Compass Minerals reported a net loss of $206.1 million for the full fiscal year 2024, with consolidated revenue declining 10% year-over-year to $1,117.4 million. The fourth quarter of fiscal 2024 also saw a net loss of $48.3 million on $208.8 million in revenue.
The Salt segment's full-year revenue was down 10% to $907.8 million, primarily due to one of the mildest highway deicing seasons in 25 years, which led to a 20% decrease in highway deicing sales volumes. Despite this, Salt Adjusted EBITDA per ton improved 20% to $24.50 in fiscal 2024.
The Plant Nutrition segment's full-year revenue grew 5% to $181.0 million, driven by a 25% increase in sales volumes, though Adjusted EBITDA declined significantly by 61.4% to $16.9 million due to lower pricing and non-cash impairments. Cash provided by operating activities for fiscal 2024 was $14.4 million, a substantial decrease from $106.0 million in the prior year.
For fiscal year 2025, Compass Minerals provided guidance for total Adjusted EBITDA between $169 million and $209 million. The Salt segment is projected to achieve Adjusted EBITDA of $225 million to $250 million, while the Plant Nutrition segment is expected to be between $14 million and $20 million. Capital expenditures are anticipated to be in the range of $100 million to $110 million, with the company continuing to evaluate alternatives for its Fortress fire retardant business.
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