Compass Minerals International Inc (CMP)

EnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE Facility in UtahMay 18, 2026 11:00 AM
PR Newswire (US) HIGHLIGHTS:?  EnergyX and Compass Minerals enter into an agreement to advance EnergyX's planned 30,000 tpa commercial-scale direct lithium extraction (DLE) and refinery plant near Utah's Great Salt Lake; the EnergyX project has been named Project Powder Hound™.?  The Ogden, Utah, site holds an identified domestic resource of up to 2.4 million metric tons of lithium carbonate equivalent, one of the richest lithium brine regions in the U.S.?  EnergyX will commit all funding with plans to invest approximately $400 million across two phases, projecting $600M+ in annual revenue at full build.?  Project Powder Hound™ will be one of the first commercial-scale DLE facilities in the U.S., powered by EnergyX's proprietary GET-Lit™ technology and 140+ patents.AUSTIN, Texas , May 18, 2026 /PRNewswire/ -- Energy Exploration Technologies Inc. ("EnergyX"), a leading innovator in sustainable direct lithium extraction (DLE) and refining technologies, today announced that it has entered into a Memorandum of Understanding with Compass Minerals, a global leader in the production of essential minerals. Per the agreement, the companies will explore the development of EnergyX's projected 30,000 tons-per-annum (tpa) commercial-scale DLE and refinery facility near the Great Salt Lake in Utah. Under the terms of the agreement, EnergyX plans to design, fund, construct and operate a commercial DLE and refining facility on land owned by Compass Minerals. The Ogden, Utah, site has been identified as a significant domestic resource of approximately 2.4 million metric tons of lithium carbonate equivalent (LCE). As per the terms being explored, EnergyX will lease land from and pay a lithium production license fee to Compass Minerals, which will assign to EnergyX its existing lithium infrastructure and bear no capital costs in connection with the project.The concept under consideration would enable EnergyX to develop the project in two phases, with the first up to 10,000 tpa derived from ponds currently used by Compass Minerals for the production of its salt, sulfate of potash and magnesium chloride products. The second phase of an additional potential ~20,000 tpa is to be sourced from upstream brine concentration ponds. Across both phases, lithium will be extracted without incremental withdrawal from the Great Salt Lake. EnergyX plans to invest approximately $400 million in the project, taking advantage of its industry-low CapEx costs of $12,500 per ton. The project is expected to create nearly 200 jobs in the region.This development in Ogden would mark a major milestone for EnergyX, serving as the company's second flagship U.S. project alongside its operations in the Smackover Formation of Texas and Arkansas. Together, these projects represent transformative steps toward securing a sustainable domestic supply of battery-grade lithium and strengthening the United States' critical minerals independence.The planned lithium facility in Ogden will be powered by EnergyX's proprietary GET-Lit™ DLE and refining technologies, supported by more than 140 patents. These technologies are engineered for superior lithium recovery, significantly reduced water consumption, and minimal environmental impact compared with traditional methods."Our partnership with Compass Minerals demonstrates how strategic collaboration can accelerate the buildout of a secure, self-reliant U.S. critical minerals supply chain," said Teague Egan, Founder & CEO of EnergyX. "We are thrilled to advance Project Powder Hound™ in Utah alongside an incredible partner in Compass Minerals.""We are pleased to enter into an agreement to evaluate the leasing of land and licensing of the mineral-rich brine used in our operations to EnergyX," said Edward C. Dowling Jr., president and CEO of Compass Minerals. "Leveraging portions of our existing infrastructure will facilitate EnergyX's development plans, support lake conservation efforts, and enable Compass Minerals to further strengthen our balance sheet as we continue to prioritize our core Salt and Plant Nutrition businesses."Definitive agreements are expected to be finalized over the coming months, subject to satisfactory due diligence and required regulatory approvals from the State of Utah. This initiative further solidifies EnergyX's leadership role in advancing the North American lithium supply chain and positions the company to meet surging demand for lithium driven by the global energy transition.About EnergyX
Energy Exploration Technologies Inc. (EnergyX) is a sustainable energy company transforming lithium extraction for batteries. Using proprietary direct lithium extraction (DLE) technology, it aims to lower costs and boost production. Founded in 2018 by Teague Egan, it is based out of San Juan, Puerto Rico, and currently has offices and laboratory facilities in Austin, Texas, and operations throughout Chile in the South American Lithium Triangle. Learn more at energyx.com.About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. The company's salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.Media Contact:
EnergyX Communications
Kellee Khalil, Chief Marketing Officer
press@energyx.com View original content to download multimedia:https://www.prnewswire.com/news-releases/energyx-signs-agreement-with-compass-minerals-to-advance-up-to-30-000-ton-commercial-lithium-dle-facility-in-utah-302774665.htmlSOURCE EnergyX Original: EnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE Facility in Utah

Compass Minerals Announces Participation in Deutsche Bank’s 17th Annual Basic Materials Conference in June 2026May 13, 2026 4:19 PM
Business Wire Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced that the company will participate in one-on-one meetings at Deutsche Bank’s 17th Annual Basic Materials Conference on June 2, 2026, in New York City. Updated presentation materials will be available at the time of the event through the investor relations section of the Compass Minerals website at compassminerals.com. About Compass Minerals Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513367661/en/ Investor Contact
Brent Collins
Vice President, Treasurer & Investor Relations
+1.913.344.9111
InvestorRelations@compassminerals.com Media Contact
Kevin Gabriel
Senior Director, Corporate Affairs
+1.913.344.9265
MediaRelations@compassminerals.com Original: Compass Minerals Announces Participation in Deutsche Bank’s 17th Annual Basic Materials Conference in June 2026

