Quarterly ResultMay 6, 2026, 05:07 PM
Compass Minerals Q2 Net Income $12.7M; Adj EBITDA $86.4M; Debt Down 12%
AI Summary
Compass Minerals reported fiscal Q2 2026 results with a net income of $12.7 million, a significant improvement from a prior-year loss, and a 3% increase in adjusted EBITDA to $86.4 million. The company strengthened its balance sheet by retiring $150 million in senior unsecured notes, reducing total debt by 12% to $713.0 million. Plant Nutrition segment showed strong performance, leading to increased guidance, while Salt segment guidance was adjusted due to sales mix and operational matters. The company also announced a new three-year collective bargaining agreement at its Goderich mine.
Key Highlights
- Q2 2026 net income was $12.7 million, compared to a net loss of $32.0 million in Q2 2025.
- Total company adjusted EBITDA for Q2 2026 increased 3% year-over-year to $86.4 million.
- Total debt declined 12% year-over-year to $713.0 million, with net debt down 16% to $638.9 million.
- Salt segment Q2 revenue decreased 12% to $382.6 million, with adjusted EBITDA down 3% to $83.2 million.
- Plant Nutrition segment Q2 revenue increased 15% to $67.0 million, with adjusted EBITDA up to $16.9 million.
- Full-year 2026 adjusted EBITDA guidance for Plant Nutrition increased to $43-$47 million.
- Unionized employees at Goderich mine ratified a new three-year collective bargaining agreement.
- Company retired $150 million of senior unsecured notes due in 2027.