Compass Minerals reports FY2023 net income $15.5M; lithium project paused; FY2024 EBITDA guidance $185-250M

COMPASS MINERALS INTERNATIONAL INC

2023-FY EPS reported $0.37 revenue$1,204,700,000

Fiscal 2023 net income $15.5M ($0.37 diluted EPS) vs net loss $37.3M prior year; revenue $1.2B (-3% YoY).
Salt segment adjusted EBITDA $230.7M (+26% YoY); profitability restored to >$20/ton.
Plant Nutrition revenue $172.1M (-23% YoY) due to California weather; FY2024 profitability expected lower.
Lithium project indefinitely paused due to Utah regulatory uncertainty; company seeking partner, no common equity.
FY2024 guidance: total adjusted EBITDA $185M-$250M; capex $125M-$140M; Salt volumes +3-5% assuming normal weather.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMPASS MINERALS INTERNATIONAL INC reported fourth quarter 2023 and fiscal year 2023 results: revenue $233.6, net income Net (loss) earnings (2.5), EPS Net (loss) earnings per diluted share (0.06).

Period: fourth quarter 2023 and fiscal year 2023
Revenue: $233.6
Net income: Net (loss) earnings (2.5)
EPS: Net (loss) earnings per diluted share (0.06)
Result: reported results

Exact text from the filing

and Fiscal 2023 Earnings Page 2 of 20 2023 FINANCIAL RESULTS 1 (in millions, except per share data) Three Months Ended Sept. 30, 2023 Twelve Months Ended Sept. 30, 2023 Revenue $ 233.6 $ 1,204.7 Operating earnings 3.9 79.1 Adjusted operating earnings * 3.7 84.3 Adjusted EBITDA * 33.0 200.8 Net (loss) earnings (2.5) 15.5 Net (loss) earnings per diluted share

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Source: SEC EDGAR

accession 0001227654-23-000213

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