Compass Minerals Announces Fiscal 2026 Third-Quarter Results Reported

Compass Minerals hosted its fiscal 2026 third-quarter earnings call, reporting a net loss of $5.7 million for the third quarter of 2026, compared to a net loss of $17 million the prior year.

“What we are experiencing in our Plant Nutrition business is the clearest example of what our improvement process can deliver. We produced segment adjusted EBITDA of $15 million in the quarter on improved pricing and lower per-unit costs, and we have again raised our full-year expectations for this business. In Salt, we realized meaningful pricing gains in highway during the quarter, and we are seeing early signs of a constructive pricing environment within our consumer and industrial (C&I) product line as well. However, production costs at our mining operations have not yet improved at the pace we expected. Production tons are up year over year, but as we invest in maintenance, labor and associated costs have remained elevated relative to plan. We raised our full-year consolidated adjusted EBITDA guidance midpoint to $230 million, driven by significantly stronger Plant Nutrition performance partially offset by mix, inflationary pressures and the pace of operational improvements in Salt,” said Edward C. Dowling Jr., president and CEO.

Other fiscal 2026 third-quarter results reported include:

  • Total company adjusted EBITDA for the third quarter of 2026 of $39.9 million, compared with $41 million in the prior-year period.

  • Operating income and adjusted EBITDA margins within the Salt business declined compared to the prior-year period, driven principally by higher per-unit product costs and distribution costs year over year.

  • Continued improvements in pricing and cost structure increased Plant Nutrition segment operating income and adjusted EBITDA on both absolute and per-ton bases.

  • Total debt (defined as long-term debt, net of current) declined 13% from the prior-year period to $716.6 million as of June 30, 2026, while net debt decreased $85.6 million, or 11%, to $660.3 million over the same period.

  • Mid-point of full-year 2026 guidance for total company adjusted EBITDA was raised within modified range of $218 million to $242 million, reflecting stronger-than-expected results in the Plant Nutrition segment and adjustments in the Salt segment related to mix dynamics, inflationary pressures and the pace of operational improvements.

You can find additional details in the press release and the Fiscal 2026 Third-Quarter Business Update posted in the Investor Relations section of the company website.