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Compass Minerals International Inc   (CMP)
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Price: $17.9800 $-0.82 -4.362%
Day's High: $19.02 Week Perf: -13.89 %
Day's Low: $ 18.69 30 Day Perf: -20.97 %
Volume (M): 23 52 Wk High: $ 39.78
Volume (M$): $ 440 52 Wk Avg: $28.53
Open: $19.09 52 Wk Low: $18.69



 Market Capitalization (Millions $) 741
 Shares Outstanding (Millions) 41
 Employees 3,103
 Revenues (TTM) (Millions $) 564
 Net Income (TTM) (Millions $) -59
 Cash Flow (TTM) (Millions $) -100
 Capital Exp. (TTM) (Millions $) 94

Compass Minerals International Inc

Compass Minerals is a leading provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals that improve the quality and yield of crops; and specialty chemicals for water treatment and other industrial processes.

The largest rock salt mine in the world in Goderich, Ontario, Canada;

The largest dedicated rock salt mine in the U.K. in Winsford, Cheshire;

A solar evaporation facility located in Ogden, Utah, which is both the largest sulfate of potash specialty fertilizer (“SOP”) production site and the largest solar salt production site in the Western Hemisphere; and

Several facilities producing essential agricultural nutrients and specialty chemicals in Brazil.
Our salt business provides highway deicing salt to customers in North America and the U.K. as well as consumer deicing and water conditioning products, ingredients used in consumer and commercial food preparation and other salt-based products for consumer, agricultural and industrial applications in North America. In the U.K., we operate a records management business utilizing excavated areas of our Winsford salt mine with one other location in London, England.
Our plant nutrition business produces and markets specialty plant nutrition products to distributors and retailers of crop inputs, as well as growers worldwide. Our principal plant nutrition product in North America is SOP which we market under the trade name Protassium+. We also sell various premium micronutrient products under our Wolf Trax brand.


We sell our salt and plant nutrition products primarily in the United States, Canada, Brazil and the United Kingdom. See Note 15 to our Consolidated Financial Statements for financial information relating to our operations by geographic areas.
We significantly expanded our plant nutrition business with the acquisition of Produquímica Indústria e Comércio S.A. (“Produquímica”), which now constitutes our Plant Nutrition South America segment. This segment operates two primary businesses in Brazil - agricultural productivity, which manufactures and distributes a broad offering of specialty plant nutrition solution-based products, and chemical solutions, which manufactures and markets specialty chemicals, primarily for the water treatment industry and for use in other industrial processes. See Note 3 to our Consolidated Financial Statements for further discussion of this acquisition.

Plant Nutrition South America manufactures, distributes and markets a wide array of specialty plant nutrients and supplements developed and formulated from essential primary and secondary nutrients, micronutrients and biostimulants. These products consist of different chemical molecules, chemical compositions and production processes from conventional NPK fertilizers, and this specific category of plant nutrients offers a diversity of delivery mechanisms, low environmental impact, low dosages per acre, a high degree of innovation and product development and also requires more product marketing than conventional NPK fertilizers, among other differences. Brazilian soils are naturally deficient in nutrients such as zinc, manganese and boron, among others. In parallel, the increased adoption of technologically advanced seeds (both conventional and genetically modified) has driven farmers around the globe to address the higher nutritional demands of such crops and to apply essential nutritional supplements to unlock the yield potential embedded in these seeds. We estimate that Brazilian farmers, on average, only use approximately 25% of the optimal prescription of essential nutritional supplements.


In addition to agriculture products, this segment produces water and wastewater treatment chemicals in Brazil for cleaning, decontaminating and purifying water as well as process chemicals for industrial use. This business benefits from the rapidly expanding focus on, and increased investment in, improving standards for drinking water purification and wastewater treatment. Our water treatment customers include state and municipal entities, wastewater treatment companies and manufacturing companies that treat their own wastewater. Our chemical solutions business also benefits from growth in Brazilian industrial sectors that use our products, including the oil and gas exploration, mining, pulp and paper production and ethanol production industries. Our involvement in both businesses allows us to benefit from greater purchasing power with suppliers, given that approximately 75% of the mineral inputs for both businesses are identical.


Our strategy for Plant Nutrition South America is to leverage the product portfolio and expand sales opportunities in North America where possible. We expect to continue to drive market growth by increasing the adoption rate and acre penetration of nutritional supplements. Our plan is to reinforce the use of these supplements as a profitable tool to enhance crop productivity. We use a three-pronged approach to deliver under our strategy, consisting of (1) our specialized agronomic research teams, (2) our technical in-the-field agronomic sales force, and (3) continuous innovation.


We expect to increase sales through new product introductions and growth in direct distribution channels. We continually invest in the development of new products and new generations of existing products that meet the specific needs of our customers. As a result of these efforts, our direct-to-end-customer sales to large farmers have increased as a proportion of total agriculture productivity revenues. Additionally, our Plant Nutrition South America segment provides geographic diversification for our combined plant nutrition business.

Our Plant Nutrition North America segment includes sales of SOP and micronutrients. The average annual worldwide consumption of all potash fertilizers is approximately 77 million tons, with MOP accounting for approximately 85% of all potash consumed in fertilizer production, based upon industry data. SOP represents approximately 10% of all potash consumption. The remainder is supplied in forms containing varying concentrations of potassium (expressed as potassium oxide) along with different combinations of co-nutrients. SOP (which contains the equivalent of approximately 50% potassium oxide) maintains a price premium over MOP.
Historically, our domestic sales of Protassium+ have been concentrated in the Western and Southeastern U.S. where the crops and soil conditions favor the use of low-chloride potassium nutrients, such as SOP. Consequently, weather patterns and field conditions in these locations can impact Plant Nutrition North America sales volumes.


