Fiscal 2024 Second-Quarter Business Update Strengthen Balance Sheet // May 7, 2024 Forward-Looking Statements and Other Disclaimers This presentation may contain forward-looking statements, including, without limitation, statements about future valuations, cash generation, production and inventory levels, cost structure, capital intensity and allocation, debt levels, balance sheet improvement, and SG&A costs; the company's fire retardant business, including its economics, potential customers, products in de ...

财务表现 - Compass Minerals (CMP) 2024年第一季度营收为3.64亿美元，同比下降11.5%[1] - 每股收益为1.49美元，较去年同期的-0.46美元有显著增长[1] - 营收和每股收益的表现均低于分析师预期[1] 盐类销售 - 总盐消费和工业销售量低于分析师预期[5] - 消费和工业用盐的平均销售价格高于分析师预期[6] - 总盐销售量低于分析师预期[7] - 道路除冰用盐销售量低于分析师预期[8] - 道路除冰用盐的平均销售价格高于分析师预期[9] - 盐类销售额低于分析师预期[10] 植物营养品销售 - Compass在关键指标上的表现：植物营养品平均销售价格、销售量；总盐平均销售价格、销售量等[4] - 植物营养品销售额高于分析师预期[11] - 植物营养品营运收益低于分析师预期[13] 股票表现 - Compass股票近一个月回报率为-5.4%，Zacks S&P 500综合指数为-0.4%[14]

COMPASS MINERALS INTERNATIONAL, INC. Compass Minerals Reports Second Quarter Earnings Page 17 of 20 | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------|---------|-------|---------| | Current portion of long-term debt | $ | 5.0 | $ | 5.0 | | Other current liabilities | | 195.9 | | 270.8 | | Long-term debt, net of current portion | | 872.2 | | 800.3 | | Deferred income taxes and other noncurrent liabilities | | 191.3 | | 224.7 | | Total stockholders' equity | | 38 ...

Compass Minerals (CMP) shares soared 13.3% in the last trading session to close at $15.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 39% loss over the past four weeks.The surge in Compass Minerals' stock price can be attributed to the completion of an amendment to its credit agreement, which provides temporary financial covenant relief amidst challenges posed by a mild deicing season and decreased plant nutrition earnings. ...

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the election of Vance O. Holtzman to the company’s board of directors at its fiscal 2024 annual meeting of shareholders. Holtzman was nominated for appointment by Koch Industries Inc. (Koch), pursuant to the terms of the strategic equity investment in Compass Minerals in 2022 by Koch Minerals and Trading LLC (KM&T), a Koch subsidiary. “ Vance brings to our board proven financ ...

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE:CMP), a leading global provider of essential minerals, today announced that it has agreed to a Term Sheet with the Utah Division of Forestry, Fire and State Lands (FFSL) outlining voluntary water conservation and other commitments the company will be making in an effort to help preserve the long-term sustainability of the Great Salt Lake. Compass Minerals and FFSL are currently crafting a binding Voluntary Agreement based on the framework establis ...

财务数据和关键指标变化 - 公司第一季度收入为3.42亿美元,同比下降3% [2] - 受到75百万美元与终止犹他州锂项目相关的减值损失的影响,公司本季度经营亏损为5500万美元,上年同期为经营利润2800万美元 [3][4] - 公司本季度净亏损7500万美元,上年同期为净亏损30万美元 [5] - 调整后EBITDA为5900万美元,略低于上年同期的6200万美元 [5] 各条业务线数据和关键指标变化 - 盐业务收入为2.74亿美元,同比下降11%,主要是由于异常温和的天气导致销量大幅下降 [10] - 公路除盐业务销量下降22%,工商业销量下降5% [10] - 尽管价格上涨,但由于销量下降,盐业务分部经营利润和调整后EBITDA分别同比增长7%和8% [11] - 植物营养业务收入增长19%,但受价格大幅下降的影响,调整后EBITDA从1900万美元下降至600万美元 [12] 各个市场数据和关键指标变化 - 公司主要市场的第一季度降雪量为历史同期第四低,12月更是创下近30年来最低 [10] - 1月份降雪量达到长期平均水平的94% [16] 公司战略和发展方向及行业竞争 - 公司决定终止犹他州锂项目,主要是由于监管环境的不确定性和商业环境的变化 [3][4] - 新任CEO Dowling的主要任务是提高自由现金流和资本回报,通过提高盐和植物营养业务的生产效率和资产效率来实现 [6][7][8] - 公司将采取更加严格的资本支出评估和工资资本管理策略,同时将谨慎推进消防阻燃业务的发展 [7][8] 管理层对经营环境和未来前景的评论 - 管理层表示,尽管第一季度降雪量疲弱,但历史数据显示,弱势第一季度并不意味着第二季度也会疲弱 [10][16] - 管理层认为,尽管化肥价格环境仍然充满挑战,但公司将继续努力维持SOP相对于MOP的溢价定价 [17] - 管理层预计,公司将在本财年第二季度前完成与美国林业局的2024年合同谈判 [19] 问答环节重要的提问和回答 问题1 **Joel Jackson 提问** 询问公司的资产负债表、流动性和自由现金流情况 [22] **Lorin Crenshaw 回答** - 第一季度出现较大现金流出,主要是由于锂项目支出和应付账款的正常化 [23][24] - 预计第二季度将出现大幅正现金流 [23][24] - 公司目前的债务水平在银行约定的5倍EBITDA上限内,不需要考虑发行股权 [25] 问题2 **Jeff Zekauskas 提问** 询问植物营养业务成本上升的原因 [38][39][40][41] **Lorin Crenshaw 回答** - 成本上升主要是由于钾肥成本上升,占成本的一半左右 [36][39] - 公司正在采取措施来降低这一成本,包括修复盐田以减少对钾肥的依赖 [36] 问题3 **Edward Dowling 回答** - 公司正在评估所有业务线的资产,以确保每个业务线都能达到超过加权平均资本成本的投资回报率 [32][33] - 公司将采取更严格的资本支出评估和现金管理策略,包括调整盐业务的产能以更好地管理库存 [27][28][29][44][58][59] - 公司未来还将采取其他措施来提高现金流,但现在还为时尚早 [73]

Compass Minerals International, Inc. (CMP) recorded a first-quarter fiscal 2024 (ended Dec 31, 2023) loss of $1.83 per share compared with a loss of a penny in the year-ago quarter.Barring one-time items, adjusted earnings were 5 cents per share. It missed the Zacks Consensus Estimate of earnings of 24 cents.Sales fell around 3% year over year to $341.7 million in the quarter. The figure lagged the Zacks Consensus Estimate of $368.2 million. The results mainly reflect weaker Salt segment sales, partly offse ...

Compass Minerals (CMP) reported $341.7 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 3%. EPS of $0.05 for the same period compares to $0.00 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $368.25 million, representing a surprise of -7.21%. The company delivered an EPS surprise of -79.17%, with the consensus EPS estimate being $0.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Compass Minerals (CMP) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -79.17%. A quarter ago, it was expected that this minerals producer would post earnings of $0.14 per share when it actually produced a loss of $0.06, delivering a surprise of -142.86%.Over the last four quarters, ...