Filing Flows › Compass Minerals International (CMP) › Q4 FY24
Compass Minerals International (CMP) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 16, 2024
Compass Minerals International (CMP) reported revenue of $209M for the fourth quarter fiscal 2024 (Q4 FY24), -11% from a year earlier and +3% from the quarter before. Operating margin was -14.3%, net loss $48.3M (23.1% of revenue).
Compass Minerals International, Q4 FY24: revenue $209M (-11% year over year), operating margin -14.3%, net loss $48.3M, operating cash flow −$12.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +3% | -11% |
| Operating profit | −$29.8M | — | — |
| Net earnings | −$48.3M | — | — |
| Operating cash flow | −$12.7M | — | — |
What changed
Revenue was $208.8M in Q4 FY24, down 11% year over year and up 3% from the previous quarter.
Gross margin was 9.3%, down 8.7 points from a year earlier. Operating costs exceeded revenue by $29.8M, an operating margin of -14.3%. Operating expenses grew 23% against a revenue fall of 11%. The quarter ended with a net loss of $48.3M, wider than the previous quarter's $43.6M loss.
Operating cash flow was −$12.7M. Non-cash charges added back $26.6M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $20.9M exceeded it, leaving free cash flow of −$33.6M.
Questions
What was Compass Minerals International's revenue in the fourth quarter fiscal 2024?
Compass Minerals International (CMP) reported revenue of $209M for the fourth quarter fiscal 2024 (Q4 FY24), -11% from a year earlier and +3% from the quarter before.
Was Compass Minerals International profitable in the fourth quarter fiscal 2024?
Operating loss was $29.8M (-14.3% of revenue) and net loss $48.3M.