Compass Minerals International, Inc. (NYSE:CMP) Q4 2024 Earnings Conference Call December 17, 2024 10:00 AM ET

Company Participants

Brent Collins - Vice President of Investor Relations
Edward Dowling - President and Chief Executive Officer
Jeffrey Cathey - Chief Financial Officer
Ben Nichols - Chief Sales Officer
Jenny Hood - Chief Supply Chain Officer

Conference Call Participants

Joel Jackson - BMO Capital Markets
David Begleiter - Deutsche Bank
David Silver - CL King & Associates

Operator

Hello, and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the Compass Minerals Fiscal Fourth Quarter and Full-Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Brent Collins, Vice President, Treasurer, and Investor Relations. Please go ahead.

Brent Collins

Thank you, operator. Good morning and welcome to the Compass Minerals fourth quarter and full year 2024 earnings conference call. Today, we will discuss our recent results and provide our outlook for fiscal 2025. We will begin with prepared remarks from our President and CEO, Edward Dowling, and our CFO, Jeffrey Cathey. Joining in for the question-and-answer portion of the call will be Ben Nichols, our Chief Sales Officer, and Jenny Hood, Chief Supply Chain Officer.

Before we get started, I will remind everyone that the remarks we make today reflect financial and operational outlooks as of today's date, December 17, 2024. These outlooks entail assumptions and expectations that involve risks and uncertainties that could cause the company's actual results to differ materially. The 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 available online.

I'll now turn the call over to Ed.

Edward Dowling

Thank you, Brent. Good morning, everyone, and thank you for joining us on our call today. It's good to be speaking to you again after we've had to take a pause as we went through our [restatements] (ph).

I want to begin my remarks today by providing a brief recap of the year. To say fiscal 2024 was an eventful and transitional year for the company would be a major understatement. The transition began in November 23 when we announced the suspension of our lithium project in Utah, which was formally terminated a few months later in February. This was a significant pivot for the company that aligned with the renewed strategy commitment to focus efforts on improving performance in our core salt and plant nutrition businesses. We all know that different jobs require different skill sets, and it's only amplified when it involves a shift in strategy.