Compass Minerals International Inc

CMP: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$29.00	Sdrsvrl	Gtlmqxjx

Compass Minerals Earnings: Lithium Project Officially Canceled as Focus Shifts to Free Cash Flow

Seth Goldstein

Feb 8, 2024

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.

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