earnings
confidence high
sentiment positive
materiality 0.80
Compass Minerals Q3 net income $39.9M; Salt EBITDA per ton up 48% to $24.41; guides FY2023 salt EBITDA $220-235M
COMPASS MINERALS INTERNATIONAL INC
2023-Q3 EPS reported
$0.44
revenue$971,100,000
- Net income $39.9M (incl. $42.7M tax benefit); adjusted EPS $1.01; revenue $207.6M.
- Salt operating earnings +75% YoY to $21.7M; adjusted EBITDA per ton $24.41 (+48%).
- Plant Nutrition revenue -15% to $47.5M; adj. EBITDA $11.7M vs $19.4M prior year.
- Completed Fortress acquisition; first commercial sales; FY2023 Fortress revenue expected $20-25M.
- Binding lithium supply agreement with Ford for up to 40% of phase-one production; debt refinancing completed.