Compass Minerals International Reports Q3 FY2023 Revenue of $207.6M and Net Income of $39.9M, Down 3.3% and Up 7.9%, Respectively
August 25, 2023
☀️Earnings Overview
For the third quarter of Fiscal Year 2023 (ending June 30th 2023), COMPASS MINERALS INTERNATIONAL ($NYSE:CMP) revealed a total revenue of USD 207.6 million and a net income of USD 39.9 million, both of which showed a slight change compared to the previous year. The revenue saw a decrease of 3.3% while the net income increased by 7.9 million.
Analysis
GoodWhale’s analysis of COMPASS MINERALS INTERNATIONAL’s financials reveals that it is classified as a ‘cow’, which suggests the company has a track record of paying out consistent and sustainable dividends. This makes COMPASS MINERALS INTERNATIONAL an appealing investment for dividend investors. Further, by analyzing its financials across asset, dividend, profitability, and growth, COMPASS MINERALS INTERNATIONAL has scored high marks in asset and dividend, medium in profitability and weak in growth. Additionally, GoodWhale scored COMPASS MINERALS INTERNATIONAL at 8/10 for its health score. This implies the company is capable of paying off debt and will have enough for funding future operations. With a healthy financial backing and consistent record of dividend payments, COMPASS MINERALS INTERNATIONAL can be a great addition to an investor’s portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CMP. More…
| Total Revenues | Net Income | Net Margin |
| 1.22k | 10.2 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CMP. More…
| Operations | Investing | Financing |
| 92.9 | -127.2 | 45.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CMP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.73k | 1.2k | 13.05 |
Key Ratios Snapshot
Some of the financial key ratios for CMP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.6% | -23.6% | 8.2% |
| FCF Margin | ROE | ROA |
| -1.1% | 12.2% | 3.6% |
Peers
The competition among Compass Minerals International Inc and its competitors is fierce. Ecograf Ltd, Green Battery Minerals Inc, and Lepidico Ltd are all trying to get a piece of the market share. Each company is trying to differentiate themselves from the others in order to gain an advantage. Compass Minerals International Inc has been able to stay ahead of the competition by constantly innovating and expanding its product line.
– Ecograf Ltd ($ASX:EGR)
Eograf Ltd is a publicly traded company with a market capitalization of 168.88 million as of 2022. The company has a return on equity of -7.82%. Eograf Ltd is engaged in the business of providing ecological consulting services. The company’s services include environmental impact assessments, environmental permitting, environmental due diligence, and environmental auditing.
– Green Battery Minerals Inc ($TSXV:GEM)
Battery Minerals Inc is a U.S.-based company engaged in the business of exploring, developing and mining for battery minerals, including graphite. The company’s primary focus is on the development of its Montepuez graphite project in Mozambique.
– Lepidico Ltd ($ASX:LPD)
Lepidico Ltd is a lithium exploration and development company. The company has a market capitalization of 137.48 million as of 2022 and a return on equity of -6.76%. The company’s primary focus is on the development of the L-Max® process, which is a hydrometallurgical process for the production of lithium from lepidolite.
Summary
Compass Minerals International has reported a decrease in total revenue of 3.3% for the third quarter of FY2023 ending June 30, 2023. However, the company saw an increase of 7.9 million in net income year-over-year. This performance has been a point of interest for investors, who have been monitoring the company’s performance closely. As Compass Minerals International continues to manage its risk and increase efficiency, investors will remain optimistic for its future prospects and potential growth opportunities.
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