- 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.
For further details see:
Compass Minerals: Q1 FY 2021 Numbers Should Be Well Ahead Of Consensus Estimates