Ascending Triple Top Breakout on 12 May 2026. GLTA

Compass Minerals Reports Fiscal 2026 Second-Quarter ResultsMay 6, 2026 4:57 PM
Business Wire Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal 2026 second-quarter results. The company also announced that unionized employees at its Goderich mine have ratified a new three-year collective bargaining agreement. Unless otherwise noted, it should be assumed that time periods referenced below are on a fiscal-year basis and financial amounts are in U.S. dollars. MANAGEMENT COMMENTARY “Consistent with our Back-to-Basics framework, during the quarter we took a significant step in strengthening our balance sheet by retiring the remaining $150 million of senior unsecured notes due in 2027 and removing our nearest debt maturity,” said Edward C. Dowling Jr., president and CEO. “We had a strong winter across much of North America, and our Salt platform delivered on a high level of sales commitments while continuing to realize pricing gains. Our Plant Nutrition segment delivered another strong quarter at Ogden, with meaningful year-over-year improvement in cost performance and margins. Total company adjusted EBITDA for the quarter was $86.4 million, bringing us to $151.7 million for the first half of the year and on track to achieve our full-year outlook. We increased our Plant Nutrition guidance to reflect the strong results we continue to see in that operation, including higher expected sales volumes, better pricing and lower costs. We decreased our Salt guidance to reflect the differences in regional and product sales mix relative to forecast. Additionally, while we are seeing improvements in mine-level product costs, we have not yet achieved the level of production and efficiency gains in our mining operations that we had expected earlier in the year. “Goderich mine is important for Compass Minerals, and I am pleased that we reached a new three-year agreement with the represented workforce. We believe we have struck a mutually beneficial arrangement that allows us to continue building upon the safe and reliable operations while allowing us to take steps to improve the mine's efficiency and flexibility. “The hard work being done across the company is beginning to bear fruit. Some of this is manifesting itself currently in our financial results, while other initiatives will take a little more time. We know what we need to do and we are heading in the right direction, but there is more work to be done. We remain focused on reducing debt, improving our operations in all areas of the company, and building long-term value for shareholders.” QUARTERLY HIGHLIGHTS Net income of $12.7 million for the second quarter of 2026, compared to a net loss of $32.0 million in the prior year; Total company adjusted EBITDA for the second quarter of 2026 of $86.4 million, up 3% year over year; Operating earnings and adjusted EBITDA margins within the Salt business improved year over year; absolute operating earnings and adjusted EBITDA both declined 3% between comparative periods, driven principally by lower highway deicing sales volume; Continued improvements in pricing and cost structure increased Plant Nutrition segment operating earnings and adjusted EBITDA on both absolute and per-ton bases; Total debt declined 12% year over year to $713.0 million as March 31, 2026, while net debt decreased $119.2 million, or 16%, to $638.9 million over the same period; and Mid-point of full-year 2026 guidance for total company adjusted EBITDA maintained within modified range of $212 million to $236 million, reflecting stronger-than-expected results in the Plant Nutrition segment and adjustments related to changes in sales mix and operational matters in the Salt segment. QUARTERLY FINANCIAL RESULTS (in millions, except per share data)   Three Months Ended Mar. 31,   Six Months Ended Mar. 31,   2026   2025   2026   2025 GAAP Results:                 Revenue   $ 453.2   $ 494.6     $ 849.3   $ 801.8   Operating income (loss)     56.0       (3.1 )     92.6       (2.6 ) Net income (loss)     12.7       (32.0 )     31.3       (55.6 ) Net income (loss) per diluted share     0.30       (0.77 )     0.73       (1.34 ) Non-GAAP Results*:                 Adjusted operating income*     56.0       54.8       92.6       56.2   Adjusted EBITDA*     86.4       84.1       151.7       116.2   Adjusted net income (loss)*     27.3       25.7       45.9       2.8   Adjusted net income (loss)* per diluted share     0.63       0.63       1.06       0.07     *Non-GAAP financial measure. Reconciliations to the most directly comparable GAAP financial measure are provided in tables at the end of this press release. SALT BUSINESS RECAP Salt revenue for the second quarter decreased 12% year over year to $382.6 million, as a result of 22% lower sales volumes in highway deicing and flat consumer and industrial (C&I) volumes. Highway deicing sales tons made up 87% of total salt sales for the quarter, compared to 90% of prior year's sales volumes. Salt segment pricing increased 10% year over year, with highway deicing pricing up 10% and C&I sales prices down of 3%, respectively, year over year. Salt segment operating earnings for the quarter decreased by 3% to $65.2 million from the prior-year period. Adjusted EBITDA decreased to $83.2 million, down 3% from the prior-year period. These financial results reflect lower sales volumes between the periods and the pricing dynamics described above, offset by higher per-unit production costs and distribution costs year over year. For the first half of the year, Salt revenue increased 6% year over year to $714.1 million. Highway deicing revenue increased 6% from the comparable prior year period, driven by 8% higher pricing offset by a 2% decrease in sales volumes. C&I revenue for the same period also increased 6%, driven by a 7% increase in sales volumes offset by a 1% decrease in pricing. In the first half of 2026, Salt segment operating earnings for the quarter increased by 19% to $114.3 million compared to the first half of 2025. For the same period, adjusted EBITDA increased 13% to $150.4 million. These results reflect the stronger deicing season experienced in 2025/2026 in the company's served markets, which drove higher sales volumes between the periods, and improved pricing. Stronger sales were partially offset by higher per-unit production costs and distribution costs year over year. The regional mix of sales volumes impacted cost comparability between periods due to different cost structures across the company's production facilities and storage depots. PLANT NUTRITION BUSINESS RECAP Plant Nutrition revenue for the quarter totaled $67.0 million, up 15% year over year on 4% stronger sales volume over the same period. The average segment sales price for the quarter was up 10% year over year to approximately $690 per ton. Operating earnings in the Plant Nutrition segment were $7.6 million for the quarter, compared to an operating loss of $1.8 million in the prior-year quarter. Adjusted EBITDA improved to $16.9 million versus $5.6 million last year. These financial results reflect higher sales volumes and higher average sales prices. Both product costs and distribution costs were down on a per-unit basis year over year. The Company completed the sale of its sulfate of potash (SOP) business in Wynyard, Saskatchewan, Canada, on March 1, 2026, for total consideration of $30.8 million prior to customary closing adjustments, $3.9 million of which was placed in escrow. Compass Minerals recognized a non-cash loss on the sale of $14.6 million, including $13.1 million of cumulative foreign currency translation adjustments reclassified from accumulated other comprehensive loss. CASH FLOW AND FINANCIAL POSITION Net cash provided by operating activities amounted to $160.4 million for the six months ended March 31, 2026, compared to $182.8 million in the prior year. Changes in working capital reflect the settlement of the previously disclosed tax dispute in Ontario during the first quarter of 2026. Net cash used in investing activities was $18.6 million for the six months ended March 31, 2026, a decrease from $35.9 million used in the prior year. Total capital spending for the six months ended March 31, 2026, was $41.0 million compared to $35.8 million in 2025. The company received $23.2 million of cash proceeds, net of amounts held in escrow and customary closing adjustments related to the aforementioned sale of the Wynyard SOP business. Net cash used in financing activities was $127.3 million for the six months ended March 31, 2026, which included net payments of $120.8 million, inclusive of the redemption of the $150 million in 2027 Senior Unsecured Notes in March of 2026. In the prior year, net cash used in financing activities was $116.8 million and reflected net payments of $109.8 million in the period. The company ended the quarter with $378.9 million of liquidity, comprised of $74.1 million in cash and cash equivalents and $304.8 million of availability under its $325.0 million revolving credit facility. Total debt as of March 31, 2026, was $713.0 million compared to $807.6 million a year earlier. Net debt was $638.9 million at the end of the second quarter of 2026, down $119.2 million from $758.1 million at the end of the comparable prior year period. The net leverage ratio for the quarter ended March 31, 2026, was 2.7 times, down from 4.6 times for the comparable prior year period. UPDATED OPERATING AND FISCAL 2026 OUTLOOK Based on stronger-than-expected results in the Plant Nutrition segment and adjustments related to changes in sales mix and operational matters in the Salt segment, Compass Minerals is updating its previously issued full-year fiscal 2026 outlook as follows: Salt Segment   2026   Previous Guidance   Current Guidance Highway deicing sales volumes (thousands of tons) 8,200 - 8,500   8,450 - 8,800 Consumer and industrial sales volumes (thousands of tons) 1,700 - 1,950   1,900 - 2,000 Total salt sales volumes (thousands of tons) 9,900 - 10,450   10,350 - 10,800         Revenue (in millions) $980 - $1,050   $1,025 - $1,080 Adjusted EBITDA (in millions) $230 - $252   $225 - $240 Plant Nutrition Segment1   2026   Previous Guidance   Current Guidance Sales volumes (thousands of tons) 255 - 275   280 - 300 Revenue (in millions) $170 - $185   $190 - $210 Adjusted EBITDA (in millions) $34 - $ 39   $43 - $ 47 1) Reflects the impact of the sale of the Wynyard SOP business. Corporate & Other   2026   Previous Guidance   Current Guidance Adj. EBITDA (in millions) ($56) - ($51)   ($56) - ($51) Projected Corporate and Other results shown in the table above include corporate expenses in support of our core businesses and the results of DeepStore, the company's records management business in the U.K. Total Compass Minerals   Current 2026 Adjusted EBITDA Guidance   Salt   Plant Nutrition   Corporate   Total Adjusted EBITDA (in millions) $225 - $240   $43 - $47   ($56) - ($51)   $212 - $236                   2026 Capital Expenditures               Total Capital expenditures (in millions)             $90 - $110 Other Financial Assumptions   2026 ($ in millions) Previous Guidance   Current Guidance Depreciation, depletion and amortization $105 - $115   $105 - $115 Interest expense, net $65 - $70   $62 - $67 Effective income tax rate (excl. valuation allowance) 30% - 34%   30% - 34% Guidance for the 2026 effective income tax rate reflects the income mix by country with income recognized in foreign jurisdictions offset by losses recognized in the U.S. CONFERENCE CALL Compass Minerals will discuss its results on a conference call tomorrow morning, Thursday, May 7, at 9:30 a.m. ET (8:30 a.m. CT). To access the conference call, please visit the company’s website at investors.compassminerals.com or dial 800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 646-307-1963. Replays of the call will be available on the company’s website. A supporting company presentation supporting 2026 second-quarter results is available at investors.compassminerals.com. About Compass Minerals Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products. Forward-Looking Statements and Other Disclaimers This press release may contain forward-looking statements, including, without limitation, statements about future costs, production, mutual benefits of our arrangement with the workforce at Goderich, debt reduction, shareholder value, and the company's outlook for 2026, including its expectations regarding sales volumes, revenue, Adjusted EBITDA, depreciation, depletion, and amortization, interest expense, tax rates, and capital expenditures. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. The company uses words such as “may,” “would,” “could,” “should,” “will,” “likely,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “forecast,” “outlook,” “project,” “estimate” and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors, including without limitation (i) weather conditions, (ii) inflation, the cost and availability of transportation for the distribution of the company’s products and foreign exchange rates, (iii) pressure on prices and impact from competitive products, and (iv) any inability by the company to successfully implement its strategic priorities or its cost-saving or enterprise optimization initiatives. For further information on these and other risks and uncertainties that may affect the company’s business, see the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s Annual Report on Form 10-K for the period ended Sept. 30, 2025, and its Quarterly Reports on Form 10-Q for the quarter ended Mar. 31, 2026, filed or to be filed with the SEC, as well as the company's other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties. Non-GAAP Measures In addition to using U.S. generally accepted accounting principles (“GAAP”) financial measures, management uses a variety of non-GAAP financial measures described below to evaluate the company’s and its operating segments’ performance. While the consolidated financial statements provide an understanding of the company’s overall results of operations, financial condition and cash flows, management analyzes components of the consolidated financial statements to identify certain trends and evaluate specific performance areas. Management uses EBITDA, EBITDA adjusted for items which management believes are not indicative of the company’s ongoing operating performance (“Adjusted EBITDA”) and EBITDA margin to evaluate the operating performance of the company’s core business operations because its resource allocation, financing methods and cost of capital, and income tax positions are managed at a corporate level, apart from the activities of the operating segments, and the operating facilities are located in different taxing jurisdictions, which can cause considerable variation in net earnings. Management also uses adjusted operating earnings, adjusted operating margin, adjusted net earnings, and adjusted net earnings per diluted share, which eliminate the impact of certain items that management does not consider indicative of underlying operating performance. The presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or non-recurring items. Management believes these non-GAAP financial measures provide management and investors with additional information that is helpful when evaluating underlying performance. EBITDA and Adjusted EBITDA exclude interest expense, income taxes and depreciation, depletion and amortization, each of which is an essential element of the company’s cost structure and cannot be eliminated. In addition, Adjusted EBITDA and Adjusted EBITDA margin exclude certain cash and non-cash items, including stock-based compensation, impairment charges and certain restructuring charges. Consequently, any measure that excludes these elements has material limitations. The non-GAAP financial measures used by management should not be considered in isolation or as a substitute for net earnings, operating earnings, cash flows or other financial data prepared in accordance with GAAP or as a measure of overall profitability or liquidity. These measures are not necessarily comparable to similarly titled measures of other companies due to potential inconsistencies in the method of calculation. The calculation of non-GAAP financial measures as used by management is set forth in the following tables. All margin numbers are defined as the relevant measure divided by sales. