Compass Minerals International, Inc. (NYSE:CMP) Q4 2023 Earnings Call Transcript November 17, 2023 9:30 AM ET

Company Participants

Brent Collins - VP of IR

Kevin Crutchfield - President and CEO

Lorin Crenshaw - CFO

Jamie Standen - CCO

Conference Call Participants

Joel Jackson - BMO Capital Markets

David Begleiter - Deutsche Bank

Greg Lewis - BTIG

Vincent Anderson - Stifel

David Silver - CL King

Chris Kapsch - Loop Capital Markets

Jeff Zekauskas - JPMorgan

Operator

Ladies and gentlemen, good morning. My name is Abby and I'll be your conference operator today. At this time, I would like to welcome everyone to the Compass Minerals Fourth Quarter and Fiscal 2023 Earnings Conference Call. Today's conference is being recorded and all lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. And I will now turn the conference over to Brent Collins, Vice President of Investor Relations. Mr. Collins, you may begin.

Brent Collins

Thank you, operator. Good morning and welcome to the Compass Minerals Fourth Quarter and Fiscal 2023 Earnings Conference Call. Today, we will discuss our recent results as well as our outlook for 2024. We'll begin with prepared remarks from our President and CEO, Kevin Crutchfield, and our CFO, Lorin Crenshaw. Joining in for the question-and-answer portion of the call will be Jamie Standen, our Chief Commercial Officer, and Chris Yandell our Head of Lithium. George Schuller, our Chief Operating Officer is away today.

Before we get started, I'll remind everyone that the remarks we make today reflect financial and operational outlooks as of today's date, November 17, 2023. These outlooks entail assumptions and expectations that involve risks and uncertainties that could cause the company's actual results to differ materially. A discussion of these risks can be found in our SEC filings located online at investors.compassminerals.com.

Our remarks today also include certain non-GAAP financial measures. You can find reconciliations of these items in our earnings release or in our presentation, both of which are also available online. The results in our earnings release issued last night and presented during this call reflect only the continuing operations of the business, other than amounts pertaining to the condensed consolidated statements of cash flows or unless noted otherwise.

I'll now turn the call over to Kevin.

Kevin Crutchfield

Thank you, Brent. Good morning everyone and thank you for joining us on our call today. Over the course of fiscal 2023, we advanced the ball on a number of important strategic fronts. Unfortunately, the positive strides we've made across several areas this year have been wholly overshadowed by sustained uncertainty surrounding our lithium project in Utah, which has weighed heavily on our share price. I'll come back to our strategic achievements in just a moment, but I first want wanted to provide some commentary on our operations in Utah and on our lithium projects, specifically.