earnings
confidence high
sentiment neutral
materiality 0.75
Compass Minerals preliminary Q3 net loss $43.6M; updates FY2024 guidance, restatement ongoing
COMPASS MINERALS INTERNATIONAL INC
- Preliminary Q3 revenue $202.9M, net loss $43.6M ($1.05 loss per share), adj. net loss $42.1M ($1.01 loss per share).
- Salt segment adj. EBITDA $41.6M ($28.05/ton); FY2024 Salt adj. EBITDA guidance raised to $215-$225M.
- Plant Nutrition realized price $691.27/ton (+2% sequentially), rev $38.8M, adj. EBITDA $7.2M.
- Historical accounting restatement related to Fortress acquisition continues; no material impact on core business fundamentals.
- Liquidity $220.8M; net leverage 4.3x; credit agreement amended for delayed compliance certification.