OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE:CMP), a leading global provider of essential minerals, today announced that it has agreed to a Term Sheet with the Utah Division of Forestry, Fire and State Lands (FFSL) outlining voluntary water conservation and other commitments the company will be making in an effort to help preserve the long-term sustainability of the Great Salt Lake. Compass Minerals and FFSL are currently crafting a binding Voluntary Agreement based on the framework establis ...

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 ...

Financial Data and Key Metrics Changes - The company reported a net loss for the quarter narrowed to $2.5 million from a net loss of $5.5 million year-over-year [47] - Consolidated revenue was 3% lower at just over $1.2 billion, while consolidated operating earnings increased to $79.1 million, up $36.2 million year-over-year [47] - Adjusted EBITDA rose by $12.3 million year-over-year to $200.8 million [47] Business Line Data and Key Metrics Changes - The Salt segment generated $170.7 million in operating earnings and adjusted EBITDA of $230.7 million, up 47% and 26% respectively year-over-year [72] - Plant Nutrition segment revenue totaled $35.3 million, down 39% year-over-year, driven by a 26% decrease in price and an 18% decline in sales volume [56] - Fortress had its first sales in 2023, contributing $10.4 million to revenue, $3.2 million to operating earnings, and $4.6 million to adjusted EBITDA [58] Market Data and Key Metrics Changes - The average price for highway deicing is expected to rise by roughly 3% for the upcoming winter season, while total committed bid volumes are projected to decline by approximately 5% year-over-year [60] - The company expects adjusted EBITDA for Salt in the range of $230 million to $270 million, assuming average winter conditions [61] Company Strategy and Development Direction - The company has suspended further investment in its lithium project in Utah until regulatory clarity is achieved, emphasizing the need for a stable regulatory environment [42][43] - The focus remains on maximizing the performance of high-quality Salt, Plant Nutrition, and emerging Fire Retardant businesses [78] - The company aims to restore the profitability of the Salt business to historic levels, with a year-over-year increase in adjusted EBITDA per ton for salt of approximately 40% [65] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that uncertainty surrounding the lithium project has overshadowed positive strides made in other areas [39] - The company is optimistic about the potential for increased demand in retail and improved profitability in the Salt business, despite challenges in the Plant Nutrition segment [2][44] - Management highlighted the importance of safety and operational performance, noting a commitment to a culture of zero harm [45] Other Important Information - The company improved its debt maturity profile with a refinancing that extended the nearest maturity to 2027 [45] - The effective income tax rate for the full year was reported at 53%, influenced by valuation allowances on US deferred tax assets [69] Q&A Session All Questions and Answers Question: What is the expected contribution from Fortress in 2024? - The company expects at least a similar level of profit for the 2024 contracts as the $12 million recognized from the 2023 contract [80] Question: What is the status of the lithium project and the search for a partner? - The company is looking for a partner to reduce capital exposure and is waiting for regulatory clarity in Utah before proceeding [84] Question: How does the company view the value-over-volume strategy for Salt? - The company continues to pursue a value-over-volume strategy, focusing on pricing power despite a decrease in total sales volumes [72]

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 | --- | --- | |------------------------- ...