Compass Minerals International (CMP) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $12.7 million, reversing a net loss of $32.0 million in Q2 2025, driven by higher gross profit, reduced SG&A expenses, and absence of impairment losses.

• Adjusted EBITDA for Q2 2026 reached $86.4 million, up 3% year over year, with margins improving in both Salt and Plant Nutrition segments.

• The company retired $150 million of senior unsecured notes due 2027, strengthening its balance sheet and reducing debt.

• Completed new collective bargaining agreements at key sites, including Goderich Mine, enhancing operational flexibility.

• Sale of Wynyard SOP business completed, resulting in a $14.6 million pre-tax loss and supporting balance sheet strengthening.

Financial highlights

• Q2 2026 consolidated revenue was $453.2 million, down 8% year-over-year due to lower Salt segment sales volumes.

• Adjusted EBITDA for Q2 2026 was $86.4 million, up from $84.1 million year-over-year, with margin improving to 19.1%.

• Salt segment revenue was $382.6 million (down from $433 million); Plant Nutrition revenue was $67.0 million (up from $58 million).

• Plant Nutrition adjusted EBITDA was $16.9 million, up 202% year-over-year, with margin rising to 25.2%.

• Net income per diluted share was $0.30; adjusted net income per diluted share was $0.63.

Outlook and guidance

• Full-year 2026 adjusted EBITDA guidance maintained at $212–$236 million.

• Salt segment FY26 revenue guidance: $1,025–$1,080 million; adjusted EBITDA: $225–$240 million.

• Plant Nutrition FY26 revenue guidance: $190–$210 million; adjusted EBITDA: $43–$47 million.

• Capital expenditures for 2026 expected at $90–$110 million.

• Effective income tax rate projected at 30%–34%.