NYSE$CMP

Compass Minerals International Inc. · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Compass Minerals reported a net loss in Q4 2024, impacted by mild winter conditions and strategic business decisions.

Compass Minerals reported a net loss of $48.3 million for Q4 2024, which included a $17.6 million write-down of intangible water rights in Utah. Adjusted EBITDA for the quarter was $15.6 million, down from $31.3 million in the prior year. The company is focused on improving cash generation and reducing debt.

  • Net loss for the fourth quarter of 2024 was $48.3 million, including a $17.6 million write down of certain intangible water rights in Utah.
  • Total company adjusted EBITDA for the fourth quarter of 2024 was $15.6 million, down from $31.3 million in the prior year.
  • Salt segment revenue totaled $162.5 million, down 13% year over year, due to a 21% decrease in total sales volumes offset by a 10% increase in price.
  • Plant Nutrition segment revenue totaled $42.4 million, up 20% year over year, driven by a 33% increase in sales volumes offset by a 10% decrease in price.

Headline financials

Total Revenue

$209M

Previous: $234M-10.6%
EPS (adj)

-$0.77

Previous: -$0.06-1183.3%
Adj. Operating Income

-$12.8M

No prior period
Adjusted EBITDA

$15.6M

No prior period
Salt Operating Income

$21M

No prior period
Salt Adj. EBITDA

$38.1M

No prior period
Plant Nutrition Op. Income

-$29.7M

No prior period
Plant Nutrition Adj. EBITDA

-$3.7M

No prior period
Salt Sales Volumes

1.5M

No prior period
Plant Nutrition Sales Vol.

68.0K

No prior period
Capital Expenditures

-$20.9M

Previous: -$70.5M+70.4%
Net Income

-$48.3M

Previous: -$2.5M-1832.0%
Operating Income

-$29.8M

Previous: $3.9M-864.1%
Gross Profit

$19.5M

Previous: $44.1M-55.8%
Stock-Based Comp

$1.8M

Previous: $3.4M-47.1%

Revenue & EPS history

Compass Minerals · Revenue · Quarterly

$209M

Q4 2024-10.6%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Compass Minerals · $156M total across 1 segment · Q3 2022

  • Salt Segment
    $156M

Forward guidance

Compass Minerals provided financial outlook for fiscal full-year 2025.

Tailwinds

  • Salt sales volumes for 2025 at the midpoint of guidance are expected to increase approximately 9% over 2024, assuming average sales-to-commitment ratios
  • Plant Nutrition earnings expected to be in line with 2024 levels while efforts continue to restore the business, driven by lower SOP pricing offset by improving volumes and lower forecasted production costs.
  • The company expects a modest increase in sales volumes in 2025 as economic conditions in certain key markets are anticipated to improve.
  • Operationally, the focus of the Plant Nutrition segment in 2025 is on the restoration of the company's Ogden ponds and advancing efficiency initiatives at the plant.
  • Total capital expenditures for the company in fiscal 2025 are expected to be within a range of $100 million to $110 million.

Headwinds

  • Completed 2024-2025 bid season resulted in North American highway deicing prices down approximately 2% and committed volumes down roughly 9%.
  • SOP prices are expected to decline year over year as a result of anticipated weakness in global potash prices.
  • Projected Corporate segment results include corporate expenses in support of our core businesses, Fortress financial results, and the results of DeepStore
  • The guidance does not include any revenue that could arise from a fire-retardant contract resulting from ongoing negotiations with the USFS.
  • The guidance for the 2025 effective income tax rate reflects the income mix by country with income recognized in foreign jurisdictions offset by losses recognized in the U.S.

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 Q4 2024

Historical avgQ4 2024

-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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