We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compass Minerals Redeems 2027 Notes to Transform Balance Sheet
Read MoreHide Full Article
Key Takeaways
CMP will fully redeem $150M of 6.750% Senior Notes due 2027 at 100% plus accrued interest.
The move is part of a broader plan to deleverage and improve its maturity profile.
Compass Minerals reported $341.7M liquidity; net debt rose to $883.6M in Q1 2026.
Compass Minerals International, Inc. (CMP - Free Report) has made an announcement to fully redeem the $150 million aggregate principal amount outstanding of its 6.750% Senior Notes due 2027 in an attempt to deleverage and strengthen its balance sheet.
This is a part of the company’s broader balance sheet transformation plan. It will redeem the notes on March 30, 2026, using cash on hand. The redemption price will be set at 100% of the principal amount, along with any accrued and unpaid interest up to, but excluding, the redemption date. This redemption highlights Compass Minerals’ focus on improving the maturity profile to benefit the company’s overall financial position.
The deleveraging plan remains a top priority for the company’s fiscal 2026 goal. It was facilitated by the company’s strong liquidity position. While the company has issued a notice of redemption through the trustee to current registered holders, the announcement does not constitute a notice under the indenture governing the 2027 Notes.
At the end of the first quarter of 2026 (its last reported quarter), the company reported a $341.7 million in liquidity, comprising of $46.7 million in cash and cash equivalents and $295.0 million of availability under its $325 million revolving credit facility. Its net debt stood at $883.6 million at the quarter’s end, up from $832.2 million at the end of the prior-year quarter.
CMP stock has rallied 157.7% over the past year against the industry’s 1.2% decline.
Image Source: Zacks Investment Research
CMP’s Zacks Rank & Other Key Picks
CMP currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Basic Materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Compañía de Minas Buenaventura S.A.A. (BVN - Free Report) and Balchem Corporation (BCPC - Free Report) .
The Zacks Consensus Estimate for AEM’s 2026 earnings is pegged at $13.28 per share, indicating a rise of 60.39% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.77%. AEM’s shares have soared 78.2% over the past year.
The Zacks Consensus Estimate for BVN’s 2026 earnings is pinned at $3.88 per share, indicating a 17.58% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 80.4%. BVN’s shares have jumped 109% over the past year.
The Zacks Consensus Estimate for BCPC’s 2026 earnings is pinned at $5.47 per share, indicating a 6.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the four trailing quarters, while missing it in the remaining two.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Compass Minerals Redeems 2027 Notes to Transform Balance Sheet
Key Takeaways
Compass Minerals International, Inc. (CMP - Free Report) has made an announcement to fully redeem the $150 million aggregate principal amount outstanding of its 6.750% Senior Notes due 2027 in an attempt to deleverage and strengthen its balance sheet.
This is a part of the company’s broader balance sheet transformation plan. It will redeem the notes on March 30, 2026, using cash on hand. The redemption price will be set at 100% of the principal amount, along with any accrued and unpaid interest up to, but excluding, the redemption date. This redemption highlights Compass Minerals’ focus on improving the maturity profile to benefit the company’s overall financial position.
The deleveraging plan remains a top priority for the company’s fiscal 2026 goal. It was facilitated by the company’s strong liquidity position. While the company has issued a notice of redemption through the trustee to current registered holders, the announcement does not constitute a notice under the indenture governing the 2027 Notes.
At the end of the first quarter of 2026 (its last reported quarter), the company reported a $341.7 million in liquidity, comprising of $46.7 million in cash and cash equivalents and $295.0 million of availability under its $325 million revolving credit facility. Its net debt stood at $883.6 million at the quarter’s end, up from $832.2 million at the end of the prior-year quarter.
CMP stock has rallied 157.7% over the past year against the industry’s 1.2% decline.
Image Source: Zacks Investment Research
CMP’s Zacks Rank & Other Key Picks
CMP currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Basic Materials space are Agnico Eagle Mines Limited (AEM - Free Report) , Compañía de Minas Buenaventura S.A.A. (BVN - Free Report) and Balchem Corporation (BCPC - Free Report) .
While AEM and BVN sport a Zacks Rank #1 each at present, BCPC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for AEM’s 2026 earnings is pegged at $13.28 per share, indicating a rise of 60.39% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.77%. AEM’s shares have soared 78.2% over the past year.
The Zacks Consensus Estimate for BVN’s 2026 earnings is pinned at $3.88 per share, indicating a 17.58% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 80.4%. BVN’s shares have jumped 109% over the past year.
The Zacks Consensus Estimate for BCPC’s 2026 earnings is pinned at $5.47 per share, indicating a 6.2% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in two of the four trailing quarters, while missing it in the remaining two.