While long-term global consumption of potash has increased in response to growing populations and the need for additional food supplies, the market has faced challenges over the last three years due to a downturn in the broader commodities market which has pressured grower incomes. We expect the long-term demand for potassium nutrients to continue to grow as arable land per capita decreases, thereby encouraging improved crop yields. Additionally, as the broader agricultural market rebounds, increases in grower incomes are expected to also improve the near-term demand for our products.


While used in small amounts, micronutrients play important roles in plant development, and nutrient deficient soils must be replenished to obtain higher crop yields. Growth rates in North America for this specialty plant nutrient market have slowed recently in response to the drop in commodity prices. We expect our future growth to stem from the innovation and commercialization of our products, which provide more technology-driven solutions that growers demand in this market.


Approximately 92% of our Plant Nutrition North America sales volumes in 2016 were made to U.S. customers, who include retail fertilizer dealers and distributors of agricultural products as well as professional turf care customers. In some cases, these dealers and distributors combine or blend our Plant Nutrition North America products with other fertilizers and minerals to produce fertilizer blends tailored to individual requirements.

We estimate that the consumption of highway deicing rock salt in North America, including rock salt used in chemical manufacturing processes, is approximately 36 million tons per year based on average winter weather conditions, while the consumer and industrial market is approximately 9 million tons per year. In the U.K., we estimate that the consumption of highway deicing salt is approximately 2 million tons per year based on average winter weather conditions. According to the latest available data from the U.S. Geological Survey (“USGS”), during the 30-year period ending in 2014, the production of salt used in highway deicing and for consumer and industrial products in the U.S. has increased at a historical average rate of approximately 1% per year, although there have been recent fluctuations above and below this average driven by winter weather variability.


Salt prices vary according to purity, end use and variations in refining and packaging processes. According to the latest USGS data, during the 30-year period ending in 2014, prices for salt used in highway deicing and consumer and industrial products in the U.S. have increased at a historical average rate of approximately 3% per year, although there have been recent fluctuations above and below this average. Due to salt’s relatively low production cost, transportation and handling costs tend to be a significant component of the total delivered cost, which makes logistics management and customer service key competitive factors in the industry. The high relative cost associated with transportation tends to favor producers located nearest to customers.



   Company Address: 9900 West 109th Street Overland Park 66210 KS
   Company Phone Number: 344-9200   Stock Exchange / Ticker: NYSE CMP
    Next quarterly dividend pay out on March 20, 2024.


Customers Net Income fell by CMP's Customers Net Profit Margin fell to

-30.74 %

12.4 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Management Changes

Compass Minerals Appoints Vance Holtzman to Board of Directors, Aiming to Navigate Challenging Financial Waters

Published Thu, Mar 7 2024 9:30 PM UTC

1. Compass Minerals Welcomes Vance Holtzman to Its Board of Directors, Amidst Challenging Financial Times
Compass Minerals, a global leader in essential minerals, has recently announced the election of Vance O. Holtzman to its board of directors during the company's annual meeting of shareholders for fiscal year 2024. This appointment comes as a result of Holtzman's nom...

Contract

Compass Minerals Collaborates with Utah Forestry Division for Water Conservation Efforts at Great Salt Lake

Published Wed, Mar 6 2024 11:40 PM UTC

In a significant move towards ensuring the long-term sustainability of the Great Salt Lake, Compass Minerals (NYSE:CMP), a renowned global provider of essential minerals, has announced its voluntary agreement with the Utah Division of Forestry, Fire, and State Lands (FFSL). The recently outlined Term Sheet and forthcoming binding Voluntary Agreement aim at implementing vario...

Management Changes

Compass Minerals Appoints Gordon Dunn as Chief Operations Officer in Effort to Improve Investment Performance

Published Wed, Feb 21 2024 12:53 PM UTC


Compass Minerals, a global provider of essential minerals, has announced the appointment of Gordon Dunn as the company's new Chief Operations Officer (COO). With extensive experience leading Compass Minerals' U.K. operations since January 2012, Dunn will now oversee all global operations within the Salt and Plant Nutrition businesses.
In recent months, Compass Miner...

Dividend

Compass Minerals Announces Dividend for Q2 2024 as Stock Continues to Face Decline

Published Thu, Feb 15 2024 9:30 PM UTC



Compass Minerals, a leading global provider of essential minerals, recently declared their fiscal second quarter of 2024 dividend of $0.15 per share. However, the company's stock has experienced a significant decline, with a drop of -6.36% in February 2024 and currently sitting at -9.89% in the past 90 days. This raises concerns about the impact of these developmen...

Compass Minerals International Inc

Surging Deficit: Compass Minerals International Inc Struggles Amidst Business Downturn in Recent Fiscal Period

Compass Minerals International Inc has seen a mixed performance in its recent financial results. While the company has been focusing on improving cash flow generation and returns on capital in its core businesses, there are still challenges ahead.
The appointment of Edward C. Dowling Jr. as the new President and CEO comes at a crucial time for the company. With a decline in net income and a lower return on investment, Dowling will have to navigate these challenges to drive the company towards profitability.






 

Compass Minerals International Inc's Segments
 
 
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