Loading...
•
Dec 31, 2019
Compass Minerals Q4 2019 Earnings Report
Reported strong fourth-quarter operating earnings and adjusted EBITDA growth on slightly higher total revenue, with all operating segments generating earnings improvements.
Key Takeaways
Compass Minerals reported a 3% increase in revenue to $500.3 million and a 10% increase in net earnings to $56.1 million, or $1.63 per diluted share, for the fourth quarter of 2019. The company's operating earnings increased by 41% to $96.2 million.
Fourth-quarter revenue increased 3% year-over-year.
Operating earnings for the fourth-quarter increased 41% year-over-year.
Net earnings for the fourth-quarter increased 10% year-over-year.
Strategic evaluation of Plant Nutrition South America business was initiated.
Compass Minerals
Compass Minerals
Compass Minerals Revenue by Segment
Revenue by Segment
Salt Segment Revenue
CapyFin.comPlant Nutrition Revenue
CapyFin.com Forward Guidance
Compass Minerals expects a substantial increase in full-year 2020 EBITDA from 2019 results to the range of $350 million to $400 million.
Positive Outlook
- Strong production performance at Goderich and Cote Blanche mines
- Healthy highway deicing prices in North America
- Normalized agriculture fundamentals in North and South America
- Modest Salt segment revenue growth for the first half of 2020
- Price improvements are expected to drive an increase in Salt segment EBITDA
Revenue & Expenses
Visualization of income flow from segment revenue to net income