Compass Minerals Intl Inc Stock Price, News & Analysis

Compass Minerals (NYSE: CMP) reported its fourth-quarter and fiscal 2022 results, highlighting an 18% increase in fourth-quarter revenue to $249.4 million, driven by stronger salt segment sales, alongside a 9% rise in annual revenue to $1.24 billion. However, operating earnings fell to $7.5 million, and the net loss for the year was $36.7 million. The company has taken steps to mitigate inflation impacts and aims for growth in lithium and fire retardants. Fiscal 2023 guidance suggests a focus on profitability in the salt segment amidst anticipated weather variability.

Compass Minerals (NYSE: CMP) will attend the 7th Annual Deutsche Bank Lithium Battery Supply Chain Conference in New York City on December 7, 2022. Key executives, including Chris Yandell, will participate in a lithium supply panel and one-on-one meetings. This event underscores Compass Minerals' commitment to the lithium market, supporting North American battery production. The company offers essential minerals for various applications, focusing on sustainable practices and innovation.

Cohen Milstein Sellers & Toll PLLC is investigating Compass Minerals International (NYSE:CMP) due to a class action lawsuit regarding alleged violations of federal securities law. Investors who suffered losses from shares acquired between October 31, 2017, and November 18, 2018, can contact Cohen Milstein before the December 20, 2022, deadline. The lawsuit claims that Compass Minerals made misleading statements about cost reductions and production levels at its Goderich mine, leading to significant drops in stock price following disappointing financial results.

Compass Minerals (NYSE: CMP) announced the appointment of Jon Chisholm and Shane Wagnon to its board of directors, following a $252 million strategic equity investment from Koch Minerals and Trading, LLC. Chisholm, managing director at Koch Disruptive Technologies, brings extensive experience in business development and strategy. Wagnon serves as vice president of trading at Koch Carbon, overseeing low-sulfur petroleum coke division. The board’s expansion to 12 members aims to leverage Koch's capabilities to enhance value for shareholders.

The board of directors of Compass Minerals (NYSE: CMP) has announced a quarterly cash dividend of $0.15 per share. This dividend is payable on December 20, 2022, to shareholders recorded by the close of business on December 9, 2022. Compass Minerals is a leading provider of essential minerals, with operations focused on salt products and plant nutrition. The company also aims to develop a sustainable lithium brine resource for the North American battery market. It operates 12 facilities across the U.S., Canada, and the U.K.

Compass Minerals (NYSE: CMP) will announce its fourth-quarter and fiscal 2022 results on November 29, 2022, after market close. The company’s CEO, Kevin Crutchfield, and CFO, Lorin Crenshaw, will host a conference call on November 30, 2022, at 9:30 a.m. ET to discuss the results. Investors can access the call via webcast or by phone, with details available on their investor relations website. The company operates 12 facilities and is a significant player in the essential minerals market, focusing on salt and plant nutrition products.

Compass Minerals (NYSE: CMP) has signed a multiyear supply agreement with LG Energy Solution (LGES) to provide battery-grade lithium carbonate from its Ogden, Utah facility. The agreement covers up to 40% of Compass's planned production, estimated at 35 kMT LCE annually, with phase-one capacity of approximately 11 kMT expected by 2025. This partnership aims to strengthen the domestic lithium supply chain, reflecting the growing demand for electric vehicle batteries. The deal is contingent upon the successful start of production and product qualification.

NCR Corporation (NYSE: NCR) has appointed Joseph "Joe" Reece to its Board of Directors as of November 4, 2022. A veteran with over 35 years of experience in finance and corporate strategy, Reece is co-founder of SilverBox Capital LLC and has held senior roles at UBS Securities and Credit Suisse. NCR's CEO, Michael D. Hayford, expressed optimism about Reece’s expertise during a critical transition period for NCR. Reece emphasized his intent to enhance shareholder value through strategic guidance.

Compass Minerals (NYSE: CMP) has secured a $252 million investment from Koch Minerals & Trading, LLC to advance its lithium carbonate project at the Great Salt Lake. Approximately $200 million of the funds will be used to develop the company's 2.4 million metric tons lithium resource, with production capacity set to be 35,000 metric tons per year by 2025. The remainder will go towards debt reduction. The investment allows KM&T to appoint up to two board members and explore synergies in operations.