Key Takeaways
- Compass Minerals (NYSE: CMP) reported fiscal 2026 third-quarter results for the quarter ended June 30, 2026.
- Plant Nutrition revenue was $37.6 million, down 16% year over year.
- Plant Nutrition operating income rose 50% to $7.8 million and segment adjusted EBITDA rose 32% to $15.0 million.
- The gains came from improved pricing and lower per-unit costs.
- The company narrowed its net loss to $5.7 million and raised its full-year adjusted EBITDA midpoint to $230 million.
Compass Minerals Reports Fiscal Third-Quarter Results
Compass Minerals (NYSE: CMP) reported fiscal 2026 third-quarter results, with its Plant Nutrition segment posting stronger profitability despite lower revenue. The segment supplies specialty crop-nutrition products used in agriculture, and its performance was the highlight of a seasonally softer quarter for the company. Compass also runs a much larger salt business, but the plant-nutrition arm is the piece most tied to farm demand.
“We raised our full-year consolidated Adjusted EBITDA guidance midpoint to $230 million, driven by significantly stronger Plant Nutrition performance partially offset by mix, inflationary pressures and the pace of operational improvements in Salt,” said Edward C. Dowling Jr., president and chief executive of Compass Minerals.
Inside the Plant Nutrition Segment
Plant Nutrition revenue was $37.6 million, down 16% from a year earlier. Even so, segment operating income rose 50% to $7.8 million and adjusted EBITDA climbed 32% to $15.0 million. The company attributed the improvement to better pricing and lower per-unit costs on its crop nutrition products, echoing the firmer fertilizer pricing seen across the sector.
Compass Minerals’ Wider Results
Across the business, Compass Minerals narrowed its net loss to $5.7 million for the quarter. The company also announced a change in operations leadership, with Patrick Merrin departing and Brandon Risner promoted to chief operating officer, a move management framed as continuity for the improvement program it has been running.
Full-Year Outlook
Compass Minerals raised the midpoint of its fiscal 2026 adjusted EBITDA guidance to $230 million, pointing to the improvement process it says is showing up most clearly in the Plant Nutrition business. The updated outlook reflects the segment’s margin gains through the first three quarters, a data point for readers following ag-sector market performance.
