Compass Minerals International Inc
CMP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$88.00 | Dypdkqb | Jblhfgf |
Compass Minerals Earnings: Lithium Project Officially Canceled as Focus Shifts to Free Cash Flow
Our key takeaway from Compass Minerals' fiscal first-quarter earnings is the strategic shift to focus on the maximization of free cash flow and returns on invested capital and away from earnings growth through new business ventures. As a part of this change, the company announced the cancellation of its plans to develop a lithium project as a byproduct of its plant nutrition business in the U.S. state of Utah.