COMPASS MINERALS INTERNATIONAL Reports Q2 FY2023 Financial Results for Period Ending May 9 2023

May 25, 2023

Earnings Overview

On May 9 2023, COMPASS MINERALS INTERNATIONAL ($BER:CM8) announced their financial results for the second quarter of FY2023, ending on March 31 2023. The overall revenue for the quarter totalled USD 411.1 million, 8.3% lower than the same period in the prior year. The company’s net income was USD -21.6 million, a greater decrease than the -12.1 million reported in the year-ago quarter.

Share Price

The company’s stock opened at €27.8 and closed at the same price, down by 1.4% from the previous day’s closing price of €28.2. The decrease in stock prices was attributed to the mixed results reported by the company for the quarter. However, the company’s margins were impacted by lower pricing and their operating expenses increased by 4%. Overall, the company still managed to deliver solid results for the quarter and is expecting to continue its strong performance in the coming quarters as well. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for CM8. More…

    Total Revenues Net Income Net Margin
    1.23k -37.6 -3.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for CM8. More…

    Operations Investing Financing
    118.5 -35.6 114.5
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for CM8. More…

    Total Assets Total Liabilities Book Value Per Share
    1.78k 1.3k 11.8
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for CM8 are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -6.7% -26.2% 7.3%
    FCF Margin ROE ROA
    1.8% 11.3% 3.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of the fundamentals of COMPASS MINERALS INTERNATIONAL and have determined that it is a medium risk investment. This assessment is based on our Risk Rating, which takes into account the financial and business aspects of the company. We have detected three risk warnings in the income sheet, balance sheet, and cash flow statement of COMPASS MINERALS INTERNATIONAL. If you become a registered user you can see exactly what these warnings are. We believe that this information can be a valuable resource for making informed decisions about whether or not to invest in this company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Compass Minerals International reported a decrease in revenue for Q2 of FY2023 compared to the same period in previous fiscal year. Net income was also lower than that of the previous year, with the company reporting a net loss instead. This news may cause concern for potential investors, as it suggests that the company has not been able to make up for the losses incurred in the previous fiscal year. Investors should keep a close eye on Compass Minerals International’s financial performance over the coming quarters in order to determine whether their investments are likely to be worthwhile.

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