Compass Minerals Intl Inc Stock Price, News & Analysis

Compass Minerals (NYSE: CMP) announced that unionized employees at its Goderich mine have ratified a new five-year collective bargaining agreement (CBA). This CBA marks the longest agreement in the mine's history since its opening in 1959. The agreement emphasizes fair treatment for employees and clarifies various operational protocols while establishing a competitive pay and benefits package. Company executives expressed optimism about the potential for growth at the Goderich mine, contingent upon collaboration with the workforce.

Compass Minerals (NYSE: CMP) announced a definitive agreement to sell its South America specialty plant nutrition business to ICL Brasil Ltda. for approximately R$2.21 billion ($418 million). The deal aims to strengthen Compass' balance sheet and reduce its leverage ratio from 4.3 to 3.4 times net debt to EBITDA by year-end 2021. The transaction is set to close in Q3 2021, pending regulatory approvals. Additional earn-out of up to R$88 million may be payable in 2022, contingent on performance targets. Compass will continue to operate its remaining North American and U.K. businesses.

Compass Minerals (NYSE: CMP) has launched Hydro Bullet™, a new line of liquid foliar fertilizers aimed at enhancing crop performance. The product range includes three formulations—Battalion™, Big Iron, and Bloom—designed to meet specific agronomic challenges and promote optimal plant growth. With a focus on sustainable agriculture, these innovative products aim to improve nutrient uptake and crop yield while addressing issues like abiotic stresses. The initiative underscores Compass Minerals' commitment to supporting farmers with high-quality, research-driven solutions.

The board of directors of Compass Minerals (NYSE: CMP) has declared a quarterly cash dividend of $0.72 per share, payable on March 19, 2021. Shareholders of record as of the close of business on March 10, 2021 will be eligible for this payment. Compass Minerals is a major provider of essential minerals, operating 21 production facilities across the U.S., Canada, Brazil, and the U.K. Its products play a crucial role in road safety during winter and support agricultural productivity through innovative nutrition solutions.

Compass Minerals (NYSE: CMP) reported its fourth-quarter and full-year 2020 results, revealing a revenue of $421.1 million for Q4 and $1.373 billion for the full year. Operating earnings were $54.4 million for Q4 and $140.5 million for the year, with net earnings of $32.3 million and $59.5 million, respectively. The company faced challenges due to weaker winter weather, COVID-19 impacts, and a 23% decrease in sales volumes in its Salt segment. Despite challenges, the Goderich mine showed production efficiency gains, and the company is strategically separating its South American assets to maximize value.

Compass Minerals (NYSE: CMP) is set to unveil its fourth-quarter and full-year 2020 financial results on February 16, 2021, after market closure. President and CEO Kevin Crutchfield, along with CFO Jamie Standen, will discuss these results during a conference call scheduled for February 17 at 11 a.m. ET. Interested participants can access the call via investors.compassminerals.com or by phone at 1-833-900-1533 (conference ID: 1507337).

Compass Minerals (NYSE: CMP) reported that fourth-quarter 2020 winter weather activity in North America was below 2019 levels but aligned with the historic 10-year average. The company recorded 2.2 million tons of highway deicing salt sold, down from 2.9 million tons the previous year. December saw an unusual concentration of snow events, impacting salt sales. Despite this, the company expressed optimism about operational efficiency and ongoing optimization efforts. Full effects of salt sales are expected in Q1 2021 as inventory replenishment begins.

The board of directors of Compass Minerals has announced a quarterly cash dividend of $0.72 per share. This dividend will be paid on December 15, 2020, to shareholders on record as of the close of business on December 1, 2020. Compass Minerals is a key global provider of essential minerals, operating 21 production and packaging facilities across the U.S., Canada, Brazil, and the U.K. The company focuses on safe delivery of minerals for winter road safety, agriculture, and industrial processes.

Compass Minerals (NYSE: CMP) reported a net loss of $2.1 million, or $0.07 per diluted share, for Q3 2020, down from a profit of $10.6 million a year prior. The decline was mainly due to lower sales volumes in the Plant Nutrition segments caused by dry weather and wildfires, alongside a $7.4 million inventory adjustment. The Salt segment saw revenues of $141.3 million, an 11% decrease, yet operating earnings rose 21% to $25 million due to better operational efficiency. The 2020 EBITDA outlook was adjusted to $330-$345 million, reflecting ongoing challenges and a weakened Brazilian currency.