577 Great Salt Lake South Arm 25 208,711 1,110,970 25 208,711 1,110,970 Pond 96, Halite Aquifer 214 908 4,835 214 908 4,835 Pond 98, Halite Aquifer 221 868 4,623 221 868 4,623 Pond 113, Halite Aquifer 205 13,754 73,213 205 13,754 73,213 Total Indicated Resources 44 451,101 2,401,218 44 451,101 2,401,218 Measured + In ...

Compass Minerals International, Inc. (NYSE:CMP) Q4 2023 Earnings Call Transcript November 17, 2023 9:30 AM ET Company Participants Brent Collins - VP of IR Kevin Crutchfield - President and CEO Lorin Crenshaw - CFO Jamie Standen - CCO Conference Call Participants Joel Jackson - BMO Capital Markets David Begleiter - Deutsche Bank Greg Lewis - BTIG Vincent Anderson - Stifel David Silver - CL King Chris Kapsch - Loop Capital Markets Jeff Zekauskas - JPMorgan Operator Ladies and gentlemen, good morning. My name ...

Compass Minerals International, Inc. (NYSE:CMP) Q3 2023 Earnings Conference Call August 9, 2023 9:30 AM ET Company Participants Brent Collins – Vice President of Investor Relations Kevin Crutchfield – President and Chief Executive Officer Lorin Crenshaw – Chief Financial Officer Jamie Standen – Chief Commercial Officer Chris Yandell – Head of Lithium Conference Call Participants David Begleiter – Deutsche Bank David Silver – CL King Chris Kapsch – Loop Capital Markets Greg Lewis – BTIG Joel Jackson – BMO C ...

Fiscal 2023 Third-Quarter Results 6 • Salt revenue essentially flat year over year on lower sales volumes in both highway deicing and consumer and industrial (C&I) lines of business • Lingering effects from extraordinary weather conditions in key markets adversely impacted sales volumes year over year Strategic Growth Initiatives o Continuing to refine cost, economic and engineering estimates; updated disclosures dependent on finalization of Utah rulemaking processes | --- | --- | |------------------------- ...

Revenue and Sales Performance - Total revenue for the three months ended June 30, 2023 was $207.6 million, compared to $214.7 million for the same period in 2022[2] - Revenue from the United States for the three months ended June 30, 2023 was $164.4 million, a slight decrease from $167.8 million in the same period in 2022[2] - Plant Nutrition sales for Q2 2023 were $47.5 million, down from $55.6 million in Q2 2022, with sales volumes decreasing from 67,000 tons to 63,000 tons[43] Debt and Financial Position - The company had $730.2 million of outstanding indebtedness as of June 30, 2023, including $500.0 million in 6.75% Senior Notes due 2027 and $200.0 million in term loans[49] - The company's available borrowing capacity under its revolving credit facility was reduced to $359.9 million as of June 30, 2023, due to outstanding letters of credit totaling $15.1 million[49] - Consolidated total net leverage ratio was approximately 3.10x as of June 30, 2023, below the maximum allowed ratio of 5.0x[52] Investments and Acquisitions - The company invested $50 million in Fortress, acquiring a 45% ownership interest, as part of its strategy to strengthen its essential minerals businesses[66] - Recognized a gain of $16.2 million for the three months ended June 30, 2023 related to the previously held equity investment in Fortress, which was remeasured to fair value upon full acquisition of the business in May 2023[32] - Received $240.7 million in net proceeds from Koch Minerals & Trading, LLC, with $200 million allocated to advance the lithium project and $40.7 million used to reduce debt[65] Hedging and Derivatives - The company had natural gas derivative instruments in place to hedge 2.9 million MMBtus of forecasted natural gas purchases as of June 30, 2023[11] - The company's natural gas derivative instruments resulted in a $2.4 million loss on cash flow hedges for the three months ended June 30, 2023[9] Dividends and Shareholder Returns - The company paid a cash dividend of $0.15 per share on December 20, 2022, March 20, 2023, and June 20, 2023, with KM&T receiving $1.0 million and $3.0 million for the three and nine months ended June 30, 2023, respectively[19] Restructuring and Cost Management - The company recognized restructuring charges of $2.2 million and $5.5 million for the three and nine months ended June 30, 2023, respectively, as part of cost structure alignment initiatives[1] - Inflation increased logistics costs by $5 million to $7 million and product costs by $7 million to $9 million for the nine months ended June 30, 2023[73] Tax and Earnings Impact - Effective tax rate of 1,525% for the three months ended June 30, 2023, driven by the impact of the Fortress acquisition and a change in Canadian tax law[33] - Effective tax rate of 57% for the nine months ended June 30, 2023, influenced by income mix by country and a change in Canadian tax law[37] - The company's net earnings from discontinued operations for the prior period included a $1.6 million gain related to the South America chemicals business[62] Interest and Financial Expenses - Interest expense increased by $0.9 million to $14.3 million for the three months ended June 30, 2023, primarily due to higher interest rates[31] - Interest income increased by $4.2 million to $4.7 million for the three months ended June 30, 2023, driven by higher interest rates and cash balance from private placement proceeds[35] Strategic Initiatives and Future Projects - Pursuing development of a sustainable lithium brine resource near Ogden, UT to support the North American battery market[56]