Compass Minerals Intl Inc Stock Price, News & Analysis

Compass Minerals (NYSE: CMP) recently announced an earnout payment of approximately $18.5 million related to the sale of its South America specialty plant nutrition business. This payment represents the maximum earnout possible under the sale terms finalized in July 2021. The company plans to utilize these proceeds to reduce its debt, further strengthening its financial position.

Compass Minerals (NYSE: CMP) reported above-average winter weather activity in fiscal 2022 Q2, with 114 snow events, 10% over the 10-year average. This increase helped bring winter conditions closer to the average for the fiscal year. The company sold approximately 4.8 million tons of highway deicing salt products in Q2, rising from 4.6 million tons year-over-year. Despite a slow start to the season, CEO Kevin S. Crutchfield emphasized ongoing efforts to recover inflationary costs and restore profitability in the Salt business.

Compass Minerals (NYSE: CMP) has announced the appointment of Edward C. Dowling, Jr. to its board of directors, enhancing its leadership team with over 30 years of experience in minerals mining. Dowling's past roles include CEO of Alacer Gold and executive positions at Meridian Gold and De Beers. He will serve on the Compensation and Environmental, Health, Safety and Sustainability Committees, expanding the board from seven to eight members. His proven track record in value creation is expected to support the company's goal of maximizing shareholder value.

The board of directors of Compass Minerals (NYSE: CMP) has declared a quarterly cash dividend of $0.15 per share, set to be paid on March 21, 2022. Shareholders of record as of March 10, 2022 will receive this dividend. Compass Minerals is known for its essential minerals, including salt for winter road safety and products that enhance crop yield through sustainable agriculture. The company operates 15 facilities across North America, the U.K., and Brazil, employing over 2,000 people.

Compass Minerals (NYSE: CMP) will participate in the Cowen Mobility Disruption Conference on March 3, 2022. The conference is virtual, featuring one-on-one meetings with key management including President Kevin Crutchfield and Chief Financial Officer Lorin Crenshaw. The company is a global provider of essential minerals, with products supporting road safety, agriculture, and water treatment. Presentation materials will be available via the investor relations section of compassminerals.com.

Compass Minerals (NYSE: CMP) reported a 7% year-over-year revenue growth for fiscal 2022's first quarter, reaching $331.5 million despite weaker winter weather. Key factors included a 27% increase in North American highway deicing sales volumes and a 20% rise in SOP pricing. However, the company lowered its adjusted EBITDA guidance to $200-$235 million due to inflationary pressures and operational challenges. The Salt segment revenue increased by 20% to $273.9 million, while the Plant Nutrition segment saw revenues fall 30% to $54.6 million.

Compass Minerals (NYSE: CMP) plans to release its fiscal 2022 Q1 results on February 8, 2022, after market close. The company's leadership, including Kevin Crutchfield (President & CEO) and Lorin Crenshaw (CFO), will discuss these results in a conference call on February 9, 2022, at 8:30 a.m. ET. Access will be via a webcast or by phone. Compass Minerals provides vital minerals for various applications, including road safety and agriculture, and is developing a sustainable lithium brine resource for the North American battery market.

Compass Minerals (NYSE: CMP) reported a decline in winter weather activity for Q1 of fiscal 2022, with only 29 snow events compared to 45 in the prior year and a ten-year average of 41.9. This resulted in lower-than-expected salt sales, despite selling approximately 2.8 million tons of highway deicing products, a rise from 2.2 million tons last year. The CEO expressed optimism about the remaining winter season and the company's capacity to meet customer needs. The company emphasizes its reliance on weather conditions for deicing business performance.

Compass Minerals (NYSE: CMP), a key global provider of essential minerals, will participate in the Bank of America Battery and Storage Conference on January 11, 2022. Senior management members including Kevin Crutchfield (CEO), Lorin Crenshaw (CFO), Ryan Bartlett (CSO), and Chris Yandell (Head of Lithium) will engage in one-on-one meetings and a fireside chat. Concurrently, a corporate presentation will be made available on the company’s website. Compass Minerals focuses on delivering solutions for agriculture, road safety, and sustainable lithium development.