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring, unusual items and/or distinct non-core initiatives without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company’s results. Adjusted operating earnings, adjusted operating margin, adjusted net earnings (loss), adjusted net earnings (loss) per diluted share, net debt and net leverage ratio are presented as supplemental measures of the company’s performance. Management believes these measures provide management and investors with additional information that is helpful when evaluating underlying performance and comparing results on a year-over-year normalized basis. These measures eliminate the impact of certain items that management does not consider indicative of underlying operating performance. These adjustments are itemized below. Adjusted net earnings (loss) per diluted share is adjusted net earnings (loss) divided by weighted average diluted shares outstanding. Net debt is calculated as current and long-term debt minus cash and cash equivalents used to evaluate our financial position. Management defines net leverage ratio as net debt divided by Adjusted EBITDA for the previous twelve-month period ("last twelve months," or "LTM"). You are encouraged to evaluate the adjustments itemized above and the reasons management considers them appropriate for supplemental analysis. In evaluating these measures you should be aware that in the future the company may incur expenses that are the same as or similar to some of the adjustments presented below. Special Items Impacting the Three Months Ended Mar. 31, 2025 (unaudited, in millions, except per share data) Item Description   Segment   Line Item   Amount   Tax Effect(1)   After Tax   EPS Impact Product recall costs(1)   Salt   Product cost and Other operating expense   $ 0.9   $ (0.2 )   $ 0.7   $ 0.02 Restructuring charges(2)   Salt   Other operating income     0.3       —       0.3       0.01   Restructuring charges(2)   Corporate and Other   Other operating income     3.7       —       3.7       0.09   Impairments(3)   Corporate and Other   Loss on impairments     53.0       —       53.0       1.28   Total           $ 57.9     $ (0.2 )   $ 57.7     $ 1.40   Special Items Impacting the Six Months Ended Mar. 31, 2025 (unaudited, in millions, except per share data) Item Description   Segment   Line Item   Amount   Tax Effect(1)   After Tax   EPS Impact Product recall costs(1)   Salt   Product cost and Other operating income   $ 1.8   $ (0.4 )   $ 1.4   $ 0.03 Restructuring charges(2)   Salt   Other operating income     0.3       —       0.3       0.01   Restructuring charges(2)   Corporate and Other   Other operating income     3.7       —       3.7       0.09   Impairments(3)   Corporate and Other   Loss on impairments     53.0       —       53.0       1.28   Total           $ 58.8     $ (0.4 )   $ 58.4     $ 1.41   (1) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. (2) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the three and six months ended March 31, 2025. (3) For the three and six months ended March 31, 2025, the Company recorded a loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. Reconciliation for Adjusted Operating Income (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Operating income (loss)   $ 56.0     $ (3.1 )   $ 92.6     $ (2.6 ) Product recall costs(1)     —       0.9       —       1.8   Restructuring charges(2)     —       4.0       —       4.0   Loss on impairments(3)     —       53.0       —       53.0   Adjusted operating income   $ 56.0     $ 54.8     $ 92.6     $ 56.2   Sales     453.2       494.6       849.3       801.8   Operating margin     12.4 %     (0.6 )%     10.9 %     (0.3 )% Adjusted operating margin     12.4 %     11.1 %     10.9 %     7.0 % (1) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. (2) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the three and six months ended March 31, 2025. (3) For the three and six months ended March 31, 2025, the Company recorded a loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. Reconciliation for Adjusted Net Income (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Net income (loss)   $ 12.7   $ (32.0 )   $ 31.3   $ (55.6 ) Loss on sale of business, net(1)     14.6       —       14.6       —   Product recall costs(2)     —       0.9       —       1.8   Restructuring charges(3)     —       4.0       —       4.0   Loss on impairments(4)     —       53.0       —       53.0   Income tax effect     —       (0.2 )   $ —       (0.4 ) Adjusted net income   $ 27.3     $ 25.7     $ 45.9     $ 2.8                     Net income (loss) per diluted share   $ 0.30     $ (0.77 )   $ 0.73     $ (1.34 ) Adjusted net income per diluted share   $ 0.63     $ 0.63     $ 1.06     $ 0.07   Weighted-average common shares outstanding (in thousands):                 Diluted     42,357       41,521       42,297       41,480   (1) For the three and six months ended March 31, 2026, the Company recorded a loss on sale of the Wynyard business of $14.6 million, which included a $13.1 million recognition of cumulative foreign currency translation adjustments reclassified from Accumulated other comprehensive loss. (2) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. (3) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the three and six months ended March 31, 2025. (4) For the three and six months ended March 31, 2025, the Company recorded a loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. Reconciliation for EBITDA and Adjusted EBITDA (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Net income (loss)   $ 12.7     $ (32.0 )   $ 31.3     $ (55.6 ) Interest expense     17.9       18.0       36.0       34.9   Income tax expense     16.0       9.8       13.8       19.5   Depreciation, depletion and amortization     28.2       26.5       54.6       53.3   EBITDA     74.8       22.3       135.7       52.1   Adjustments to EBITDA:                 Stock-based compensation - non-cash     2.2       2.8       4.5       6.7   Interest income     (0.6 )     (0.2 )     (0.9 )     (0.6 ) Gain on foreign exchange, net     (5.6 )     (0.1 )     (3.5 )     (5.3 ) Loss on sale of business, net(1)     14.6       —       14.6       —   Loss on extinguishment of debt(2)     0.5       —       0.5       —   Product recall costs(3)     —       0.9       —       1.8   Restructuring charges(4)     —       4.0       —       4.0   Loss on impairments(5)     —       53.0       —       53.0   Other expense, net     0.5       1.4       0.8       4.5   Adjusted EBITDA   $ 86.4     $ 84.1     $ 151.7     $ 116.2   (1) For the three and six months ended March 31, 2026, the Company recorded a loss on sale of the Wynyard business of $14.6 million, which included a $13.1 million recognition of cumulative foreign currency translation adjustments reclassified from Accumulated other comprehensive loss. (2) For the three and six months ended March 31, 2026, the Company recorded a $0.5 million loss on extinguishment of debt related to the write-off of deferred financing costs from the redemption of the 2027 Notes. (3) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. (4) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the three and six months ended March 31, 2025. (5) For the three and six months ended March 31, 2025, the Company recorded a loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. Salt Segment Performance (unaudited, in millions, except for sales volumes and prices per short ton)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Sales   $ 382.6     $ 432.7     $ 714.1     $ 674.9   Operating income   $ 65.2     $ 66.9     $ 114.3     $ 96.3   Operating margin     17.0 %     15.5 %     16.0 %     14.3 % Adjusted operating income(1)   $ 65.2     $ 68.1     $ 114.3     $ 98.4   Adjusted operating margin(1)     17.0 %     15.7 %     16.0 %     14.6 % EBITDA(1)   $ 83.2     $ 84.3     $ 150.4     $ 131.2   EBITDA(1) margin     21.7 %     19.5 %     21.1 %     19.4 % Adjusted EBITDA(1)   $ 83.2     $ 85.5     $ 150.4     $ 133.3   Adjusted EBITDA(1) margin     21.7 %     19.8 %     21.1 %     19.8 % Sales volumes (in thousands of tons):                 Highway deicing     3,593       4,583       6,444       6,570   Consumer and industrial     520       522       1,095       1,028   Total Salt     4,113       5,105       7,539       7,598   Average prices (per ton):                 Highway deicing   $ 77.60     $ 70.86     $ 75.99     $ 70.45   Consumer and industrial   $ 199.49     $ 206.71     $ 204.92     $ 206.25   Total Salt   $ 93.01     $ 84.76     $ 94.72     $ 88.83   (1) Non-GAAP financial measure. Reconciliations follow in these tables. Reconciliation for Salt Segment Adjusted Operating Income (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Reported GAAP segment operating income   $ 65.2     $ 66.9     $ 114.3     $ 96.3   Restructuring charges(1)     —       0.3       —       0.3   Product recall costs(2)     —       0.9       —       1.8   Segment adjusted operating income   $ 65.2     $ 68.1     $ 114.3     $ 98.4   Segment sales     382.6       432.7       714.1       674.9   Segment operating margin     17.0 %     15.5 %     16.0 %     14.3 % Segment adjusted operating margin     17.0 %     15.7 %     16.0 %     14.6 % (1) The Company incurred severance and related charges of $0.3 million, due to a reduction in workforce, during the three and six months ended March 31, 2025. (2) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. Reconciliation for Salt Segment EBITDA and Adjusted EBITDA (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Reported GAAP segment operating income   $ 65.2     $ 66.9     $ 114.3     $ 96.3   Depreciation, depletion and amortization     18.0       17.4       36.1       34.9   Segment EBITDA   $ 83.2     $ 84.3     $ 150.4     $ 131.2   Restructuring charges(1)     —       0.3       —       0.3   Product recall costs(2)     —       0.9       —       1.8   Segment adjusted EBITDA   $ 83.2     $ 85.5     $ 150.4     $ 133.3   Segment sales     382.6       432.7       714.1       674.9   Segment EBITDA margin     21.7 %     19.5 %     21.1 %     19.4 % Segment adjusted EBITDA margin     21.7 %     19.8 %     21.1 %     19.8 % (1) The Company incurred severance and related charges of $0.3 million, due to a reduction in workforce, during the three and six months ended March 31, 2025. (2) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. Plant Nutrition Segment Performance (unaudited, dollars in millions, except for sales volumes and prices per short ton)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Sales   $ 67.0     $ 58.3     $ 127.8     $ 119.7   Operating income (loss)   $ 7.6     $ (1.8 )   $ 13.0     $ (4.9 ) Operating margin     11.3 %     (3.1 )%     10.2 %     (4.1 )% Adjusted operating income (loss)(1)   $ 7.6     $ (1.8 )   $ 13.0     $ (4.9 ) Adjusted operating margin(1)     11.3 %     (3.1 )%     10.2 %     (4.1 )% EBITDA(1)   $ 16.9     $ 5.6     $ 29.7     $ 10.0   EBITDA(1) margin     25.2 %     9.6 %     23.2 %     8.4 % Adjusted EBITDA(1)   $ 16.9     $ 5.6     $ 29.7     $ 10.0   Adjusted EBITDA(1) margin     25.2 %     9.6 %     23.2 %     8.4 % Sales volumes (in thousands of tons)     97       93       186       195   Average price (per ton)   $ 690.43     $ 626.02     $ 688.92     $ 613.61   (1) Non-GAAP financial measure. Reconciliations follow in these tables. Reconciliation for Plant Nutrition Segment Adjusted Operating Income (Loss) (unaudited, in millions)   Three Months Ended Mar. 31,   Six Months Ended Mar. 31,   2026   2025   2026   2025 Reported GAAP segment operating income (loss) $ 7.6     $ (1.8 )   $ 13.0     $ (4.9 ) Segment adjusted operating income (loss)   7.6       (1.8 )   $ 13.0     $ (4.9 ) Segment sales   67.0       58.3       127.8       119.7   Segment operating margin   11.3 %     (3.1 )%     10.2 %     (4.1 )% Segment adjusted operating margin   11.3 %     (3.1 )%     10.2 %     (4.1 )% Reconciliation for Plant Nutrition Segment EBITDA and Adjusted EBITDA (unaudited, in millions)     Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Reported GAAP segment operating income (loss)   $ 7.6     $ (1.8 )   $ 13.0     $ (4.9 ) Depreciation, depletion and amortization     9.3       7.4       16.7       14.9   Segment EBITDA     16.9       5.6     $ 29.7     $ 10.0   Segment adjusted EBITDA     16.9       5.6     $ 29.7     $ 10.0   Segment sales     67.0       58.3       127.8       119.7   Segment EBITDA margin     25.2 %     9.6 %     23.2 %     8.4 % Segment adjusted EBITDA margin     25.2 %     9.6 %     23.2 %     8.4 % Reconciliation of Net Debt (unaudited, in millions)     Mar. 31,     2026   2025 Current portion of long-term debt   $ —     $ 10.0   Long-term debt, net of current portion     713.0       797.6   Total Debt     713.0       807.6   Less: Cash and cash equivalents     (74.1 )     (49.5 ) Net Debt   $ 638.9     $ 758.1   Reconciliation of Net Leverage Ratio (unaudited, in millions)     Twelve Months Ended Mar. 31,     2026   2025 Net Debt (as of period end)   $ 638.9   $ 758.1 Divided by: LTM Adjusted EBITDA(1)     234.3       164.6   Net Leverage Ratio     2.7       4.6   (1) See Reconciliation for Mar. 31, 2026 LTM Adjusted EBITDA and Reconciliation for Mar. 31, 2025 LTM Adjusted EBITDA in the tables below. Reconciliation for Mar. 31, 2026 LTM Adjusted EBITDA (unaudited, in millions)     Add: Current Year   Less: Prior Year   Add: Prior Fiscal Year   LTM Adjusted EBITDA     Six Months Ended Mar. 31, 2026   Six Months Ended Mar. 31, 2025   Twelve Months Ended Sept. 30, 2025   Twelve Months Ended Mar. 30, 2026 Net income (loss)   $ 31.3     $ (55.6 )   $ (79.8 )   $ 7.1   Interest expense     36.0       34.9       68.5       69.6   Income tax expense     13.8       19.5       26.1       20.4   Depreciation, depletion and amortization     54.6       53.3       103.2       104.5   EBITDA     135.7       52.1       118.0       201.6   Adjustments to EBITDA:                 Stock-based compensation - non-cash     4.5       6.7       10.2       8.0   Interest income     (0.9 )     (0.6 )     (1.3 )     (1.6 ) (Gain) loss on foreign exchange, net     (3.5 )     (5.3 )     (0.1 )     1.7   Loss on sale of business, net(1)     14.6       —       —       14.6   Loss on extinguishment of debt(2)     0.5       —       7.6       8.1   Product recall costs(3)     —       1.8       2.1       0.3   Restructuring charges(4)     —       4.0       4.3       0.3   Loss on impairments(5)     —       53.0       53.7       0.7   Other expense, net(6)     0.8       4.5       4.3       0.6   Adjusted EBITDA   $ 151.7     $ 116.2     $ 198.8     $ 234.3   (1) For