0001227654-26-000023
SEC filingCompass Minerals reported fiscal 2026 Q2 net income of $12.7 million and adjusted EBITDA of $86.4 million, up from prior year loss and $84.1 million, while updating full-year adjusted EBITDA guidance to $212-$236 million.
Compass Minerals delivered a strong fiscal 2026 Q2 with net income of $12.7 million versus a $32.0 million loss last year, driven by improved Salt segment margins and robust Plant Nutrition performance. Total adjusted EBITDA rose 3% to $86.4 million, reflecting higher Salt pricing up 10% YoY despite 22% lower highway deicing volumes, and Plant Nutrition revenue growth of 15% to $67.0 million on 4% higher volumes and 10% better pricing per ton at $690. Cost improvements in Plant Nutrition boosted adjusted EBITDA to $16.9 million from $5.6 million YoY. Salt adjusted EBITDA dipped 3% to $83.2 million due to volume declines and higher per-unit costs. CEO Edward C. Dowling Jr. highlighted balance sheet strengthening via retirement of $150 million 2027 notes, cutting total debt to $713.0 million (down 12% YoY) and net leverage to 2.7x from 4.6x. Goderich mine's new three-year union agreement supports operational efficiency. FY2026 guidance holds total adjusted EBITDA midpoint with Plant Nutrition raised to $43-$47 million on higher volumes/pricing/lower costs, offset by Salt adjustments to $225-$240 million for sales mix shifts. Wynyard SOP sale for $30.8 million yielded $23.2 million net cash but a $14.6 million non-cash loss. Liquidity stands at $378.9 million, positioning the company to reduce debt and enhance shareholder value amid ongoing operational initiatives.