earnings
confidence high
sentiment negative
materiality 0.80
Compass Minerals Q1 net loss $75.1M; terminates lithium project, takes $77M charge
COMPASS MINERALS INTERNATIONAL INC
2024-Q1 EPS reported
-$1.83
revenue$341,700,000
- Revenue $341.7M (-3% YoY); GAAP diluted EPS -$1.83; adjusted diluted EPS $0.05.
- Salt segment adjusted EBITDA $65.7M (+8% YoY); adjusted EBITDA per ton $23.01 (+33%).
- Plant Nutrition sales volumes up 67% YoY; avg price down 29% to ~$660/ton.
- Terminated lithium project, incurred $74.8M impairment and $2.5M restructuring charge.
- FY 2024 guidance: Salt adj. EBITDA $230-270M; Plant Nutrition adj. EBITDA $15-35M (revised down).