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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.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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