Skip to main content
CMP $26.37 +0.38%
CMP logo

CMP · Compass Minerals International Inc

Track CMP — free
$26.37 +0.10 (+0.38%) At close · Aug 14
Market Cap
$1.11B
Shares
41.98M
All earnings calls

Earnings call · FY2026 Q3

Compass Minerals Third Quarter Fiscal 2026 Earnings Call

Compass Minerals Third Quarter Fiscal 2026 Earnings Call

Concluded Aug 6, 2026 Audio replay
Aug 6, 2026 11:15 14 turns
Period
FY2026 Q3
Runtime
11:15
Sources
4 artifacts

Executive readout · one minute

What matters this quarter

Compass Minerals reported a narrower Q3 net loss, raised full-year consolidated Adjusted EBITDA guidance to a $218–$242 million range on stronger Plant Nutrition results, and highlighted a constructive 2026-27 highway deicing bid season, while noting elevated Salt production costs and continuing tariff exposure on Canadian shipments.

Tariffs and cross-border (Goddrich Mine) exposure 12 Contract terms and customer commitments 9 Bid season strategy and pricing discipline 6 KCL/MOP supplementation and pond chemistry 6 Government advocacy for critical mineral status 5 Salt segment inventory rebuild and guidance 5

Management tone

Positive

Net tone +42 · low hedging

Grounding quotes
  • “we're excited about the future here at compass minerals”
  • “the market has a lot of momentum and we're looking forward to the next season”
  • “really being able to pass through costs like this to customers has really been the focus and so we understand the exposure we look at we've looked at ways to mitigate that and you know a big part of that has been mitigated”
  • “hence the confidence in where we're headed”

Forward guidance

1 guided metrics

Management's latest ranges and targets are included below.

Research coverage

4 live sources

Switch sources without leaving this page or losing your listening position.

Revenue $215.30M +0.3% YoY
Diluted EPS -$0.13
Gross margin 17.6% -1.6 pp YoY
Net income -$5.70M

Research materials

Open the source you need; every reader stays inside this workspace.

Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Raised full-year 2026 consolidated Adjusted EBITDA guidance midpoint to $230 million within a $218–$242 million range.
  • Plant Nutrition segment Adjusted EBITDA improved to $15.0 million in the quarter on improved pricing and lower per-unit costs.
  • Net loss narrowed to $5.7 million from $17.0 million in the prior-year quarter.
  • Net leverage declined to 2.8x from 4.3x a year ago and total debt fell 13% to $716.6 million.
  • Constructive 2026-27 highway deicing bid season with substantial year-over-year price improvement and growth in demand tenders in core U.S. markets.

Risks & pressure points

  • Salt segment operating income and Adjusted EBITDA margins declined year over year on higher per-unit product and distribution costs.
  • Total company Adjusted EBITDA of $39.9 million in Q3 was modestly below $41.0 million in the prior-year quarter.
  • Continued tariff exposure on Canadian shipments to the U.S. remains a risk that the company is seeking to mitigate through contract terms and pass-throughs.

Forward guidance

From the 8-K filed Aug 5, 2026.

Metric Guided
Effective income tax rate (excl. valuation allowance) table
2026
27% – 31%

Quarter detail

How the reported period landed and where the business moved.

Revenue · segments

Salt$173.90M +4.8% YoY
Plant Nutrition$37.60M -16.1% YoY
Full-screen source Call document