Cigna earnings beat by $0.04, revenue topped estimates
OVERLAND PARK, KS - Compass Minerals International Inc. (NYSE:CMP), a mining and minerals company with a market capitalization of $430 million and annual revenue of $1.08 billion, announced the results of its Annual Meeting of Stockholders that took place on March 6, 2025. According to InvestingPro data, the company’s shares have declined 52% over the past year, though analysts maintain price targets ranging from $14 to $20. The meeting led to the approval of all proposed items, including the election of directors, advisory approval of executive compensation, amendment to the incentive plan, and ratification of the company’s independent auditor.
The stockholders re-elected eight directors to the company’s board, with votes for each director ranging from 27,558,874 to 30,481,985 in favor. Against votes and abstentions were significantly lower, indicating strong shareholder support for the board’s composition.
In an advisory vote, shareholders approved the compensation of the company’s named executive officers as disclosed in the Proxy Statement from January 23, 2025. The proposal received 28,722,853 votes in favor, 2,175,126 against, and 132,353 abstentions.
Additionally, an amendment to the Compass Minerals International, Inc. 2020 Incentive Award Plan was passed. This proposal saw 22,940,474 votes for, 8,006,725 against, and 83,133 abstentions.
Lastly, the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year 2025 was ratified with an overwhelming majority of 36,069,406 votes for, 257,912 against, and 38,299 abstentions.
The company’s business address is 9900 W. 109th Street, Suite 100, Overland Park, KS, and it operates in the nonmetallic mineral mining sector under the SIC code 1400. Compass Minerals International, Inc. is incorporated in Delaware and has its fiscal year end on September 30. InvestingPro analysis indicates the company maintains a healthy liquidity position with a current ratio of 2.37, though it operates with a significant debt burden. For investors seeking deeper insights, InvestingPro offers 8 additional key tips and a comprehensive Pro Research Report, available among the 1,400+ detailed company analyses on the platform.
This news is based on the latest 8-K filing with the Securities and Exchange Commission. The filing provides shareholders and potential investors with insights into the company’s governance and shareholder sentiments on key issues. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued, presenting a potential opportunity for value investors. Discover more undervalued opportunities at Investing.com’s Most Undervalued Stocks.
In other recent news, Compass, Inc. reported a strong performance for the fourth quarter, with revenue reaching $1.38 billion, surpassing analyst expectations of $1.29 billion. This represents a 25.9% increase year-over-year, significantly outpacing the overall U.S. residential real estate market’s growth. The company also reported a Q4 adjusted loss of -$0.08 per share, which was better than the anticipated loss by $0.01. Compass’s market share expanded to 5.06%, with positive operating cash flow of $30.5 million and free cash flow of $26.7 million. Looking forward, Compass provided optimistic guidance for the first quarter of 2025, projecting revenue between $1.35 billion and $1.475 billion, exceeding the consensus estimate of $1.335 billion.
Meanwhile, Moody’s has downgraded Compass Minerals International, Inc.’s ratings, revising the outlook to negative. The downgrade reflects weakened credit metrics and elevated leverage due to unfavorable weather conditions and strategic missteps. Moody’s adjusted EBITDA for Compass Minerals is expected to remain challenged in fiscal 2025, with a projected leverage of 6.2x by the end of the fiscal year. The negative outlook is compounded by tariffs on Canadian imports, which could impact financial performance. Despite these challenges, Compass Minerals maintains a strong position in the North American salt industry.
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