Compass Minerals shares are trading lower after the company announced the U.S. Forest Service has informed the company that it will not be entering into a contract for the use of magnesium chloride-based aerial fire retardants for the 2024 fire season.
Portfolio Pulse from Benzinga Newsdesk
Compass Minerals' stock is trading lower following the announcement that the U.S. Forest Service will not contract the company for magnesium chloride-based aerial fire retardants for the 2024 fire season.

March 25, 2024 | 4:08 pm
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Compass Minerals' shares are trading lower after the U.S. Forest Service decided against contracting the company's magnesium chloride-based aerial fire retardants for the 2024 fire season.
The decision by the U.S. Forest Service not to enter into a contract with Compass Minerals for the use of its magnesium chloride-based aerial fire retardants directly impacts the company's potential revenue and growth prospects for the 2024 fire season. This news is likely to negatively affect investor sentiment and the stock price in the short term, as it represents a loss of a significant business opportunity.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100