secwatch.observer — SEC 8-K summary
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Issuer:     COMPASS MINERALS INTERNATIONAL INC (CMP)
CIK:        0001227654
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001227654-23-000213
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227654/000122765423000213/0001227654-23-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227654/000122765423000213/cmp-20231116.htm
  HTML page:      https://secwatch.observer/filing/0001227654-23-000213

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