Compass Minerals reported a significant increase in revenue for the second quarter of fiscal 2025, reaching $494.6 million, up 36% from $364.0 million in the prior-year quarter. The company's net loss improved to $32.0 million from $38.9 million in Q2 2024.
The Salt segment was a primary driver of this performance, with revenue up 39% year-over-year to $432.7 million, fueled by a 47% increase in sales volumes due to stronger winter weather conditions. North American highway deicing inventory values and volumes were down 47% and 59% year-over-year, respectively, reflecting successful inventory rationalization efforts.
The company generated $182.8 million in net cash from operating activities for the six months ended March 31, 2025, a substantial increase from $33.9 million in the prior year, largely due to a $145 million working capital release from inventory. This contributed to a sequential reduction in total net debt of $171 million in Q2 2025.
Compass Minerals updated its fiscal 2025 guidance, raising the total Adjusted EBITDA range to $173 million - $202 million. The Salt segment's Adjusted EBITDA guidance was also increased to $215 million - $230 million, with total sales volumes projected between 10,450 and 10,900 thousand tons. The Plant Nutrition segment's guidance remained unchanged, with Adjusted EBITDA expected between $17 million and $24 million.
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