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Compass Minerals International, Inc. - CMP STOCK NEWS

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.

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Compass Minerals (NYSE: CMP) has announced Jeffrey Cathey as their new Chief Financial Officer (CFO). Cathey will manage accounting, reporting, tax, internal audit, treasury, financial planning, analysis, and investor relations. Cathey, who joined Compass Minerals in December 2023 as Chief Accounting Officer, brings over 15 years of financial leadership experience, previously serving at Crestwood Equity Partners LP, Shamrock Trading , and Ernst & Young LLP. He replaces Lorin Crenshaw, who served as CFO since December 2021 and has left to pursue other opportunities.

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Compass Minerals (NYSE: CMP) announced that its president and CEO, Edward C. Dowling Jr., and CFO Lorin Crenshaw will participate in one-on-one meetings at two upcoming investor events. These events include the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, in Boston, and Deutsche Bank’s 15th Annual Global Industrials, Materials & Building Products Conference on June 6, 2024, in New York City. Updated presentation materials will be available on the Compass Minerals website.

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Compass Minerals (NYSE: CMP) reported fiscal 2024 second-quarter results impacted by mild winter and fire-retardant business challenges. The company is taking actions to enhance cash flow, including suspending dividends and reducing workforce. Quarterly financial results showed a decrease in revenue and operating earnings, with a net loss. Adjusted EBITDA increased 13% year over year. The Salt segment experienced a decline in sales volumes, while Plant Nutrition saw increased sales volumes. The company recognized impairments in the Plant Nutrition and Fortress segments. Cash flow from operating activities decreased, with higher capital expenditures. The company has amended its credit facility for flexibility. The updated 2024 outlook shows reduced guidance in the Salt and Plant Nutrition segments.

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Compass Minerals (NYSE: CMP) will discuss its second-quarter fiscal 2024 results on May 8, 2024, after the market closes. The conference call will be led by the company's president and CEO, Edward C. Dowling Jr., and CFO, Lorin Crenshaw. Investors can access the call via webcast or phone.

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Compass Minerals (CMP) announces completion of amendment to credit agreement, providing financial covenant relief and greater flexibility. The amendment aims to address challenges from mild deicing season and plant nutrition earnings. CFO Lorin Crenshaw highlights the adjustments as a step towards deleveraging and strengthening the balance sheet.
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Compass Minerals (CMP) faces setback as USFS suspends contract for magnesium chloride-based fire retardants due to corrosion concerns. Fortress North America's products removed from use, prompting company to prioritize safety and develop alternative solutions.
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Compass Minerals (NYSE: CMP) appoints Vance O. Holtzman to its board of directors, representing Koch Industries Inc. Holtzman brings financial expertise and experience in extractive industries. The board now consists of eight members.
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Compass Minerals (CMP) to participate in Loop Capital Markets' Investor Conference with CFO Lorin Crenshaw on March 11, 2024.
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Compass Minerals (CMP) has agreed to a Term Sheet with the Utah Division of Forestry, Fire and State Lands (FFSL) to preserve the Great Salt Lake. The company will make voluntary water conservation commitments to ensure long-term sustainability. The agreement aims to balance mineral extraction with lake health, following new legislative amendments. Compass Minerals' Ogden facility, operating on the lake for over 50 years, will work towards a binding Voluntary Agreement with FFSL.
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Compass Minerals (CMP) will attend the BMO Global Metals, Mining & Critical Minerals Conference from Feb. 26-28, 2024, with key executives participating in one-on-one meetings. Updated presentation materials will be accessible on the company's website.
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FAQ

What does Compass Minerals International, Inc. do?

Compass Minerals provides essential minerals like salt for roadway safety and specialty plant nutrition minerals to enhance crop quality and yield.

Where is Compass Minerals headquartered?

The company is headquartered in the Kansas City metropolitan area.

What are the main products of Compass Minerals?

The main products are salt for deicing and specialty plant nutrition minerals such as sulfate of potash and magnesium chloride.

Where are Compass Minerals' primary operations located?

Their primary operations are located in the U.S., Canada, and the U.K., including rock salt mines in Ontario, Louisiana, and the U.K. and a brine operation at the Great Salt Lake in Utah.

Who are the main customers of Compass Minerals?

The main customers include municipal agencies for roadway deicing, industrial clients, consumers, and agricultural growers.

What recent achievements has Compass Minerals made?

The company has focused on improving production efficiency, expanding market reach, and forming partnerships to enhance offerings.

How does Compass Minerals contribute to agriculture?

They produce specialty plant nutrition minerals like sulfate of potash, which improve the quality and yield of high-value crops.

Is Compass Minerals involved in any environmental sustainability initiatives?

Yes, they continuously invest in technologies to improve the efficiency and sustainability of their operations.

What financial condition is Compass Minerals in?

Compass Minerals maintains a strong financial position, with steady demand for their products in both consumer and industrial sectors.

Where can I find more information about Compass Minerals?

For more information, visit their website at www.compassminerals.com.

Compass Minerals International, Inc.

NYSE:CMP

CMP Rankings

CMP Stock Data

508.82M
41.33M
1.07%
102.09%
11.19%
Potash, Soda, and Borate Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
OVERLAND PARK