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23.06.25 - 22:12
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Compass Minerals Appoints Chief Accounting Officer (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the appointment of Ashley Ward to chief accounting officer. She most recently served as vice president, corporate controller since July 2024.
In this role, Ward will have primary responsibility for leading the company's accounting functions, including responsibility for all technical accounting issues of the company, ensuring compliance with all accounting policies and principles, and the management of external reporting. She will work closely with executive leadership to further implement and improve accounting systems and processes that support the company's long-term strategic goals.
“Ashley has demonstrated consistent leadership, deep technical expertise, and a commitment to operational excellence during her time at Compass Minerals,” said Peter Fjellman, chief financial officer. “This promotion is a reflection of the value she brings to the organization and our ...
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16.06.25 - 23:03
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Compass Minerals Closes on Sale of $650 Million Senior Notes due 2030 and Partial Redemption of Senior Notes due 2027 (Business Wire)
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Concurrently Closes on Amendment to Amended and Restated Credit AgreementOVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals International, Inc. (NYSE: CMP) (“Compass Minerals” or the “Company”) completed today its previously announced offering of $650 million aggregate principal amount of 8.000% senior notes due 2030 (the “Notes”) in a private offering (the “Offering”). The Notes are senior unsecured obligations of Compass Minerals and are guaranteed by certain of its domestic subsidiaries.
Compass Minerals has also closed on an amendment to its credit agreement dated as of April 20, 2016 (as amended, amended and restated and otherwise modified from time to time, the “Amended and Restated Credit Agreement”), which (i) removes the automatic periodic step-downs in the aggregate revolving commitments, with the aggregate revolving commitments to be fixed at $325 million at and after the closing of the amendment, (ii) permits the issuance of the Notes, with the net cash proceeds therefr...
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03.06.25 - 23:12
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Compass Minerals Announces Pricing of $650 Million Senior Notes due 2030 and Partial Redemption of Senior Notes due 2027 (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals International, Inc. (NYSE: CMP) (“Compass Minerals” or the “Company”) has priced an offering of $650 million aggregate principal amount of 8.000% senior notes due 2030 (the “Notes”) in a private offering. The sale of the Notes is expected to be completed on or about June 16, 2025, subject to customary closing conditions. The Notes will be senior unsecured obligations of Compass Minerals and will be guaranteed by certain of its domestic subsidiaries.
Compass Minerals intends to use the net proceeds from this offering (i) to repay all outstanding amounts under its senior secured credit facility, (ii) to redeem $350 million of its outstanding 6.750% senior notes due 2027 (the “2027 Notes”), (iii) to pay transaction-related fees and expenses, (iv) for additional cash on its balance sheet and (v) for general corporate purposes.
The Notes and related guarantees will not be registered under the Securities Act of 1933, as amended (the “Secur...
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07.05.25 - 22:42
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Compass Minerals Reports Fiscal 2025 Second-Quarter Results (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal 2025 second-quarter results.
Unless otherwise noted, it should be assumed that time periods referenced below are on a fiscal-year basis.
MANAGEMENT COMMENTARY
"Compass Minerals continues to make progress on its back-to-basics strategy, a key tenet of which is optimization. This is a core principle that we will prioritize as we continue on our path to become a more efficient and profitable organization, and we must apply it in all aspects of our business," said Edward C. Dowling Jr., president and CEO. "The second quarter provides an opportunity to illustrate the benefits that can be derived from focusing on that tenet as well as explain steps we are taking to further optimize the business."
"Last year at this time, we laid out a plan to curtail mining production aimed at reducing and optimizing salt inventory levels throughout the 2024/2025 Nor...
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25.04.25 - 23:03
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Compass Minerals Announces Conference Call to Discuss Second-Quarter Fiscal 2025 Results (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its second-quarter fiscal 2025 results Wednesday, May 7, 2025, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Peter Fjellman, will discuss these results on a conference call on Thursday, May 8, 2025, at 9:30 a.m. ET.
Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 1-646-307-1963. An audio replay of the conference call will be available on the company's website.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. The company's salt products help keep roadways safe during winter weather and...
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10.02.25 - 23:24
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Compass Minerals Reports Fiscal 2025 First-Quarter Results (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal 2025 first-quarter results.
Unless otherwise noted, it should be assumed that time periods referenced below are on a fiscal-year basis.
MANAGEMENT COMMENTARY
"This quarter we began to see results from our back-to-basics strategy and initiatives to reduce inventory volumes, improve our cost structure, and enhance profitability. Our efforts are expected to further strengthen our future financial performance, leveraging our exceptional set of unique assets that are virtually irreplaceable, enjoy durable competitive advantages and have strong leadership positions in their respective marketplaces," said Edward C. Dowling Jr., president and CEO.
"We made good progress on our goals of reducing our North American salt inventory volumes and improving the cost structure in our Plant Nutrition business. Despite a slow start to the winter deicing season, we saw salt...
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04.02.25 - 23:15
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Compass Minerals Announces Conference Call to Discuss First-Quarter Fiscal 2025 Results (Business Wire)
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its first-quarter fiscal 2025 results Monday, Feb. 10, 2025, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Peter Fjellman, will discuss these results on a conference call on Tuesday, Feb. 11, 2025, at 9:30 a.m. ET.
Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 1-646-307-1963. An audio replay of the conference call will be available on the company's website.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature's challenges for customers and communities. The company's salt products help keep roadways safe during winter weather and ...
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