the six months ended March 31, 2026, the Company recorded a loss on the sale of the Wynyard business of $14.6 million, which included a $13.1 million recognition of cumulative foreign currency translation adjustments reclassified from Accumulated other comprehensive loss. (2) For the six months ended March 31, 2026, the Company recorded a $0.5 million loss on extinguishment of debt related to the write-off of deferred financing costs from the redemption of the 2027 Notes. For the twelve months ended September 30, 2025, the Company recorded a $7.6 million loss on extinguishment of debt, comprised of a $3.9 million prepayment premium related to the partial redemption of the 2027 Notes and a $3.7 million write-off of unamortized deferred financing costs related to the partial redemption of 2027 Notes and repayment of the term loans. (3) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the six months ended March 31, 2025 and the twelve months ended September 30, 2025 were $1.8 million and $2.1 million, respectively. (4) The Company incurred severance and related charges of $4.0 million and $4.3 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the six months ended March 31, 2025 and the twelve months ended September 30, 2025, respectively. (5) For the six months ended March 31, 2025 and the twelve months ended September 30, 2025, the Company recorded a loss on impairments of $53.0 million and $53.7 million, respectively, related to intangible assets due to the exit of the Fortress fire retardant business. (6) Other expense primarily consisted of fees paid and the write-off of previously capitalized deferred financing costs related to the modification of the Company's Credit Agreement for the six months ended March 31, 2025 and the twelve months ended September 30, 2025, respectively. Reconciliation for Mar. 31, 2025 LTM Adjusted EBITDA (unaudited, in millions)     Add: Current Year   Less: Prior Year   Add: Prior Fiscal Year   LTM Adjusted EBITDA     Six Months Ended Mar. 31, 2025   Six Months Ended Mar. 31, 2024   Twelve Months Ended Sept. 30, 2024   Twelve Months Ended Mar. 30, 2025 Net income (loss)   $ (55.6 )   $ (114.2 )   $ (206.1 )   $ (147.5 ) Interest expense     34.9       33.2       69.5       71.2   Income tax expense (benefit)     19.5       (12.3 )     17.9       49.7   Depreciation, depletion and amortization     53.3       52.3       105.0       106.0   EBITDA     52.1       (41.0 )     (13.7 )     79.4   Adjustments to EBITDA:                 Stock-based compensation - non-cash     6.7       7.0       8.1       7.8   Interest income     (0.6 )     (0.6 )     (1.0 )     (1.0 ) (Gain) loss on foreign exchange, net     (5.3 )     (0.6 )     0.7       (4.0 ) Product recall costs(1)     1.8       —       0.8       2.6   Restructuring charges(2)     4.0       15.7       15.8       4.1   Loss on impairments(3)     53.0       175.8       193.4       70.6   Other expense, net(4)     4.5       1.6       2.2       5.1   Adjusted EBITDA   $ 116.2     $ 157.9     $ 206.3     $ 164.6   (1) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the six months ended March 31, 2025 and the twelve months ended September 30, 2024 were $1.8 million and $0.8 million, respectively. (2) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the six months ended March 31, 2025. For the six months ended March 31, 2024 and the twelve months ended September 30, 2024, the Company incurred severance and related charges due to the reduction in workforce, changes to executive leadership and additional restructuring costs related to the termination of the Company's lithium development project of $15.7 million and $15.8 million, respectively. (3) For the six months ended March 31, 2025, the Company recorded loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. For the six months ended March 31, 2024 and the twelve months ended September 30, 2024, the Company recorded loss on impairments of $175.8 million and $193.4 million, respectively, related to the termination of the lithium development project, Fortress goodwill, intangible assets, and Plant Nutrition goodwill and water rights. (4) Other expense primarily consisted of the write-off of previously capitalized deferred financing costs related to the modification of the Company's Credit Agreement for the six months ended March 31, 2025. For the six months ended March 31, 2024 and the twelve months ended September 30, 2024, other expense primarily consisted of expense related to natural gas hedges. GAAP COMPASS MINERALS INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited, in millions, except share and per-share data)       Three Months Ended Mar. 31,   Six Months Ended Mar. 31,     2026   2025   2026   2025 Sales   $ 453.2     $ 494.6     $ 849.3     $ 801.8   Shipping and handling cost     138.0       151.4       250.1       232.0   Product cost     232.2       266.4       453.0       458.7   Gross profit     83.0       76.8       146.2       111.1   Selling, general and administrative expenses     27.0       29.6       53.6       62.9   Loss on impairments     —       53.0       —       53.0   Other operating income     —       (2.7 )     —       (2.2 ) Operating income (loss)     56.0       (3.1 )     92.6       (2.6 ) Other expense (income):                 Interest income     (0.6 )     (0.2 )     (0.9 )     (0.6 ) Interest expense     17.9       18.0       36.0       34.9   Gain on foreign exchange, net     (5.6 )     (0.1 )     (3.5 )     (5.3 ) Loss on sale of business, net     14.6       —       14.6       —   Loss on extinguishment of debt     0.5       —       0.5       —   Other expense, net     0.5       1.4       0.8       4.5   Net income (loss) before income taxes     28.7       (22.2 )     45.1       (36.1 ) Income tax expense     16.0       9.8       13.8       19.5   Net income (loss)   $ 12.7     $ (32.0 )   $ 31.3     $ (55.6 )                   Basic net income (loss) per common share   $ 0.30     $ (0.77 )   $ 0.73     $ (1.34 ) Diluted net income (loss) per common share   $ 0.30     $ (0.77 )   $ 0.73     $ (1.34 ) Weighted-average common shares outstanding (in thousands):                 Basic     42,160       41,521       42,105       41,480   Diluted     42,357       41,521       42,297       41,480   COMPASS MINERALS INTERNATIONAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions)       (Unaudited)         Mar. 31,   Sept. 30,     2026   2025 ASSETS Current assets:         Cash and cash equivalents   $ 74.1     $ 59.7   Receivables, net     223.3       179.6   Inventories, net     178.7       312.0   Other current assets     32.0       20.9   Total current assets     508.1       572.2   Property, plant and equipment, net     748.3       770.1   Intangible assets, net     4.3       23.8   Goodwill     6.0       6.0   Other noncurrent assets     98.6       147.3   Total assets   $ 1,365.3     $ 1,519.4             LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities:         Accounts payable   $ 100.8     $ 96.0   Accrued salaries and wages     18.2       26.4   Current portion of finance lease liabilities     6.4       7.9   Income taxes payable     0.4       5.6   Accrued interest     13.5       19.0   Accrued expenses and other current liabilities     107.3       110.7   Total current liabilities     246.6       265.6   Long-term debt, net of current portion     713.0       832.2   Finance lease liabilities, net of current portion     5.9       7.6   Deferred income taxes, net     52.1       53.9   Other noncurrent liabilities     73.5       126.0   Commitments and contingencies         Stockholders' equity:         Common stock     0.4       0.4   Additional paid-in capital     425.7       430.0   Treasury stock, at cost     (3.8 )     (10.8 ) Accumulated deficit     (46.3 )     (77.6 ) Accumulated other comprehensive loss     (101.8 )     (107.9 ) Total stockholders' equity     274.2       234.1   Total liabilities and stockholders' equity   $ 1,365.3     $ 1,519.4   COMPASS MINERALS INTERNATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited, in millions)     Six Months Ended Mar. 31,     2026   2025 Cash flows from operating activities:         Net income (loss)   $ 31.3     $ (55.6 ) Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:         Depreciation, depletion and amortization     54.6       53.3   Amortization of deferred financing costs     2.1       2.6   Non-cash portion of stock-based compensation     4.5       6.7   Deferred income taxes     (1.8 )     0.8   Unrealized foreign exchange gain, net     (3.9 )     (6.4 ) Loss on impairments     —       53.0   Net gain from remeasurement of contingent consideration     —       (7.9 ) Loss on extinguishment of debt     0.5       —   Loss on sale of business, net     14.6       —   Other, net     1.9       0.6   Changes in operating assets and liabilities:         Receivables     (46.2 )     (63.8 ) Inventories     121.3       183.3   Other assets     40.0       2.0   Accounts payable and accrued expenses and other current liabilities     (8.6 )     6.4   Other liabilities     (49.9 )     7.8   Net cash provided by operating activities     160.4       182.8   Cash flows from investing activities:         Capital expenditures     (41.0 )     (35.8 ) Proceeds from sale of business, net of cash and transaction costs     23.2       —   Other, net     (0.8 )     (0.1 ) Net cash used in investing activities     (18.6 )     (35.9 ) Cash flows from financing activities:         Borrowings under revolving credit facility     47.0       140.3   Repayments under revolving credit facility     (47.0 )     (299.9 ) Proceeds from issuance of long-term debt     58.8       62.1   Principal payments on long-term debt     (179.6 )     (12.3 ) Payments of deferred financing costs     (0.3 )     (2.4 ) Shares withheld to satisfy employee tax obligations     (1.7 )     (1.1 ) Other, net     (4.5 )     (3.5 ) Net cash used in financing activities     (127.3 )     (116.8 ) Effect of exchange rate changes on cash and cash equivalents     (0.1 )     (0.8 ) Net change in cash and cash equivalents     14.4       29.3   Cash and cash equivalents, beginning of the year     59.7       20.2   Cash and cash equivalents, end of period   $ 74.1     $ 49.5   COMPASS MINERALS INTERNATIONAL, INC. SEGMENT INFORMATION (unaudited, in millions)   Three Months Ended Mar. 31, 2026   Salt   Plant Nutrition   Corporate & Other(1)   Total Sales to external customers(2)   $ 382.6   $ 67.0   $ 3.6     $ 453.2 Intersegment sales     —       2.0       (2.0 )     —   Shipping and handling cost     128.7       9.3       —       138.0   Product cost     181.1       48.7       2.4       232.2   Gross profit     72.8       9.0       1.2       83.0   Selling, general and administrative expenses     7.6       1.4       18.0       27.0   Operating income (loss)     65.2       7.6       (16.8 )     56.0                     Other Segment Disclosures:                 Depreciation, depletion and amortization     18.0       9.3       0.9       28.2   Loss on sale of business, net(3)     —       14.6       —       14.6   Total assets (as of end of period)     825.3       338.2       201.8       1,365.3   Three Months Ended Mar. 31, 2025   Salt   Plant Nutrition   Corporate & Other(1)   Total Sales to external customers(2)   $ 432.7   $ 58.3     $ 3.6     $ 494.6   Intersegment sales     —       2.3       (2.3 )     —   Shipping and handling cost     141.9       9.5       —       151.4   Product cost     214.3       48.6       3.5       266.4   Gross profit     76.5       0.2       0.1       76.8   Selling, general and administrative expenses     9.1       2.0       18.5       29.6   Loss on impairments(4)     —       —       53.0       53.0   Other operating expense (income)     0.5       —       (3.2 )     (2.7 ) Operating income (loss)(5)(6)     66.9       (1.8 )     (68.2 )     (3.1 )                   Other Segment Disclosures:                 Depreciation, depletion and amortization     17.4       7.4       1.7       26.5   Total assets (as of end of period)     959.2       365.7       207.0       1,531.9   Six Months Ended Mar. 31, 2026   Salt   Plant Nutrition   Corporate & Other(1)   Total Sales to external customers(2)   $ 714.1   $ 127.8   $ 7.4     $ 849.3 Intersegment sales     —       3.0       (3.0 )     —   Shipping and handling cost     232.5       17.6       —       250.1   Product cost     353.1       95.0       4.9       453.0   Gross profit     128.5       15.2       2.5       146.2   Selling, general and administrative expenses     14.2       2.2       37.2       53.6   Operating income (loss)     114.3       13.0       (34.7 )     92.6                     Other Segment Disclosure:                 Depreciation, depletion and amortization     36.1       16.7       1.8       54.6   Loss on sale of business, net(3)     —       14.6       —       14.6   Capital expenditures     31.0       9.2       0.8       41.0   Six Months Ended Mar. 31, 2025   Salt   Plant Nutrition   Corporate Other(1)   Total Sales to external customers(2)   $ 674.9   $ 119.7     $ 7.2     $ 801.8   Intersegment sales     —       5.5       (5.5 )     —   Shipping and handling cost     213.2       18.8       —       232.0   Product cost     348.4       103.0       7.3       458.7   Gross profit (loss)     113.3       (2.1 )     (0.1 )     111.1   Selling, general and administrative expenses     16.5       2.8       43.6       62.9   Loss on impairments(4)     —       —       53.0       53.0   Other operating expense (income)     0.5       —       (2.7 )     (2.2 ) Operating income (loss)(5)(6)     96.3       (4.9 )     (94.0 )     (2.6 )                   Other Segment Disclosure:                 Depreciation, depletion and amortization     34.9       14.9       3.5       53.3   Capital expenditures     27.5       6.2       2.1       35.8   (1) Corporate and other includes corporate entities, records management operations, the Fortress fire retardant costs, prior-year lithium costs and other incidental operations and eliminations. Operating income (loss) for corporate and other includes indirect corporate overhead, including costs for general corporate governance and oversight, prior-year lithium-related expenses, as well as costs for the human resources, information technology, legal and finance functions. (2) Sales to external customers are net of intersegment sales. (3) For the three and six months ended March 31, 2026, the Company recorded loss on sale of the Wynyard business of $14.6 million, which included a $13.1 million recognition of cumulative foreign currency translation adjustments reclassified from Accumulated other comprehensive loss. (4) For the three and six months ended March 31, 2025, the Company recorded a loss on impairments of $53.0 million, related to intangible assets due to the exit of the Fortress fire retardant business. (5) The Company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three and six months ended March 31, 2025, were $0.9 million and $1.8 million, respectively. (6) The Company incurred severance and related charges of $4.0 million, due to a reduction in workforce, changes to executive leadership and additional restructuring costs related to the exit of the Fortress fire retardant business, during the three and six months ended March 31, 2025.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260506851604/en/ Investor Contact
Brent Collins
Vice President, Treasurer & Investor Relations
+1.913.344.9111
InvestorRelations@compassminerals.com Original: Compass Minerals Reports Fiscal 2026 Second-Quarter Results

