Welcome to our dedicated page for Compass Minerals Intl news (Ticker: CMP), a resource for investors and traders seeking the latest updates and insights on Compass Minerals Intl stock.
Compass Minerals Intl Inc. (NYSE: CMP) delivers essential mineral solutions for public safety, agriculture, and industrial markets worldwide. This news hub provides investors and stakeholders with direct access to the company's official communications and market developments.
Track critical updates including quarterly earnings reports, production facility expansions, and sustainability initiatives. Our curated collection features announcements on deicing salt supply contracts, specialty fertilizer innovations, and operational efficiency improvements across North American and UK facilities.
Key focus areas include winter weather preparedness programs, agricultural productivity enhancements through sulfate of potash solutions, and strategic partnerships in mineral distribution. Users will find timely updates on Great Salt Lake operations, rock salt mining activities, and safety-related product developments.
Bookmark this page for verified information about Compass Minerals' market position, environmental stewardship efforts, and responses to industry trends. Check regularly for new filings, leadership updates, and analyses of demand drivers in essential minerals markets.
Intrepid Potash (NYSE: IPI) has appointed Kevin S. Crutchfield as Chief Executive Officer and Board director, effective immediately. Crutchfield brings over 30 years of global mining experience and 20+ years of leadership in public companies. He previously served as President and CEO of Compass Minerals, where he gained experience in minerals mining, brine operations, and specialty fertilizer products. Prior roles include CEO positions at Alpha Natural Resources and Contura Energy. Matt Preston will continue as Chief Financial Officer after serving as acting principal executive officer during the search process.
Compass Minerals (NYSE: CMP) has released its final fiscal 2024 third-quarter results. The company filed amended financial statements (Form 10-K/A and Form 10-Q/A) on October 29, 2024, correcting previous reports from June 2023 through March 2024. The final Q3 2024 results align with preliminary results disclosed on September 17, 2024. Due to ongoing work on 2024 financial results and 2025 budget preparation, the company has canceled its Q3 2024 earnings call but plans to resume regular quarterly calls starting with Q4 2024 results.
Compass Minerals (NYSE: CMP) reported preliminary fiscal 2024 third-quarter results, with revenue of $202.9 million and adjusted EBITDA of $32.8 million. The company is currently finalizing its results due to ongoing financial restatements. Key highlights include:
- Strong Salt segment performance with adjusted EBITDA per ton of $28.05
- Salt segment guidance increased by $15 million for 2024
- Plant Nutrition segment saw increased average sales price for sulfate of potash to $691.27 per ton
- The company ended the quarter with $220.8 million in liquidity
- Updated 2024 outlook provided for Salt and Plant Nutrition segments
The company is working on resolving accounting issues and expects to file its Form 10-Q for Q3 2024 once restatements are completed.
Compass Minerals (NYSE: CMP) has finalized a Voluntary Agreement with Utah's Division of Forestry, Fire and State Lands for Great Salt Lake conservation. Key points include:
- Donation of 201,000 acre-feet of annual non-production water rights to Utah for lake preservation
- Return of 65,000 acres of leasehold to the State for conservation
- Implementation of brine withdrawal caps based on lake elevation
- Agreement aligns with House Bill 453, providing severance tax relief and protection against eminent domain
- Compass Minerals' Ogden facility employs nearly 400 local workers
The agreement aims to balance lake conservation with sustainable mineral production, demonstrating a collaborative effort between public and private sectors to protect the Great Salt Lake ecosystem.
Compass Minerals (NYSE: CMP) has received a notice of filing delinquency from the New York Stock Exchange (NYSE) on August 15, 2024. The company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, resulting in non-compliance with NYSE listing requirements. This delinquency has no immediate effect on the listing of Compass Minerals' securities. The company plans to follow NYSE procedures to regain compliance and is working to file the report as soon as possible.
The delay is due to pending restatements of financial statements for multiple periods, including the quarterly report for June 30, 2023, annual report for September 30, 2023, and quarterly reports for December 31, 2023, and March 31, 2024. Compass Minerals cited the need for unreasonable effort or expense to file the report within the prescribed time period.
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.
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.
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.
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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