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On April 12, 2021, Compass Minerals reported a very favorable sales volume update for its salt business (its largest segment).
Based on this update, Compass should exceed Q1 FY 2021 consensus revenue estimates by roughly $40 million (I am conservatively modeling $483M vs. $444M).
More importantly, management's commentary about salt inventories coming into balance (after having been oversupplied for at least one year) bodes well for its important fall 2021 municipal salt bidding process.