Compass Minerals International Reports $1.24 Billion in Sales for Fiscal Year 2025

**Compass Minerals International Reports Fiscal Year 2025 Results**

Compass Minerals International, Inc. (CMP) reported total sales of $1.24 billion for the fiscal year ended September 30, 2025, an 11.3% increase compared to $1.12 billion in the prior fiscal year. This growth was primarily driven by higher sales in both the Salt and Plant Nutrition segments, partially offset by the exit of the Fire Retardant business. The company's operating income was $25.3 million, a significant improvement from the operating loss of $116.8 million in the previous fiscal year. This turnaround was mainly due to decreased impairment losses and lower selling, general, and administrative expenses (SG&A), despite a slight decline in gross profit. Diluted net loss per share improved to $1.91, compared to a net loss of $4.99 per share in the prior fiscal year.

The Salt segment reported sales of $1.02 billion, a 12.6% increase year-over-year, driven by a 16.5% increase in sales volumes. Highway deicing sales volumes increased 20.4% due to more normal winter weather in North America. However, the combined average sales price decreased by 3.3%, partially offsetting the volume increase. Operating income for the Salt segment decreased by 10.8% to $145.9 million, primarily due to lower average sales prices and higher per-unit product costs. The Plant Nutrition segment saw sales increase by 14.0% to $206.3 million, driven by a 19.4% increase in sales volumes. However, the average sales price decreased by 4.4%. The Plant Nutrition segment reported operating income of $6.5 million, a significant improvement from the operating loss of $86.4 million in the prior year, which included $68.6 million in impairment losses.

Key strategic actions during the fiscal year included the exit from the Fire Retardant business, which resulted in a $53.7 million loss on impairment of long-lived assets. SG&A expenses decreased by 17.8%, or $24.5 million, primarily due to reductions in corporate compensation expense and professional services. The company also completed a refinancing transaction, issuing $650.0 million in 8.00% Senior Notes due 2030 to repay outstanding amounts under its senior secured credit facility and redeem a portion of its 6.75% Senior Notes due 2027, resulting in a $7.6 million loss on debt extinguishment. Compass Minerals also realized a working capital release of nearly $117 million out of finished goods inventory and reduced capital expenditures by 39.0%, or $44.5 million. The Board of Directors did not declare dividends and does not expect to declare dividends for the foreseeable future, focusing instead on cash flow generation and debt reduction.

As of September 30, 2025, Compass Minerals employed 1,849 individuals, with 906 in the U.S., 761 in Canada, and 182 in the UK. Nearly 50% of the workforce is represented by collective bargaining agreements. The company's total recordable injury rate (TRIR) was 1.5 for the fiscal year. Looking ahead, Compass Minerals expects capital expenditures to range from $90 million to $110 million for the fiscal year ending September 30, 2026. The company is also focused on remediating material weaknesses in internal control over financial reporting, with efforts including enhancing the risk assessment process, hiring additional accounting professionals, and implementing more robust control activities.