Compass Minerals International Inc

NYSE:CMP

Results: Compass Minerals reported third-quarter adjusted EBITDA of $39.9 million, slightly below $41 million a year ago, while the net loss improved to $5.7 million from $7.7 million.

Ogden strength: Plant Nutrition continued to outperform, with adjusted EBITDA of $15 million and higher full-year guidance, helped by better pricing and lower per-unit costs at Ogden.

Salt pricing: Salt pricing was strong, with highway pricing up 8% and C&I pricing up 6% in the quarter, and management said the 2026-27 bid season has been very constructive with price increases around double digits.

Cost pressure: Salt margins were held back by higher-than-expected production, maintenance, and logistics costs, especially at Goderich, where the company is spending more now to support longer-term stability and output.

Outlook lifted: The company raised full-year consolidated EBITDA guidance and boosted Plant Nutrition guidance, while narrowing Salt EBITDA guidance to reflect mix, inflation, and the pace of operational improvement.

Balance sheet: Leverage improved meaningfully, with net leverage down to 2.8x from 4.3x a year ago and total net debt down 13% year over year, supporting talk of more capital flexibility over time.