COMPASS MINERALS INTERNATIONAL Reports Second Quarter FY 2023 Earnings Results on March 31, 2023
May 26, 2023
Earnings Overview
COMPASS MINERALS INTERNATIONAL ($BER:CM8) released its second quarter Fiscal Year 2023 earnings results on March 31, 2023. This quarter’s total revenue of USD 411.1 million was 8.3% lower than the same period in the prior year. Net income for this quarter was -12.1 million lower than last year, amounting to a loss of USD 21.6 million.
Price History
At the close of trading, the stock opened at €27.8 and closed at €27.8, down by a modest 1.4% from its prior closing price of 28.2. Overall, investors reacted positively to COMPASS MINERALS INTERNATIONAL’s second quarter earnings results. The company has demonstrated that it is well-positioned in an increasingly competitive market and has strong potential for future success. With these promising results, investors should keep a close watch on the stock as it continues to move forward. Live Quote…
About the Company
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% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CM8. More…
| Operations | Investing | Financing |
| 118.5 | -35.6 | 114.5 |
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 |
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% |
Analysis
At GoodWhale, we are always on the lookout for companies that have a high health score when it comes to cashflows and debt. COMPASS MINERALS INTERNATIONAL is a great example of a company that checks all the boxes. According to our Star Chart, they have a high health score of 8/10. This indicates that they are capable of sustaining operations in times of crisis and are in a secure financial position. When it comes to performance metrics, our Star Chart classified COMPASS MINERALS INTERNATIONAL as a “cow”, which means that they have a track record of paying out consistent and sustainable dividends. They are strong in dividend and medium in asset, profitability, and growth. With these qualities, COMPASS MINERALS INTERNATIONAL is an attractive investment option for dividend investors looking for steady returns. More…
Summary
Compass Minerals International reported their earnings results for the second quarter of Fiscal Year 2023, showing total revenue of USD 411.1 million, 8.3% lower than the same quarter last year. Net income was USD -21.6 million, a decrease of -12.1 million from the prior year. This indicates a negative trend in the company’s performance, and investors would be wise to take a closer look at the current financial status and future prospects of Compass Minerals International before making any decisions to invest. Additionally, analysis of the company’s competition and their respective market share can provide a better understanding of the overall industry environment and potential opportunities.
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