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Compass Minerals Reports Strong First-Quarter 2021 Results

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Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported significant year-over-year increase in operating earnings and adjusted EBITDA* from continuing operations during first-quarter 2021, primarily driven by improved per-unit operating cost performance and strong sales volumes of highway deicing products within the company's Salt segment.

PRESENTATION OF RESULTS

In March 2021, the company’s board of directors approved the divestiture of the company’s South America businesses and its North America micronutrient business as part of the company’s broader asset optimization strategy. Collectively, the results of these businesses have been reported as discontinued operations for all periods presented.

The continuing operations of the company are reported on the consolidated level and in two segments: Salt and Plant Nutrition (which was previously known as Plant Nutrition North America). The results in this release reflect the continuing operations of the company unless otherwise noted.

(From continuing operations, in millions, except per share data)

 

Three Months

Ended

March 31, 2021

Revenue

 

$

426.0

 

Operating Earnings

 

63.6

 

Adjusted EBITDA*

 

97.3

 

Net Earnings

 

32.9

 

Net Earnings per diluted share

 

0.95

 

*Non-GAAP financial measure. Reconciliations to the most directly comparable GAAP financial measure are provided in tables at the end of this press release.

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Potash, Soda, and Borate Mineral Mining
Mining, Quarrying, and Oil and Gas Extraction
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Process Industries, Chemicals: Specialty, Mining, Quarrying, and Oil and Gas Extraction, Potash, Soda, and Borate Mineral Mining
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Overland Park

About CMP

compass minerals (nyse: cmp) (www.compassminerals.com) is a leading provider of essential minerals that provide solutions to nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses, and specialty plant nutrition minerals that improve the quality and yield of crops. the company produces its minerals at locations throughout the u.s. and canada and in the u.k. based in the kansas city metropolitan area, the company provides bulk treated and untreated highway deicing salt to customers in north america and the united kingdom and plant nutrients to growers worldwide. compass minerals also produces consumer deicing and water conditioning products, consumer and commercial culinary salt, and other mineral-based products for consumer, agricultural and industrial applications. in addition, the company provides records management services to businesses throughout the united kingdom. though the company’s history stretches back as far as