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Compass Minerals International Inc - Stock Quote CMP

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Morningstar's Compass Minerals International Inc Stock Analysis

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Compass Minerals Poised for Long-Term Profit Growth Despite Near-Term Cost Inflation

Seth Goldstein, CFA Senior Equity Analyst

Business Strategy and Outlook

| Seth Goldstein, CFA |

Compass Minerals holds an enviable portfolio of cost-advantaged assets. Its Goderich rock salt mine in Ontario benefits from unique geology, and with access to a deep-water port, it can deliver deicing salt to customers at a lower cost than competitors. Additionally, the company controls one of only three naturally occurring brine sources that produces the specialty fertilizer sulfate of potash, or SOP. These operations at the Great Salt Lake in Utah can produce SOP at a significantly lower cost than marginal cost producers who convert standard potash.

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Compass Minerals International Inc's Company Profile

Business Description

Compass Minerals currently produces two primary products: salt and specialty potash fertilizer. The company's main assets include rock salt mines in Ontario, Louisiana, and the United Kingdom and a salt brine operation at the Great Salt Lake in Utah. Compass' salt products are used for deicing and also by industrial and consumer end markets. The firm also sells sulfate of potash, which is used by growers of high-value crops that are sensitive to standard potash. Compass is expanding its portfolio and plans to enter the fire retardant market, with its magnesium chloride-based product used to combat forest fires. The company also plans to enter the lithium market. Compass will produce magnesium chloride and lithium as byproducts from its sulfate of potash operation in Utah.

Contact
9900 West 109th Street, Suite 100
Overland Park, KS, 66210
T +1 913 344-9200
Sector Basic Materials
Industry Other Industrial Metals & Mining
Most Recent Earnings Mar 31, 2022
Fiscal Year End Sep 30, 2021
Stock Type Cyclical
Employees 2,223

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