Compass Minerals Sets Date for Conference Call to Discuss Second-Quarter Fiscal 2026 ResultsApril 15, 2026 4:35 PM
Business Wire
Company Announces Participation in BMO Chemicals Conference in May 2026


Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its second-quarter fiscal 2026 results on Wednesday, May 6, 2026, after the markets close. The company’s president and CEO, Edward C. Dowling Jr., and CFO, Peter Fjellman, will discuss these results on a conference call on Thursday, May 7, 2026, at 9:30 a.m. ET.


Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 1-646-307-1963. An audio replay of the conference call will be available on the company’s website.


The company also announced that Edward C. Dowling Jr., president and CEO, and other leadership team members will participate in one-on-one meetings at the BMO Chemicals Conference on May 13, 2026, in New York City.


Updated presentation materials will be available at the time of the event through the investor relations section of the Compass Minerals website at compassminerals.com


About Compass Minerals


Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415683177/en/
Investor Contact

Brent Collins

Vice President, Treasurer & Investor Relations

+1.913.344.9111

InvestorRelations@compassminerals.com


Media Contact

Kevin Gabriel

Senior Director, Corporate Affairs

+1.913.344.9265

MediaRelations@compassminerals.com


Original: Compass Minerals Sets Date for Conference Call to Discuss Second-Quarter Fiscal 2026 Results

Compass Minerals Continues Balance Sheet Transformation and DeleveragingMarch 24, 2026 4:15 PM
Business Wire
Company Announces Full Redemption of 6.750% Senior Notes due 2027


Compass Minerals International, Inc. (NYSE: CMP) (“Compass Minerals” or the “Company”) has accelerated its ongoing balance sheet transformation and deleveraging plan with today’s announcement that the Company has issued a notice of full redemption for the $150 million aggregate principal amount outstanding of its 6.750% Senior Notes due 2027 (the “2027 Notes”).


Peter Fjellman, chief financial officer, commented, “One of our top priorities for fiscal 2026 is to execute on a decisive deleveraging plan. We are pleased to use our strong liquidity to pay down this debt ahead of schedule. This redemption and the resulting improved maturity profile demonstrate our commitment to improving the company’s financial position.”


The 2027 Notes will be redeemed on March 30, 2026 (the “Redemption Date”) with cash on hand at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date.


A notice of redemption was sent by the trustee for the 2027 Notes to all currently registered holders of such 2027 Notes. This press release does not constitute a notice of redemption under the indenture governing the 2027 Notes.


About Compass Minerals


Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 11 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.


