Compass Minerals reported a strong third quarter for fiscal 2025, with revenue increasing to $214.6 million, up from $202.9 million in Q3 2024. The company's net loss improved to $17.0 million from $43.6 million in the prior-year quarter, and Adjusted EBITDA grew to $41.0 million, up from $32.8 million.
The Salt business saw revenue increase 3% to $166.0 million, driven by a 4% rise in sales volumes and a 1% increase in average highway deicing selling prices. Salt Adjusted EBITDA grew 10% to $45.8 million, with Adjusted EBITDA per ton increasing 6% to $29.66 due to declining costs.
The Plant Nutrition business also demonstrated strong performance, with revenue up 15% to $44.8 million and operating earnings of $5.2 million, compared to an operating loss in the prior year. Adjusted EBITDA for the segment improved to $11.4 million, supported by stronger sales volumes and lower production costs.
Net cash provided by operating activities for the nine months ended June 30, 2025, surged to $204.6 million, a substantial increase from $27.1 million in the prior year, primarily due to significant reductions in North American salt inventory. The company also sold certain Fortress assets for $19.6 million and made net debt payments of $87.0 million.
Compass Minerals updated its fiscal 2025 guidance, raising the Plant Nutrition Adjusted EBITDA range to $24 million - $27 million and increasing total Plant Nutrition sales volumes to 320 - 325 thousand tons. Furthermore, the company announced a positive outlook for the 2025/2026 North American bid season, expecting average contract selling prices to be 2%-4% higher and committed bid volumes to be up 3%-5% compared to fiscal 2025.
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