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Compass Minerals International Inc

Compass Minerals International Inc

CMP
$29.46USD↑+0.37%+0.11 today

MARKET CAP

1.2B

P/E (TTM)

55.6x

FWD P/E

28.4x

DAY RANGE

$29 – $30

52W RANGE

$16
$35

AI Summary

Stalk
Sell NowMedium

CMP exhibits a clear Stage 3 distribution with broken higher-high/higher-low structure, lower highs and lows, and short EMAs acting as resistance. Medium-term directional bias is bearish, with no active bullish patterns or mean-reversion signals present. Short-term analysis shows price rejecting at the 9/21 EMAs, making now an optimal moment to execute on the bearish bias. Sell now into the short-EMA resistance zone to participate in the continuation of the downtrend, while a reclaim above the EMAs or break above the 50 DMA would invalidate this posture.

  • ↑Q2 revenue grew 36% YoY to $495 M, led by plant nutrition
  • ↑Working capital release of ~$145 M boosted cash flow
  • ↓Operating earnings per ton declined 31% YoY to $13.10
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Compass Minerals International, Inc. (NYSE: CMP) is a leading producer of essential minerals, focusing primarily on salt for highway de-icing and plant nutrition solutions in North America. The company operates within a cyclical industry, highly dependent on seasonal weather patterns and demand fluctuations. It has recently adopted a "back-to-basics" strategy aimed at optimizing operational efficiencies, managing costs, and enhancing profitability through improved inventory management.

Bull says

  • ↑Q2 revenue grew 36% YoY to $495 M, led by plant nutrition
  • ↑Working capital release of ~$145 M boosted cash flow
  • ↑Net debt reduced by $170 M, leverage cut from 5.3x to 3.6x EBITDA
  • ↑Salt revenue rose to $166 M on returning winter demand
  • ↑Plant nutrition EBITDA up 15% YoY on improved operations
  • ↑Management forecasts 2–4% de-icing price hike; liquidity strong

Bear says

  • ↓Operating earnings per ton declined 31% YoY to $13.10
  • ↓Elevated distribution costs continue to pressure margins
  • ↓High seasonality: de-icing volume projected down 8% next winter
  • ↓Plant nutrition pricing softened 4%, hindering margin consistency
  • ↓Leverage remains elevated at 3.6x EBITDA, limiting flexibility
  • ↓High commodity volatility and weak profitability indicators

Earnings Call · Q2 2026 · Mgmt. Guidance

Updated 05-12-2026bullish

Transcript signals

Bull points

  • In the second quarter, we retired our remaining $150 million of the 2027 senior unsecured notes earlier than anticipated, providing us with more financial flexibility and representing a significant deleveraging milestone.
  • we are showing outstanding momentum with the objectives we outlined two years ago in the plant nutrition business, with both revenues and operating margins up, and EBITDA also increasing.
  • we've completed new collective bargaining agreements with two of our sites, including the Godrich Mine, which allows us to continue building on the safe, reliable operation while improving efficiency and flexibility.

Bear points

  • Production costs per ton of the salt business moved up year over year, and while the production costs per ton within the mines are improving, we've not yet met the efficiency gains we've expected.
  • consolidated revenue was 453 million, down 41 million, or 8% versus prior year Q2. The decrease is primarily due to lower highway de-icing sales in the current quarter.
  • We have adjusted salt segment outlook. The midpoint is now $233 million compared to the previous midpoint of $241 million. The adjustment reflects the factors I mentioned above.
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