Forward-Looking Statements and Other Disclaimers


This press release may contain forward-looking statements. These statements are based on the Company’s current expectations, estimates and projections and involve risks and uncertainties that could cause the Company’s actual results to differ materially. The differences could be caused by several factors including those factors identified in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual and Quarterly Reports on Forms 10-K and 10-Q, including any amendments, as well as the Company’s other SEC filings. Opinions expressed are current opinions as of the date hereof. Investors are cautioned not to place undue reliance on such forward-looking statements and should rely on their own assessment of an investment. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260324064880/en/
Investor Contact

Brent Collins

Vice President, Treasurer & Investor Relations

+1.913.344.9111

InvestorRelations@compassminerals.com


Media Contact

Kevin Gabriel

Senior Director, Corporate Affairs

+1.913.344.9265

MediaRelations@compassminerals.com


Original: Compass Minerals Continues Balance Sheet Transformation and Deleveraging

Compass Minerals Reports Fiscal 2026 First-Quarter ResultsFebruary 4, 2026 4:42 PM
Business Wire
Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal 2026 first-quarter results.


Unless otherwise noted, it should be assumed that time periods referenced below are on a fiscal-year basis and financial amounts are in U.S. dollars.


MANAGEMENT COMMENTARY


"Compass Minerals delivered a strong opening quarter to fiscal 2026. Robust winter weather supported performance in our Salt segment, while higher pricing and cost-structure improvements drove meaningful margin expansion in our Plant Nutrition segment,” said Edward C. Dowling Jr., president and CEO. “Based on solid performance in Salt and positive momentum in Plant Nutrition, partially offset by the strategic decision to sell our Wynyard sulfate of potash facility, we are increasing our full-year total company adjusted EBITDA guidance by 2% at the midpoint of the range. We reduced total net debt by 10% year over year — more than $90 million. We remain focused on strengthening operational, commercial, and financial execution to enhance cash-flow generation and further reduce net debt. Looking ahead, we see meaningful opportunities to build on this momentum and enhance long-term value for our shareholders."


QUARTERLY HIGHLIGHTS



Net income of $18.6 million for the first quarter of 2026, compared to a net loss of $23.6 million in the prior year;



Total company adjusted EBITDA for the first quarter of 2026 of $65.3 million, up 103% year over year;



Strong sales volume growth year over year of 37% led to increases in Salt business operating earnings and adjusted EBITDA of 67% and 41%, respectively, from the prior-year period;



Improvements in pricing and cost structure increased Plant Nutrition segment operating earnings and adjusted EBITDA on both absolute and per-ton bases;



Net debt decreased to $836.9 million as of Dec. 31, 2025, a $92 million, or 10%, decrease from Dec. 31, 2024; and



Full-year guidance for total company adjusted EBITDA increased 2% at the mid-point of guidance range to $208 million to $240 million, inclusive of the impact of the Wynyard sulfate of potash (SOP) operation sale.



QUARTERLY FINANCIAL RESULTS




(in millions, except per share data)






 






Three Months Ended

Dec. 31,








 






2025






 






2024








GAAP Results:






 






 






 






 








Revenue






 






$






396.1






 






$






307.2






 








Operating income






 






 






36.6






 






 






0.5






 








Net income (loss)






 






 






18.6






 






 






(23.6






)








Net income (loss) per diluted share






 






 






0.43






 






 






(0.57






)








Non-GAAP Results*:






 






 






 






 








Adjusted operating income*






 






 






36.6






 






 






1.4






 








Adjusted EBITDA*






 






 






65.3






 






 






32.1






 








Adjusted net income (loss)*






 






 






18.6






 






 






(22.9






)








Adjusted net income (loss)* per diluted share






 






 






0.43






 






 






(0.55






)









*Non-GAAP financial measure. Reconciliations to the most directly comparable GAAP financial measure are provided in tables at the end of this press release.







SALT BUSINESS RECAP


Salt revenue increased 37% year over year to $331.5 million, as a result of increased sales volumes in highway deicing and consumer and industrial (C&I) businesses of 43% and 14%, respectively. The higher proportion of highway deicing sales volume in the current period resulted in overall Salt segment pricing being relatively flat year over year, despite realizing higher highway deicing and C&I sales prices of 6% and 2%, respectively, year over year.


Segment-level operating earnings for the quarter increased by 67% to $49.1 million from the prior-year period. Adjusted EBITDA increased to $67.2 million, up 41% from the prior-year period. These financial results reflect the sales volume growth and flat pricing results described above, as well as lower per-unit production costs offset by higher-per unit distribution costs year over year.


PLANT NUTRITION BUSINESS RECAP


Plant Nutrition revenue for the quarter totaled $60.8 million, down 1% year over year on 13% weaker sales volume over the same period. The average segment sales price for the quarter was up 14% year over year to approximately $687 per ton.


Operating earnings in the Plant Nutrition business were $5.4 million for the quarter, compared to an operating loss of $3.1 million in the prior-year quarter. Adjusted EBITDA improved to $12.8 million versus $4.4 million last year. These financial results reflect higher average sales prices and lower per-unit product costs, offset by lower sales volumes attributable to the company not pursuing lower margin export opportunities and higher per-unit distribution costs year over year.


CASH FLOW AND FINANCIAL POSITION


Net cash used in operating activities amounted to $37.0 million for the three months ended Dec. 31, 2025, compared to $4.1 million in the prior year. Changes in working capital reflect the settlement of the previously disclosed tax dispute in Ontario during the current quarter.


Net cash used in investing activities was $23.3 million for the three months ended Dec. 31, 2025, an increase from $22.2 million in the prior year. Total capital spending for the three months ended Dec. 31, 2025 was $22.8 million.


Net cash provided by financing activities was $47.1 million for the three months ended Dec. 31, 2025, which included net borrowings of $50.7 million. In the prior year, net cash provided by financing activities was $53.1 million and reflected net borrowings of $57.5 million in the period.


The company ended the quarter with $341.7 million of liquidity, comprised of $46.7 million in cash and cash equivalents and $295.0 million of availability under its $325 million revolving credit facility.


The ratio of total net debt to trailing 12-month adjusted EBITDA at the end of the quarter ended Dec. 31, 2025 was 3.6 times, down from 5.3 times for the comparable prior year period.


DIVESTITURE OF WYNYARD SOP OPERATIONS


Subsequent to quarter-end, the company entered into a share purchase agreement to sell its SOP operation in Wynyard, Saskatchewan, Canada for total cash consideration of $30.8 million, subject to customary closing conditions and prior to any transaction costs. The cash proceeds at closing will be adjusted pursuant to the terms of the agreement, including working capital and other specified adjustments. This asset was considered surplus to Compass Minerals' needs given the ability to service its leading North American SOP business from its core Ogden, Utah SOP operation and the continued improvement at that site. The sale aligns with the company's debt reduction goals and proceeds will further reduce net debt.


UPDATED FISCAL 2026 OUTLOOK




Salt Segment








 






2026 Range








Highway deicing sales volumes (thousands of tons)






8,200 - 8,500








Consumer and Industrial sales volumes (thousands of tons)






1,700 - 1,950








Total salt sales volumes (thousands of tons)






9,900 - 10,450








 






 








Revenue (in millions)






$980 - $1,050








Adj. EBITDA (in millions)






$230 - $252









Plant Nutrition Segment








 






2026 Range1








Sales volumes (thousands of tons)






255 - 275








Revenue (in millions)






$170 - $185








Adj. EBITDA (in millions)






$34 - $ 39








1)
 

Reflects the impact of the sale of the Wynyard SOP operation.









Corporate








 






2026 Range1








Adj. EBITDA (in millions)






($56) - ($51)









1)





 

Includes financial contribution from DeepStore.







Projected Corporate results shown in the table above include corporate expenses in support of our core businesses and the results of DeepStore, the company's records management business in the U.K.




Total Compass Minerals








 






2026 Adjusted EBITDA








 






Salt






Plant Nutrition






Corporate1






Total








Adj. EBITDA (in millions)






$230 - $252






$34 - $39






($56) - ($51)






$208 - $240








 






 






 






 






 








 






2026 Capital Expenditures








 






 






 






 






Total








Capital expenditures (in millions)






 






 






 






$90 - $110









(1)





 

Includes financial contribution from DeepStore.







Total planned capital expenditures are unchanged from the company's previously provided guidance.




Other Assumptions








($ in millions)






2026 Range








Depreciation, depletion and amortization






$105 - $115








Interest expense, net






$65 - $70








Effective income tax rate (excl. valuation allowance)






30% - 34%







Guidance for the 2026 effective income tax rate reflects the income mix by country with income recognized in foreign jurisdictions offset by losses recognized in the U.S.


CONFERENCE CALL


Compass Minerals will discuss its results on a conference call tomorrow morning, Thursday, Feb. 5, at 9:30 a.m. ET (8:30 a.m. CT). To access the conference call, please visit the company’s website at investors.compassminerals.com or dial 800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 646-307-1963. Replays of the call will be available on the company’s website.


A supporting company presentation with 2026 first-quarter results is available at investors.compassminerals.com.


About Compass Minerals


Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.


Forward-Looking Statements and Other Disclaimers


This press release may contain forward-looking statements, including, without limitation, statements about the outcome of the North American bid season, including pricing and commitment sizes, the execution of back-to-basics strategy, competitive advantages, tariffs, tax rates, and the company's outlook for 2026, including its expectations regarding sales volumes, revenue, Adjusted EBITDA, depreciation, depletion, and amortization, interest expense, tax rates, and capital expenditures. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. The company uses words such as “may,” “would,” “could,” “should,” “will,” “likely,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “forecast,” “outlook,” “project,” “estimate” and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors, including without limitation (i) weather conditions, (ii) inflation, the cost and availability of transportation for the distribution of the company’s products and foreign exchange rates, (iii) pressure on prices and impact from competitive products, and (iv) any inability by the company to successfully implement its strategic priorities or its cost-saving or enterprise optimization initiatives. For further information on these and other risks and uncertainties that may affect the company’s business, see the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s Annual Report on Form 10-K for the period ended Sept. 30, 2025, and its Quarterly Reports on Form 10-Q for the quarter ended Dec. 31, 2025, filed or to be filed with the SEC, as well as the company's other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties.


Non-GAAP Measures


In addition to using U.S. generally accepted accounting principles (“GAAP”) financial measures, management uses a variety of non-GAAP financial measures described below to evaluate the company’s and its operating segments’ performance. While the consolidated financial statements provide an understanding of the company’s overall results of operations, financial condition and cash flows, management analyzes components of the consolidated financial statements to identify certain trends and evaluate specific performance areas.


