Quarterly ResultAug 5, 2026, 05:23 PM
Compass Minerals Q3 Net Loss $5.7M; Raises FY26 Adj. EBITDA Guidance
AI Summary
Compass Minerals reported fiscal 2026 third-quarter results, with a net loss of $5.7 million, an improvement from the prior-year period. Total company Adjusted EBITDA was $39.9 million, slightly down year-over-year, primarily due to higher costs in the Salt business, which offset strong performance in the Plant Nutrition segment. The company raised its full-year 2026 Adjusted EBITDA guidance midpoint to $230 million and received a corporate credit rating upgrade from S&P Global Ratings to 'B+' from 'B', reflecting improved debt reduction and profitability.
Key Highlights
- Net loss for Q3 2026 improved to $5.7 million from $17.0 million in prior year.
- Total company Adjusted EBITDA for Q3 2026 was $39.9 million, compared to $41.0 million in prior year.
- Plant Nutrition segment Adjusted EBITDA increased 32% to $15.0 million on improved pricing and lower costs.
- Salt segment Adjusted EBITDA decreased 15% to $38.9 million due to higher per-unit product and distribution costs.
- Full-year 2026 Adjusted EBITDA guidance midpoint raised to $230 million, with a new range of $218 million to $242 million.
- S&P Global Ratings upgraded the company's corporate credit rating to 'B+' from 'B' with a stable outlook.
- Net leverage ratio declined to 2.8 times as of June 30, 2026, from 4.3 times a year ago.
Price Impact
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