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NYSE:CMP

Compass Minerals International Q3 2024 Earnings Report

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$24.59 -1.17 (-4.54%)
As of 01:44 PM Eastern
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Compass Minerals International EPS Results

Actual EPS
-$1.05
Consensus EPS
-$0.44
Beat/Miss
Missed by -$0.61
One Year Ago EPS
$1.01

Compass Minerals International Revenue Results

Actual Revenue
$202.90 million
Expected Revenue
$212.42 million
Beat/Miss
Missed by -$9.52 million
YoY Revenue Growth
-2.30%

Compass Minerals International Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
Conference Call Date
Wednesday, October 30, 2024
Conference Call Time
6:00AM ET

Compass Minerals International Earnings Headlines

Gold Miners Post Record Cash Flow Even as Prices Pull Back
The four largest gold miners are generating record free cash flow, even with gold pulling back from recent highs. Margins as high as 75 percent make this the most profitable stretch in their history. Yet junior gold miners, the prime buyout targets for these cash-rich majors, are still priced as if gold were stuck at 1800 dollars an ounce instead of today's levels. Analyst Garrett Goggin calls this the Golden Anomaly, a gap he says rarely lasts long once a gold bull market gets going.tc pixel
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About Compass Minerals International

Compass Minerals International (NYSE:CMP) is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops. Manufactured through a crystallization process, SOP is positioned as a higher-margin offering within the agriculture sector, supplying growers with nutrients that support yield and quality in fruit, vegetable and nut production.

The company operates production facilities and mining sites across the United States, Canada and the United Kingdom, including underground and solution mines as well as solar evaporation operations. Its integrated distribution network leverages rail, marine and road transportation assets to serve customers throughout North America and selected international markets. Corporate leadership is based in Overland Park, Kansas, where strategy, operations and sustainability initiatives are directed.

Established through the consolidation of multiple mineral operations, Compass Minerals continues to invest in production efficiency, product innovation and environmental stewardship. The company emphasizes responsible resource management and has implemented programs to reduce energy consumption, improve waste handling and support the communities surrounding its facilities. Listed on the New York Stock Exchange under the symbol CMP, Compass Minerals remains focused on delivering reliable, mission-critical minerals to its diverse customer base.

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