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EarningsQ3 2026 Earnings Report
CMP Q3 2026 EPS Results
Actual EPS-$0.14
Consensus EPS-$0.06
Beat/MissMissed by -$0.08
One Year Ago EPS-$0.39
CMP Q3 2026 Revenue Results
Actual Revenue$215.30M
Expected Revenue$207.75M
Beat/MissBeat by +$7.55M
YoY Revenue Growth+0.33%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
CMP Upcoming Earnings
Compass Minerals International's next earnings date is estimated for December 1, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
CMP Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of meaningful operational and financial progress alongside ongoing operational challenges. Notable positives include a strong turnaround at Plant Nutrition (Ogden) with material margin and EBITDA improvement, constructive salt pricing in the bid season, an upward revision to consolidated EBITDA guidance, a strengthened balance sheet with reduced net leverage and an S&P upgrade, and active capital/operational initiatives (dryer project, maintenance, accelerator teams). Offsetting these gains are near-term execution issues in mining operations—particularly at Goderich—leading to higher per-unit production and logistics costs, a quarter-over-quarter decline in Salt EBITDA and operating earnings, lower highway volumes, and slower-than-expected realization of efficiency gains (resulting in delayed project timing and short-term cash flow pressures). Overall, the positives (guidance raise, Plant Nutrition outperformance, pricing momentum, and balance sheet repair) appear to outweigh the lowlights, though the company must convert operational initiatives into sustained cost declines to deliver on the optimism expressed.Company Guidance
Plant Nutrition (Ogden) Strong Operational Recovery
Ogden produced segment-adjusted EBITDA of $15.0M in the quarter (up 32% from $11.4M prior year), operating earnings of $7.8M (up 50% from $5.2M), and per-unit product and distribution costs declined year-over-year. Full-year Plant Nutrition guidance raised to $49M–$57M (from $43M–$47M). Investment underway (dryer project) expected to improve yield and product quality by end of next fiscal year.
Salt Pricing Improvement and Constructive Bid Season
Salt segment pricing up 9% overall (highway pricing +8%, C&I +6%) and management cites double-digit price improvements in some core U.S. highway markets during the '26–'27 bid season. Management reports structurally tight North American highway de-icing markets and low industry inventories supporting pricing and larger tenders.
Raised Consolidated Adjusted EBITDA Guidance
Consolidated adjusted EBITDA midpoint raised to $230M with a range of $218M–$242M, reflecting stronger Plant Nutrition and constructive salt pricing despite operational headwinds.
Balance Sheet Improvement and Credit Upgrade
Net leverage improved to 2.8x from 4.3x a year ago. Total net debt down ~13% YoY (net debt $660.3M, down $85.6M YoY) and total debt $716.6M (from $825.3M). Company received a recent S&P credit upgrade, and total liquidity of $328.1M (cash $56.3M + $271.8M revolver).
Operational and Capital Discipline
Capital expenditures YTD $62.1M (vs $53.8M prior year); full-year capex guidance $90M–$110M. Management emphasizing investment in assets, preventative maintenance, accelerator teams, network optimization, procurement, and disciplined capital allocation including continued debt reduction.
Plant Nutrition Unit Economics and Yield Initiatives
Excluding Wynyard divestiture impacts, Plant Nutrition sales volumes increased ~4% year-over-year and average sales price increased ~4%. Management plans to capture additional yield via the dryer/compaction project to reduce yield loss and improve per-ton economics starting around next year.
Commercial Protections and Tariff Mitigation
Company implemented pass-through provisions and contract terms to meaningfully reduce exposure to impending Canada-to-U.S. tariffs (effective Aug 19). Management states they are better positioned than a year ago to manage tariff and fuel volatility risks.
CMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed