Compass Minerals Intl Inc (NYSE:CMP) shares are trading higher after the company announced preliminary third-quarter revenue above estimates.
The company reported preliminary revenue of $202.9 million, exceeding the estimated $197.775 million.
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.
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.
Additionally, Plant Nutrition segment witnessed an adjusted EBITDA per ton of $128.57 and an adjusted EBITDA margin of 18.6%.
Edward C. Dowling Jr., president and CEO, said, “Compass Minerals’ core businesses produced strong results in the ...