Compass Minerals International Inc

Compass Minerals International, Inc. supplies essential minerals across the United States, Canada, the United Kingdom, and other international markets. It operates through two segments: Salt and Plant Nutrition. The Salt segment produces and sells sodium chloride and magnesium chloride products, including rock salt, evaporated salt, and brine and flake magnesium chloride, and also purchases and resells potassium chloride and calcium chloride. These products are used for deicing, chemical production, water treatment, nutrition, and other consumer and industrial applications, along with records management services. The Plant Nutrition segment produces sulfate of potash specialty fertilizers under the Protassium+ brand, turf products, and organic products, serving distributors, retailers, and growers. The company was formerly known as Salt Holdings Corporation and changed its name to Compass Minerals International, Inc. in December 2003. Founded in 1844, it is headquartered in Overland Park, Kansas.

CMP▼

Compass Minerals posts Q3 loss of 14 cents per share, revenue beats estimates

Compass Minerals reported a fiscal third-quarter loss of 14 cents per share, missing the Zacks Consensus Estimate of a loss of 4 cents per share and marking an earnings surprise of negative 250 percent. Revenue came in at 215.3 million dollars, topping the consensus estimate by 3.12 percent and edging above the year-ago figure of 214.6 million dollars. The company has surpassed consensus revenue estimates in each of the last four quarters, while beating earnings estimates only once in that span. Compass shares have gained about 51.8 percent year to date, compared with a 13 percent rise for the S&P 500.

CMP ▼

Zacks Investment Research·44dRead more →

CMP▲

Compass Minerals Upgraded to B+ by S&P Global Ratings

Compass Minerals announced that S&P Global Ratings has upgraded its corporate credit rating to B+ from B with a stable outlook. S&P also raised the rating on the company's senior secured debt to BB from BB- and senior unsecured debt to B+ from B, while recovery ratings remained unchanged. The upgrade reflects debt paydown and improved profitability, with S&P-adjusted leverage falling from 4.2x to 3.1x over the last twelve months, aided by the retirement of $150 million of 2027 senior unsecured notes using sale proceeds and cash. S&P expects leverage to stay below 4x over the next two years, supported by debt reduction, strategic initiatives, and favorable operating performance, though highway deicing volumes may taper next year.

CMP ▲

Business Wire·81dRead more →