NYSE$CMP

Compass Minerals International Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Compass Minerals delivered year-over-year revenue growth during the quarter, but profitability was tempered by higher distribution and production costs.

Compass Minerals reported a 5% year-over-year increase in revenue, reaching $449 million. However, profitability was affected by intensifying inflationary pressures and ongoing SOP production challenges. The company is focused on mitigating these challenges through pricing actions, a successful highway salt bid season, and productivity initiatives.

  • Achieved revenue of $449 million, a 5% increase year over year.
  • Plant Nutrition pricing increased year over year, reflecting global fertilizer supply-demand conditions.
  • Announced substantial expansion of anticipated annual lithium production capacity to approximately 30 to 40 kMT lithium carbonate equivalent (LCE).
  • Completed the sale of the company's South America chemicals business in April 2022 for cash proceeds of approximately $51 million; proceeds applied toward debt reduction.

Headline financials

Total Revenue

$449M

Previous: $199M+124.9%
EPS (adj)

$0.33

Previous: -$0.49+167.3%
Free Cash Flow

-$12.1M

Previous: $57.1M-121.2%
Net Income

-$12.1M

Previous: $57.1M-121.2%
Operating Income

$20M

Previous: $900K+2122.2%
Gross Profit

$64.6M

Previous: $30.2M+113.9%
Cash & Equivalents

$44.9M

Previous: $26.3M+70.7%
Total Assets

$1.65B

Previous: $1.97B-16.5%
Stock-Based Comp

$4.5M

Previous: $6.2M-27.4%

Revenue & EPS history

Compass Minerals · Revenue · Quarterly

$449M

Q2 2022+124.9%vs Q2 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Compass Minerals · $391M total across 1 segment · Q2 2022

  • Salt Segment
    $391M+6.0%

Forward guidance

The company has lowered its estimate of fiscal 2022 consolidated adjusted EBITDA to a range of $170 million to $200 million from its previously announced range of $200 million to $235 million, largely due to escalating fuel surcharges across all transportation modes in its Salt segment and continued SOP production yield challenges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.5%

Avg return

30 days after

40%

27 / 67 earnings

Positive

+26.5%

Q2 2025

Best reaction

-20.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.8%+10.8%+11.7%
Q1 2026-14.8%-13.0%-7.8%
Q4 2025-14.4%-15.9%+8.9%
Q2 2025+26.5%+38.7%+39.8%
Q1 2025-5.8%-7.3%-17.5%
Q4 2024-2.1%-18.4%+2.9%
Q3 2024+17.9%+23.1%+48.1%
Q2 2024+2.0%-6.1%+3.0%
Q1 2024-5.3%+1.6%-6.9%
Q4 2023-8.4%-1.7%+1.2%
Q3 2023-5.2%-12.0%-25.1%
Q2 2023+0.3%+8.2%+14.5%
Q1 2023-14.3%-15.1%-20.0%
Q4 2022+9.6%+13.4%+1.6%
Q3 2022+1.5%+7.7%+5.2%
Q2 2022-20.5%-28.6%-26.6%
Q1 2022-4.3%-4.7%+9.6%
Q4 2021-4.3%-4.7%+9.6%
Q2 2021-1.6%-5.3%-3.4%
Q1 2021-0.3%+0.5%-2.3%
Q4 2020-3.1%+2.3%+4.3%
Q3 2020-7.0%-0.1%+5.8%
Q2 2020+9.1%+11.6%+9.8%
Q1 2020+1.1%+2.7%+12.1%
Q4 2019+10.2%+7.3%-26.7%
Q3 2019-7.4%-4.2%-6.8%
Q2 2019-5.2%-1.0%-3.0%
Q1 2019-4.1%-2.5%-9.9%
Q4 2018+1.8%+4.5%-0.8%
Q3 2018+8.6%+8.6%+5.8%
Q2 2018-4.6%-7.5%-9.9%
Q1 2018+3.1%+3.2%-2.8%
Q4 2017-2.6%-9.7%-10.5%
Q3 2017-1.0%-0.8%+4.2%
Q2 2017-2.3%-5.8%+0.0%
Q1 2017+1.4%+6.2%+1.2%
Q4 2016-1.8%-1.4%-9.9%
Q3 2016-1.5%-0.3%+10.1%
Q2 2016-0.1%-3.3%+2.1%
Q1 2016+2.4%
Q4 2015-1.1%
Q3 2015-3.2%
Q2 2015+1.2%
Q1 2015+3.6%
Q4 2014+1.0%
Q3 2014+0.6%
Q2 2014-5.7%
Q1 2014+5.2%
Q4 2013-2.6%
Q3 2013-2.2%
Q2 2013-18.1%
Q1 2013+6.4%
Q4 2012+1.6%
Q3 2012+2.4%
Q2 2012-2.4%
Q1 2012+1.7%
Q4 2011+1.2%
Q3 2011-5.5%
Q2 2011-7.2%
Q4 2010-7.2%
Q1 2010+4.0%
Q1 2011+2.3%
Q2 2010-4.2%
Q4 2008-4.2%
Q3 2010-0.7%
Q4 2009-0.7%
Q3 2009-0.7%

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