Sign in

    Patrick Goff • JPMorgan Chase & Co.

    Patrick Goff is an Executive Director at J.P. Morgan, specializing in asset management and institutional investment analysis. With a career spanning over 15 years in financial services, Goff serves major institutional clients with a focus on US equity portfolios and global multi-asset strategies. He began his career as an analyst and has grown through roles of increasing responsibility at J.P. Morgan since joining in the early 2010s. Goff holds a BBA from the University of Michigan–Stephen M. Ross School of Business, has participated in advanced coursework at Oxford University, and maintains relevant FINRA securities licenses as required by his executive position.

    Patrick Goff's questions to Compass Minerals International Inc (CMP) leadership

    Patrick Goff's questions to Compass Minerals International Inc (CMP) leadership • Q3 2025

    Question

    Patrick Goff from JPMorgan Chase & Co. sought clarification on whether the 50% year-over-year reduction in deicing inventory was company-specific or industry-wide. He also inquired about broader industry inventory levels, the company's long-term leverage target, and the plan for repaying the remaining 2027 bonds.

    Answer

    CEO Edward Dowling confirmed the 50% inventory reduction is specific to Compass Minerals, reflecting disciplined capital management. CCO Ben Nichols speculated industry inventories are also down but couldn't quantify. Mr. Dowling stated the long-term leverage target is a debt-to-EBITDA ratio of around 2.5x and affirmed the company intends to use cash flow to pay down the 2027 bond stub.

    Ask Fintool Equity Research AI