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Compass Minerals International (CMP) investor relations material

Compass Minerals International Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary9 Dec, 2025

Executive summary

  • Fiscal 2025 marked a pivotal year with a narrowed net loss to $79.8 million from $206.1 million, driven by operational improvements, cost rationalization, and a back-to-basic strategy.

  • Adjusted EBITDA for the year was $198.8 million, down 4% year-over-year, but up 4% when excluding Fortress contingent consideration.

  • Net total debt reduced by 14% ($125 million) to $772.5 million, with successful refinancing extending debt maturities and enhancing liquidity.

  • Corporate cost rationalization, including workforce reductions and winding down the Fortress business, led to an 18% SG&A reduction.

  • Leadership and organizational changes aligned with operational improvement and profitability goals.

Financial highlights

  • Full-year revenue reached $1.25 billion, up 11% year-over-year; operating income was $25 million versus a $117 million loss.

  • Q4 operating earnings were $12 million, up from a $30 million loss last year; net loss improved to $7.2 million from $48 million.

  • Q4 Adjusted EBITDA rose to $42 million from $16 million year-over-year; full-year Adjusted EBITDA was $199 million.

  • Net cash provided by operating activities improved to $197.7 million from $14.4 million year-over-year.

  • Capital expenditures were $69.7 million, intentionally reduced due to a slow start to the deicing season.

Outlook and guidance

  • 2026 Adjusted EBITDA guidance: $200–$240 million; Salt segment: $225–$255 million; Plant Nutrition: $31–$36 million.

  • Salt sales volumes forecast to decline ~8% at midpoint, reflecting a return to typical winter assumptions, but margins expected to improve.

  • Plant Nutrition sales volumes expected to decline, but pricing and cost structure expected to improve.

  • Corporate overhead Adjusted EBITDA guidance: negative $56 million to negative $51 million, reflecting ongoing cost rationalization.

  • 2026 capital expenditures expected at $90–$110 million, returning to normal levels after a reduced 2025.

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Frequently asked questions

Compass Minerals International, Inc., produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through Salt and Plant Nutrition segments. The company mines and processes salt products; develops and sells transportation minerals, including rock salt and magnesium chloride; and provides services combining road management services with de-icing products. Compass Minerals International, Inc. was founded in 1993 and is headquartered in Overland Park, Kansas.

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