Compass Minerals International (CMP) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $12.7 million, reversing a net loss of $32.0 million in Q2 2025, driven by higher gross profit, reduced SG&A expenses, and absence of impairment losses.

• Adjusted EBITDA for Q2 2026 rose 3% year-over-year to $86.4 million.

• Retired $150 million of 2027 senior unsecured notes ahead of schedule, strengthening the balance sheet and reducing debt.

• Completed sale of Wynyard SOP business, resulting in a $14.6 million non-cash loss and supporting balance sheet strengthening.

• New three-year collective bargaining agreement ratified at the Goderich mine, enhancing operational flexibility.

Financial highlights

• Q2 2026 consolidated revenue was $453.2 million, down 8% year-over-year due to lower Salt segment sales volumes.

• Operating income for Q2 2026 was $56.0 million, up from a loss of $3.1 million in Q2 2025.

• Adjusted net income for Q2 2026 was $27.3 million ($0.63 per diluted share), up from $25.7 million ($0.63) in Q2 2025.

• Gross margin for the quarter was 18.3%, up from 15.5% year-over-year.

• Net cash provided by operating activities for the first half of 2026 was $160.4 million.

Outlook and guidance

• Full-year 2026 adjusted EBITDA guidance maintained at $212–$236 million.

• Plant Nutrition segment guidance raised for sales volumes, pricing, and adjusted EBITDA; Salt segment guidance lowered due to sales mix.

• Capital expenditures for 2026 projected at $90–$110 million.

• Effective income tax rate expected at 30–34%.

• Interest expense guidance lowered to $62–$67 million due to debt paydown.