Management uses EBITDA, EBITDA adjusted for items which management believes are not indicative of the company’s ongoing operating performance (“Adjusted EBITDA”) and EBITDA margin to evaluate the operating performance of the company’s core business operations because its resource allocation, financing methods and cost of capital, and income tax positions are managed at a corporate level, apart from the activities of the operating segments, and the operating facilities are located in different taxing jurisdictions, which can cause considerable variation in net earnings. Management also uses adjusted operating earnings, adjusted operating margin, adjusted net earnings, and adjusted net earnings per diluted share, which eliminate the impact of certain items that management does not consider indicative of underlying operating performance. The presentation of these measures should not be construed as an inference that future results will be unaffected by unusual or non-recurring items. Management believes these non-GAAP financial measures provide management and investors with additional information that is helpful when evaluating underlying performance. EBITDA and Adjusted EBITDA exclude interest expense, income taxes and depreciation, depletion and amortization, each of which are an essential element of the company’s cost structure and cannot be eliminated. In addition, Adjusted EBITDA and Adjusted EBITDA margin exclude certain cash and non-cash items, including stock-based compensation, impairment charges and certain restructuring charges. Consequently, any measure that excludes these elements has material limitations. The non-GAAP financial measures used by management should not be considered in isolation or as a substitute for net earnings, operating earnings, cash flows or other financial data prepared in accordance with GAAP or as a measure of overall profitability or liquidity. These measures are not necessarily comparable to similarly titled measures of other companies due to potential inconsistencies in the method of calculation. The calculation of non-GAAP financial measures as used by management is set forth in the following tables. All margin numbers are defined as the relevant measure divided by sales. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring, unusual items and/or distinct non-core initiatives without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company’s results.


Adjusted operating earnings, adjusted operating margin, adjusted net earnings (loss), and adjusted net earnings (loss) per diluted share are presented as supplemental measures of the company’s performance. Management believes these measures provide management and investors with additional information that is helpful when evaluating underlying performance and comparing results on a year-over-year normalized basis. These measures eliminate the impact of certain items that management does not consider indicative of underlying operating performance. These adjustments are itemized below. Adjusted net earnings (loss) per diluted share is adjusted net earnings (loss) divided by weighted average diluted shares outstanding. You are encouraged to evaluate the adjustments itemized above and the reasons management considers them appropriate for supplemental analysis. In evaluating these measures you should be aware that in the future the company may incur expenses that are the same as or similar to some of the adjustments presented below.




Special Items Impacting the Three Months Ended Dec. 31, 2024

(unaudited, in millions, except per share data)








Item Description






 






Segment






 






Line Item






 






Amount






 






Tax Effect(1)






 






After Tax






 






EPS Impact








Product recall costs






 






Salt






 






Product cost and Other operating expense






 






$






0.9






 






$






(0.2






)






 






$






0.7






 






$






0.02








Total






 






 






 






 






 






$






0.9






 






$






(0.2






)






 






$






0.7






 






$






0.02









(1)





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Reconciliation for Adjusted Operating Income

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Operating income






 






$






36.6






 






 






$






0.5






 








Product recall costs(1)






 






 






—






 






 






 






0.9






 








Adjusted operating income






 






$






36.6






 






 






$






1.4






 








Sales






 






 






396.1






 






 






 






307.2






 








Operating margin






 






 






9.2






%






 






 






0.2






%








Adjusted operating margin






 






 






9.2






%






 






 






0.5






%









(1) 





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Reconciliation for Adjusted Net Income

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Net income (loss)






 






$






18.6






 






$






(23.6






)








Product recall costs(1)






 






 






—






 






 






0.9






 








Income tax effect






 






 






—






 






 






(0.2






)








Adjusted net income






 






$






18.6






 






$






(22.9






)








 






 






 






 






 








Net loss per diluted share






 






$






0.43






 






$






(0.57






)








Adjusted net income (loss) per diluted share






 






$






0.43






 






$






(0.55






)








Weighted-average common shares outstanding (in thousands):






 






 






 






 








Diluted






 






 






42,267






 






 






41,441






 









(1)





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Reconciliation for EBITDA and Adjusted EBITDA

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Net income (loss)






 






$






18.6






 






 






$






(23.6






)








Interest expense






 






 






18.1






 






 






 






16.9






 








Income tax (benefit) expense






 






 






(2.2






)






 






 






9.7






 








Depreciation, depletion and amortization






 






 






26.4






 






 






 






26.8






 








EBITDA






 






 






60.9






 






 






 






29.8






 








Adjustments to EBITDA:






 






 






 






 








Stock-based compensation - non-cash






 






 






2.3






 






 






 






3.9






 








Interest income






 






 






(0.3






)






 






 






(0.4






)








Loss (gain) on foreign exchange






 






 






2.1






 






 






 






(5.2






)








Product recall costs(1)






 






 






—






 






 






 






0.9






 








Other expense, net






 






 






0.3






 






 






 






3.1






 








Adjusted EBITDA






 






$






65.3






 






 






$






32.1






 









(1)





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Salt Segment Performance

(unaudited, in millions, except for sales volumes and prices per short ton)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Sales






 






$






331.5






 






 






$






242.2






 








Operating income






 






$






49.1






 






 






$






29.4






 








Operating margin






 






 






14.8






%






 






 






12.1






%








Adjusted operating income(1)






 






$






49.1






 






 






$






30.3






 








Adjusted operating margin(1)






 






 






14.8






%






 






 






12.5






%








EBITDA(1)






 






$






67.2






 






 






$






46.9






 








EBITDA(1) margin






 






 






20.3






%






 






 






19.4






%








Adjusted EBITDA(1)






 






$






67.2






 






 






$






47.8






 








Adjusted EBITDA(1) margin






 






 






20.3






%






 






 






19.7






%








Sales volumes (in thousands of tons):






 






 






 






 








Highway deicing






 






 






2,851






 






 






 






1,987






 








Consumer and industrial






 






 






575






 






 






 






506






 








Total Salt






 






 






3,426






 






 






 






2,493






 








Average prices (per ton):






 






 






 






 








Highway deicing






 






$






73.96






 






 






$






69.50






 








Consumer and industrial






 






$






209.83






 






 






$






205.74






 








Total Salt






 






$






96.77






 






 






$






97.16






 









(1)





 

Non-GAAP financial measure. Reconciliations follow in these tables.









Reconciliation for Salt Segment Adjusted Operating Income

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Reported GAAP segment operating income






 






$






49.1






 






 






$






29.4






 








Product recall costs(1)






 






 






—






 






 






 






0.9






 








Segment adjusted operating income






 






$






49.1






 






 






$






30.3






 








Segment sales






 






 






331.5






 






 






 






242.2






 








Segment operating margin






 






 






14.8






%






 






 






12.1






%








Segment adjusted operating margin






 






 






14.8






%






 






 






12.5






%









(1)





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Reconciliation for Salt Segment EBITDA and Adjusted EBITDA

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Reported GAAP segment operating income






 






$






49.1






 






 






$






29.4






 








Depreciation, depletion and amortization






 






 






18.1






 






 






 






17.5






 








Segment EBITDA






 






$






67.2






 






 






$






46.9






 








Product recall costs(1)






 






 






—






 






 






 






0.9






 








Segment adjusted EBITDA






 






$






67.2






 






 






$






47.8






 








Segment sales






 






 






331.5






 






 






 






242.2






 








Segment EBITDA margin






 






 






20.3






%






 






 






19.4






%








Segment adjusted EBITDA margin






 






 






20.3






%






 






 






19.7






%









(1)





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.









Plant Nutrition Segment Performance

(unaudited, dollars in millions, except for sales volumes and prices per short ton)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Sales






 






$






60.8






 






 






$






61.4






 








Operating income (loss)






 






$






5.4






 






 






$






(3.1






)








Operating margin






 






 






8.9






%






 






 






(5.0






)%








Adjusted operating income (loss)(1)






 






$






5.4






 






 






$






(3.1






)








Adjusted operating margin(1)






 






 






8.9






%






 






 






(5.0






)%








EBITDA(1)






 






$






12.8






 






 






$






4.4






 








EBITDA(1) margin






 






 






21.1






%






 






 






7.2






%








Adjusted EBITDA(1)






 






$






12.8






 






 






$






4.4






 








Adjusted EBITDA(1) margin






 






 






21.1






%






 






 






7.2






%








Sales volumes (in thousands of tons)






 






 






89






 






 






 






102






 








Average price (per ton)






 






$






687.26






 






 






$






602.86






 









(1)





 

Non-GAAP financial measure. Reconciliations follow in these tables.









