Compass Minerals Defies Expectations With Q3 Revenue Beat Amid Accounting Delays
Compass Minerals Defies Expectations With Q3 Revenue Beat Amid Accounting Delays
The Salt segment showed strong performance with adjusted EBITDA of $28.05 per ton. The average sales price for sulfate of potash rose to $691.27 per ton for the second consecutive quarter.Compass Minerals Intl Inc (NYSE:CMP) shares are trading higher after the company announced preliminary third-quarter revenue above estimates.
羅盤礦物國際公司（NYSE:CMP）股票上漲，公司宣佈第三季度營業收入超過預期。
The company reported preliminary revenue of $202.9 million, exceeding the estimated $197.775 million.
公司報告了20290萬美元的第三季度營業收入，超過了預期的19777.5萬美元。
Compass Minerals reported preliminary adjusted EBITDA of $32.8 million, including a $0.9 million non-cash gain from a decrease in the Fortress contingent liability.
羅盤礦物報告調整後EBITDA爲3280萬美元，其中包括從Fortress公司債務減少中獲得的90萬美元非現金收益。
The Salt segment showed strong performance with adjusted EBITDA of $28.05 per ton. The average sales price for sulfate of potash rose to $691.27 per ton for the second consecutive quarter.
鹽業板塊表現強勁，調整後EBITDA爲每噸28.05美元。連續兩個季度，硫酸鉀的平均銷售價格達到每噸691.27美元。
Additionally, Plant Nutrition segment witnessed an adjusted EBITDA per ton of $128.57 and an adjusted EBITDA margin of 18.6%.
此外，植物營養板塊的調整後EBITDA爲每噸128.57美元，調整後EBITDA利潤率爲18.6%。
Edward C. Dowling Jr., president and CEO, said, "Compass Minerals' core businesses produced strong results in the third quarter. We had solid results in the Salt segment that reflect the robust earnings potential of that business, while we continued to see sequential improvements in realized price, adjusted EBITDA per ton, and adjusted EBITDA margin in the Plant Nutrition segment."
首席執行官Edward C. Dowling Jr.表示：「羅盤礦物的核心業務在第三季度產生了強勁的業績。鹽業板塊取得了可觀的收益潛力，反映出這一業務的強勁盈利能力，同時，我們在植物營養板塊中看到了實現價格、每噸調整後EBITDA和調整後EBITDA利潤率的持續改善。」
"It's disappointing that we have been delayed in sharing the positive performance of the core businesses with the market due to issues surrounding certain historical accounting matters. It is important for the market to know that the core Salt and Plant Nutrition business are performing well, and that we are also focused on positioning the company for better performance in the future."
「對於由於圍繞某些歷史會計問題而導致我們無法與市場分享核心業務的積極表現的延遲感到失望。市場需要了解到，核心的鹽業和植物營養業務表現良好，同時我們也致力於將公司定位爲未來表現更好。」
Compass Minerals stated that it continues to assess various options for the future of Fortress North America.
羅盤礦物表示，他們仍在評估Fortress北美的各種未來選擇。
The company ended the quarter with $220.8 million in liquidity, including $12.8 million in cash and cash equivalents and $208.0 million available under its $375 million revolving credit facility.
該公司以2,2080百萬元的流動性結束了本季度，其中包括1,280百萬元的現金及現金等價物和20,800百萬元的可用額度在其3,7500百萬元的循環信貸設施下。
Also, the company is actively engaged with its current and predecessor auditors as it corrects the errors and restates the affected financial statements.
此外，該公司正在積極與其現任和前任核數師合作，糾正錯誤並重新編制受影響的財務報表。
As part of that process, additional audit procedures covering fiscal years 2021 through 2023 have been needed, thereby extending the process to complete the restatements.
作爲這個過程的一部分，需要進行額外的審計程序，涵蓋2021年至2023年的財政年度，從而延長了完成重新報表的過程。
Outlook: Compass Minerals has revised its FY24 revenue outlook, adjusting the Salt segment forecast from $900 million – $920 million to $900 million – $910 million, and the Plant Nutrition segment forecast from $170 million – $205 million to $175 million – $185 million.
展望：羅盤礦物已經修正了其2024財年的營業收入展望，將鹽業部門的預測從9,000百萬元-9,200百萬元調整爲9,000百萬元-9,100百萬元，並將植物營養部門的預測從1,700百萬元-2,050百萬元調整爲1,750百萬元-1,850百萬元。
Price Action: CMP shares are up 24.2% at $11.44 at the last check Tuesday.
CMP股票在上週二的最新檢查時上漲了24.2%，達到11.44美元。
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譯文內容由第三人軟體翻譯。