Compass Minerals Reports Preliminary Q3 Revenue Of $202.9M, Est $197.775M
Portfolio Pulse from Benzinga Newsdesk
Compass Minerals reported preliminary Q3 revenue of $202.9M, surpassing estimates of $197.775M. The Salt segment generated $160.6M, while the Plant Nutrition business faced a $1.4M operating loss. The company has $220.8M in liquidity.
September 17, 2024 | 10:09 am
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Compass Minerals reported better-than-expected Q3 revenue of $202.9M, driven by strong performance in the Salt segment. However, the Plant Nutrition business faced challenges with a $1.4M operating loss.
The company's revenue exceeded expectations, which is a positive indicator for investors. The strong performance in the Salt segment is a key driver, although the Plant Nutrition business's loss is a concern. Overall, the positive revenue surprise is likely to have a favorable short-term impact on CMP's stock price.
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