Reconciliation for Plant Nutrition Segment Adjusted Operating Income (Loss)

(unaudited, in millions)








 






Three Months Ended

Dec. 31,








 






2025






 






2024








Reported GAAP segment operating income (loss)






$






5.4






 






 






$






(3.1






)








Segment adjusted operating income (loss)






 






5.4






 






 






 






(3.1






)








Segment sales






 






60.8






 






 






 






61.4






 








Segment operating margin






 






8.9






%






 






 






(5.0






)%








Segment adjusted operating margin






 






8.9






%






 






 






(5.0






)%









Reconciliation for Plant Nutrition Segment EBITDA and Adjusted EBITDA

(unaudited, in millions)








 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Reported GAAP segment operating income (loss)






 






$






5.4






 






 






$






(3.1






)








Depreciation, depletion and amortization






 






 






7.4






 






 






 






7.5






 








Segment EBITDA






 






 






12.8






 






 






 






4.4






 








Segment adjusted EBITDA






 






 






12.8






 






 






 






4.4






 








Segment sales






 






 






60.8






 






 






 






61.4






 








Segment EBITDA margin






 






 






21.1






%






 






 






7.2






%








Segment adjusted EBITDA margin






 






 






21.1






%






 






 






7.2






%







GAAP




COMPASS MINERALS INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in millions, except share and per-share data)









 



 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Sales






 






$






396.1






 






 






$






307.2






 








Shipping and handling cost






 






 






112.1






 






 






 






80.6






 








Product cost






 






 






220.8






 






 






 






192.3






 








Gross profit






 






 






63.2






 






 






 






34.3






 








Selling, general and administrative expenses






 






 






26.6






 






 






 






33.3






 








Other operating expense






 






 






—






 






 






 






0.5






 








Operating income






 






 






36.6






 






 






 






0.5






 








Other expense (income):






 






 






 






 








Interest income






 






 






(0.3






)






 






 






(0.4






)








Interest expense






 






 






18.1






 






 






 






16.9






 








Loss (gain) on foreign exchange






 






 






2.1






 






 






 






(5.2






)








Other expense, net






 






 






0.3






 






 






 






3.1






 








Net income (loss) before income taxes






 






 






16.4






 






 






 






(13.9






)








Income tax (benefit) expense






 






 






(2.2






)






 






 






9.7






 








Net income (loss)






 






$






18.6






 






 






$






(23.6






)








 






 






 






 






 








Basic net income (loss) per common share






 






$






0.43






 






 






$






(0.57






)








Diluted net income (loss) per common share






 






$






0.43






 






 






$






(0.57






)








Weighted-average common shares outstanding (in thousands):






 






 






 






 








Basic






 






 






42,083






 






 






 






41,441






 








Diluted






 






 






42,267






 






 






 






41,441






 









COMPASS MINERALS INTERNATIONAL, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited, in millions)











 



 






 






Dec. 31,






 






Sept. 30,








 






 






2025






 






2025








ASSETS








Current assets:






 






 






 






 








Cash and cash equivalents






 






$






46.7






 






 






$






59.7






 








Receivables, net






 






 






278.6






 






 






 






179.6






 








Inventories, net






 






 






258.4






 






 






 






312.0






 








Other current assets






 






 






48.5






 






 






 






20.9






 








Total current assets






 






 






632.2






 






 






 






572.2






 








Property, plant and equipment, net






 






 






766.2






 






 






 






770.1






 








Intangible assets, net






 






 






23.7






 






 






 






23.8






 








Goodwill






 






 






6.0






 






 






 






6.0






 








Other noncurrent assets






 






 






98.6






 






 






 






147.3






 








Total assets






 






$






1,526.7






 






 






$






1,519.4






 








 






 






 






 






 








LIABILITIES AND STOCKHOLDERS' EQUITY








Current liabilities:






 






 






 






 








Accounts payable






 






$






100.6






 






 






$






96.0






 








Accrued salaries and wages






 






 






16.6






 






 






 






26.4






 








Current portion of finance lease liabilities






 






 






6.9






 






 






 






7.9






 








Income taxes payable






 






 






—






 






 






 






5.6






 








Accrued interest






 






 






1.6






 






 






 






19.0






 








Accrued expenses and other current liabilities






 






 






118.0






 






 






 






110.7






 








Total current liabilities






 






 






243.7






 






 






 






265.6






 








Long-term debt, net of current portion






 






 






883.6






 






 






 






832.2






 








Finance lease liabilities, net of current portion






 






 






6.4






 






 






 






7.6






 








Deferred income taxes, net






 






 






59.1






 






 






 






53.9






 








Other noncurrent liabilities






 






 






73.4






 






 






 






126.0






 








Commitments and contingencies






 






 






 






 








Stockholders' equity:






 






 






 






 








Common stock






 






 






0.4






 






 






 






0.4






 








Additional paid-in capital






 






 






431.9






 






 






 






430.0






 








Treasury stock, at cost






 






 






(11.6






)






 






 






(10.8






)








Accumulated deficit






 






 






(59.0






)






 






 






(77.6






)








Accumulated other comprehensive loss






 






 






(101.2






)






 






 






(107.9






)








Total stockholders' equity






 






 






260.5






 






 






 






234.1









Total liabilities and stockholders' equity







$






1,526.7








$






1,519.4










COMPASS MINERALS INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in millions)







 



 






 






Three Months Ended

Dec. 31,








 






 






2025






 






2024








Cash flows from operating activities:






 






 






 






 








Net income (loss)






 






$






18.6






 






 






$






(23.6






)








Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:






 






 






 






 








Depreciation, depletion and amortization






 






 






26.4






 






 






 






26.8






 








Amortization of deferred financing costs






 






 






1.0






 






 






 






0.8






 








Non-cash portion of stock-based compensation






 






 






2.3






 






 






 






3.9






 








Deferred income taxes






 






 






4.5






 






 






 






2.7






 








Unrealized foreign exchange loss (gain)






 






 






2.1






 






 






 






(5.7






)








Other, net






 






 






1.7






 






 






 






(0.9






)








Changes in operating assets and liabilities:






 






 






 






 








Receivables






 






 






(98.8






)






 






 






(61.3






)








Inventories






 






 






51.7






 






 






 






39.1






 








Other assets






 






 






21.6






 






 






 






(2.0






)








Accounts payable and accrued expenses and other current liabilities






 






 






(13.6






)






 






 






9.1






 








Other liabilities






 






 






(54.5






)






 






 






7.0






 








Net cash used in operating activities






 






 






(37.0






)






 






 






(4.1






)








Cash flows from investing activities:






 






 






 






 








Capital expenditures






 






 






(22.8






)






 






 






(21.8






)








Other, net






 






 






(0.5






)






 






 






(0.4






)








Net cash used in investing activities






 






 






(23.3






)






 






 






(22.2






)








Cash flows from financing activities:






 






 






 






 








Borrowings under revolving credit facility






 






 






47.0






 






 






 






140.3






 








Repayments under revolving credit facility






 






 






(37.0






)






 






 






(100.8






)








Proceeds from issuance of long-term debt






 






 






42.8






 






 






 






19.6






 








Principal payments on long-term debt






 






 






(2.1






)






 






 






(1.6






)








Payment of deferred financing costs






 






 






—






 






 






 






(2.4






)








Shares withheld to satisfy employee tax obligations






 






 






(1.2






)






 






 






(0.4






)








Other, net






 






 






(2.4






)






 






 






(1.6






)








Net cash provided by financing activities






 






 






47.1






 






 






 






53.1






 








Effect of exchange rate changes on cash and cash equivalents






 






 






0.2






 






 






 






(1.2






)








Net change in cash and cash equivalents






 






 






(13.0






)






 






 






25.6






 








Cash and cash equivalents, beginning of the year






 






 






59.7






 






 






 






20.2






 








Cash and cash equivalents, end of period






 






$






46.7






 






 






$






45.8






 









COMPASS MINERALS INTERNATIONAL, INC.

SEGMENT INFORMATION

(unaudited, in millions)















 



Three Months Ended Dec. 31, 2025






 






Salt






 






Plant




Nutrition






 






Corporate

& Other(1)






 






Total








Sales to external customers(2)






 






$






331.5






 






$






60.8






 






$






3.8






 






 






$






396.1








Intersegment sales






 






 






—






 






 






1.0






 






 






(1.0






)






 






 






—








Shipping and handling cost






 






 






103.8






 






 






8.3






 






 






—






 






 






 






112.1








Product cost






 






 






172.0






 






 






46.3






 






 






2.5






 






 






 






220.8








Gross profit






 






 






55.7






 






 






6.2






 






 






1.3






 






 






 






63.2








Selling, general and administrative expenses






 






 






6.6






 






 






0.8






 






 






19.2






 






 






 






26.6








Operating income (loss)(3)






 






 






49.1






 






 






5.4






 






 






(17.9






)






 






 






36.6








 






 






 






 






 






 






 






 






 








Depreciation, depletion and amortization






 






 






18.1






 






 






7.4






 






 






0.9






 






 






 






26.4








Total assets (as of end of period)






 






 






1,020.1






 






 






360.1






 






 






146.5






 






 






 






1,526.7








Capital expenditures






 






 






17.0






 






 






5.2






 






 






0.6






 






 






 






22.8









Three Months Ended Dec. 31, 2024






 






Salt






 






Plant




Nutrition






 






Corporate

& Other(1)






 






Total








Sales to external customers(2)






 






$






242.2






 






$






61.4






 






 






$






3.6






 






 






$






307.2








Intersegment sales






 






 






—






 






 






3.2






 






 






 






(3.2






)






 






 






—








Shipping and handling cost






 






 






71.3






 






 






9.3






 






 






 






—






 






 






 






80.6








Product cost






 






 






134.1






 






 






54.4






 






 






 






3.8






 






 






 






192.3








Gross profit (loss)






 






 






36.8






 






 






(2.3






)






 






 






(0.2






)






 






 






34.3








Selling, general and administrative expenses






 






 






7.4






 






 






0.8






 






 






 






25.1






 






 






 






33.3








Other operating expense






 






 






—






 






 






—






 






 






 






0.5






 






 






 






0.5








Operating income (loss)(3)






 






 






29.4






 






 






(3.1






)






 






 






(25.8






)






 






 






0.5








 






 






 






 






 






 






 






 






 








Depreciation, depletion and amortization






 






 






17.5






 






 






7.5






 






 






 






1.8






 






 






 






26.8








Total assets (as of end of period)






 






 






1,092.4






 






 






388.1






 






 






 






240.4






 






 






 






1,720.9








Capital expenditures






 






 






16.2






 






 






4.6






 






 






 






1.0






 






 






 






21.8









(1) 





 

Corporate and other includes corporate entities, records management operations, the Fortress fire retardant costs, prior-year lithium costs and other incidental operations and eliminations. Operating income (loss) for corporate and other includes indirect corporate overhead, including costs for general corporate governance and oversight, prior-year lithium-related expenses, as well as costs for the human resources, information technology, legal and finance functions.








(2)





 

Sales to external customers are net of intersegment sales.








(3) 





 

The company recorded costs related to a recall of food-grade salt produced at its Goderich plant. Charges for the three months ended Dec. 31, 2024 were $0.9 million.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260204455686/en/
Investor Contact

Brent Collins

Vice President, Treasurer & Investor Relations

+1.913.344.9111

InvestorRelations@compassminerals.com


Original: Compass Minerals Reports Fiscal 2026 First-Quarter Results