Loading...
•
Mar 31, 2022
Compass Minerals Q2 2022 Earnings Report
Compass Minerals delivered year-over-year revenue growth during the quarter, but profitability was tempered by higher distribution and production costs.
Key Takeaways
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.
Revenue by Segment
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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...