Compass Minerals (CMP) Misses Q3 EPS by 51c

Compass Minerals (NYSE: CMP) reported Q3 EPS of ($0.07), $0.51 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $282.4 million versus the consensus estimate of $319.72 million.

Guidance:

Given lower-than-expected highway deicing bid volume commitments, the further weakening of the Brazilian currency, and the ongoing impact from COVID-19, we are adjusting our full-year 2020 EBITDA outlook to $330 million to $345 million (excluding the $7.4 million inventory adjustment) from our prior outlook of $330 to $370 million.

For earnings history and earnings-related data on Compass Minerals (CMP) click here.

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